Switzerland-based Pangea Blockchain Fund launches with $22M seed round

Pangea Blockchain Fund has raised $22 million in its seed round and announced the debut of its inaugural International fund focused on transformative blockchain solutions.

The funding round saw participation from Lugano-based financial services group Copernicus and Bitcoin.com owner Roger Ver. Copernicus is also acting as investment manager for the Fund.

Based in Switzerland, Pangea Blockchain Fund will offer intellectual and financial capital to exceptional early-stage blockchain companies across the globe. It expects fundraising to be capped at $200 million.

According to the official release, the fund’s Swiss-based investment adviser, Blockchain Investment Advisory Sagl, is led by a team of established asset management and blockchain industry veterans including founders James Duplessie and William Duplessie. The U.S.-based sub-adviser, Blockchain Investment Advisory LLC, is managed by Jason Bonayer, Stephen Duplessie, Philip Plough and Jeffrey Engel.

James Duplessie said that the name ‘Pangea’ was chosen as it means ‘whole earth’ and highlights the team's intention to “use blockchain as a means to provide unifying and transformative change to the world.”

“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,” he said. “Our team’s investment thesis is based on the profoundly important reality that blockchain will fundamentally alter the way society collaborates, transacts, governs and brings new concepts to life.”

Blockchain Investment Advisory Sagl plans to soon debut its Swiss-based incubator, Ticino Labs. Innovations hosted and curated within this entity will provide access to unique investment opportunities unavailable to other market participants.