TechFlow news — According to The Block, blockchain engineering firm Equilibrium Group has launched its venture capital arm, Equilibrium Ventures, along with its first early-stage fund, Equilibrium Ventures Fund I.
Mika Honkasalo, Investment Partner at Equilibrium Ventures Fund I, revealed that the fund aims to raise 30 million euros (approximately $32.5 million), and has already secured around 20% of that target ($6.5 million) in its initial close, with full fundraising expected to be completed by the end of this year.
Honkasalo said the fund's backers include Equilibrium Group itself, as well as Sebastien Borget of The Sandbox, Mask Network, and Jigeum Capital. Founded in 2018, Equilibrium Group has been making investments from its balance sheet since 2020, and establishing a dedicated venture capital division has been part of its long-term plan.
