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The co-founder of Aeternity raises 100 million euros for a venture capital fund focusing on emerging markets

June 15, 2020

On June 15th, the co-founder of Aeternity Blockchain, Nikola Stojanow announced a new venture capital fund of 100 million euros ($ 112.5 million) focused on that Blockchain development in emerging markets.

Meta Change Capital (MCC) asserts that will work on projects on all next generation blockchains, Provision Series A funding and beyond. It currently secures investors and will complete its first round of financing in the fourth quarter of 2020.

Greater potential for change

MCC will support blockchain opportunities in underdeveloped regions of Europe, Asia, MENAs and Africaespecially in the areas that benefit the most from capital. Stoyanov said: “I see the greatest potential and supply of talent in countries where blockchain has a crumbling or nonexistent and / or old infrastructure.”

The co-founder of Aeternity raises 100 million euros for a venture capital fund focusing on emerging marketsThe co-founder of Aeternity raises 100 million euros for a venture capital fund focusing on emerging markets

Luka Sucic, former head of investment and acceleration at AE Ventures, joined the new company. AE Ventures is the investment arm founded by Stojanow for entrepreneurs who build companies with Aeternity Blockchain.

Stojanow and Sucic jointly developed the decentralized accelerator program Starfleet while at AE Ventures and hope to repeat their successes at MCC.

As Cointelegraph reported last month Aeternity has launched a tip platform for cryptocurrencies for social media creators and partners of the Indian government Promote the growth of blockchain technology in the country.