Richard Branson’s Blockchain company is raising funds
Blockchain

Richard Branson’s Blockchain company is raising funds

By Marco Cavicchioli - 4 Sep 2019

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The Blockchain company, which has seen as investors Google Ventures and Virgin’s founder, Richard Branson, among others, is raising more funds to invest in the industry. 

It is Blockchain Luxembourg S.A., known for launching the blockchain.info website, which later became blockchain.com, whose name should not be confused with that of the actual blockchain technology. 

The company was founded in 2011 in London and has already raised investments of over 70 million dollars from Google Ventures and Virgin as well as from other funds, including Lakestar, Europe’s largest venture capital fund.

Now Blockchain is trying to raise another $50 million to invest in new startups in the crypto sector. According to Yahoo News, negotiations with investors are already underway and the aim would be to invest both in stocks and in cryptocurrencies. As of now, the company has neither confirmed nor denied it.

Managing this project is Samuel Harrison, co-founder of Blockchain Ventures, a $50 million venture capital fund that has already invested in crypto startups such as Origin Protocol, Coindirect, Sliver.tv, Nodle.

In addition to Richard Branson, another famous Englishman seems to be involved in Blockchain: former Prime Minister David Cameron, who inaugurated the company’s new London offices in 2017. However, it is not known whether Cameron has any other role within the company. 

At the time of his investment in the company in 2017, Richard Branson stated that the company was at the forefront of a growing industry and so far more than 41 million wallets have been opened on blockchain.com, making it one of the largest providers in the world in this respect. 

Blockchain is now one of the most established brands in the crypto industry worldwide, whereas Blockchain Ventures aims to invest in equity projects and tokens and provide legal, security, technical and financial support thanks to its team of experts. 

Blockchain Ventures is a subsidiary of Blockchain Luxembourg S.A., created to invest and support DLT projects that promote the development of the crypto sector with a positive effect on the company. In addition, its commitment is to contribute to the creation of an open, fair and accessible financial system, promoting revolutionary DLT based use cases that go beyond the purely financial ones. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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