BlockTower and BPI France : New $150M crypto fund launched

With the support of BPI France, New York-based BlockTower is launching a $150 million fund to invest in the blockchain and crypto sector.

BPI France is a public investment bank that is a French business financing and development organization that has already invested in some crypto projects like Kryll.

Supported by Mass Mutual, VanEck Equities, Circle, Mass mutual or the public investment bank BPI France, the fund operated, discreetly, since last December and focuses its investments in DeFi projects and blockchain infrastructure through sales of shares but also digital coins.

BlockTower has raised the full amount in just a few weeks, according to Thomas Klocanas, the company’s general partner. The fundraising occurred in the fall of 2021.

The investment fund says it is ready to invest $500,000 to $6 million in promising blockchain projects, with the company targeting a stake of 5% to 10% on the equity side or 2% to 5% on the token side, Thomas Klocanas tells The Block media.

This year, BlockTower made an investment in Aptos, a startup founded by Meta alumni that is developing an L1 blockchain. The VC has also invested in projects like Goldfinch, Ren labs and Lighthouse Labs.

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Article written by: Laeti Marison (SatoshiBelle)

Laeti Marison, also known as SatoshiBelle, is a multifaceted professional with a passion for community management, content creation, and digital marketing. With a diverse background in various roles, Laeti has consistently demonstrated her expertise and dedication in the field. Recognizing her potential, Laeti then took on the responsibilities of a Project and Community Manager at Magna Numeris and Cartam from November 2018 to March 2021. In this role, she showcased her ability to successfully lead projects and foster strong relationships within the community. Currently, Laeti serves as an SEO content writer, Digital Marketing Manager, and co-founder at Trendingcrypto.news magazine, starting from February 2022 till now. Through her expertise in digital marketing and her passion for the crypto industry, she has contributed to the success of the magazine, ensuring its content remains relevant, engaging, and informative.