From: Spacebit Technologies
Posted: Thursday, October 25, 2018
Spacebit Capital launches the world’s largest ever crypto fund for space. It has been announced today at the world investment forum in Geneva. Company will be revealing partnership with Moon Village Association founded by European Agency Director General on the 4th of November in L.A., with major NASA officials, including support of Apollo Astronaut who becomes a board member. Spacebit Capital Fund to be first and largest crypto fund for space sector.
Spacebit Capital is launching Bermuda based VC Crypto fund to support Space projects and companies and plans to tokenize space industry making investments more liquid.
Luxembourg and European Space Angels are partnering with company for co-investments.
“We are pioneers of crypto capital for space industry and plan to launch European arm for tokenization of space assets in 2019. We will typically look to invest at Series A, once businesses have built a product and achieved some early market validation. Targeting $100m final close by Q1 2019. Reaching $20m first close,” - says Pavlo Tanasyuk, founder of Spacebit.
Spacebit Capital launches the world’s largest ever crypto fund for space and plans to invest in early-stage, space-sector, IP intensive companies.
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