TechFlow News — On March 3, according to Globe Newswire, Arcanum Capital, under the Arcanum Emerging Technologies Fund I ISA, announced that its first venture capital fund has closed oversubscribed, increasing its fundraising target from an initial $10 million to $12 million.
Key investors in the fund include Draper University Ventures, Sandeep Nailwal, co-founder of Polygon, and Swiss asset management firm Tavis Digital. Other participants include Bybit’s investment arm, Mirana Ventures, Ragnar Digital Investments founder, SevenX Ventures, Quarkchain Foundation, Foresight Ventures, and Polygon Studios.
According to the announcement, Arcanum Emerging Technologies Fund I ISA provides seed and Series A funding for blockchain technology companies in emerging markets, with a primary focus on India.
