After a $22 million seed round, The Block Chain fund Pangea is ready for launching. The Switzerland based fund is backed by Roger Ver. Ver is one of the earliest Crypto investor and an avid supporter of Bitcoin adoption. Roger Ver is the creator of Bitcoin Cash.
What is Pangea
Pangea aims to provide boosting capital to transformative start ups in the block chain industry. The focus will be on the commercial and industrial application of block chain technology and will not be spending any investments on crypto currencies.
The name Pangea refers to the “whole earth” goal. Fitting, As they plan to touch the world with block chain technology. The fund believed that block chain technology is going to change the way people transact and interact with each other. James Duplessie, co-founder of the investment advisory Sagl, adds “Blockchain technology has the potential to change the nature of the systems that lie beneath the things we do every day and could be the greatest driver of value creation in our lifetime.”
Who Are The Investors?
Aside from Roger Ver, other investors include Copernicus Asset Management in this round. Copernicus is a Swiss based company regulated by Switzerland’s Financial Markets Supervisory Authority. “There is The need for a transparent, verifiable register of data is endless, according to Copernicus chief of investments, Maggi Rokkum Testi. “Blockchain represents a new paradigm for the way information is shared, and the use cases for a transparent, verifiable register of data transactions are endless,” she adds.
Understandably, Copernicus envisions the technology will be transformative. It could be applied on a wide range of industries including public utilities, healthcare and retail. Copernicus is in a good position to capitalize on the versatility of the block chain technology. The firm has strong experience working in tradition and non-traditional market and employ a unique investment strategy.
Copernicus is excited for the future with Pangea. “We’re excited to be early partners and to play an active role in fostering the individuals and companies designing these new economic, social and political systems.”, exclaims Testi of Copernicus.
Sagl, investment blockchain advisory, will also be launching in a few months Ticino Labs, a swiss based incubator.