TechFlow news — SPiCE VC has announced a new $250 million blockchain-focused fund, five times the size of its first fund, aimed at attracting institutional investors. The firm will also launch a roadshow in Dubai to attract potential backers.
The original SPiCE I fund was a $50 million tokenized vehicle—meaning the fund’s assets were converted into tokens to provide liquidity to investors—that began raising capital in 2017, when blockchain technology was largely applied within financial verticals. The fund's portfolio includes three companies that went public last year: digital securities platformINX Limited, online lottery platformLottery.com, and cryptocurrency exchangeBakkt.
SPiCE II comes as blockchain use has expanded into broader industries, including gaming, retail, healthcare, and supply chain management.
