Equilibrium Group has launched its venture capital division, Equilibrium Ventures, aiming to raise over $30 million for its first fund

ChainCatcher news, blockchain engineering company Equilibrium Group has launched its venture capital arm Equilibrium Ventures and its first early-stage fund Equilibrium Ventures Fund I.

Mika Honkasalo, the investment partner of Equilibrium Ventures Fund I, revealed that the company is seeking to raise €30 million (approximately $32.5 million), and has already raised about 20% (or $6.5 million) in the initial fundraising, with the expectation to complete the full fundraising by the end of this year.

Honkasalo stated that the fund's supporters include Equilibrium Group itself, as well as Sebastien Borget from The Sandbox, Mask Network, and Jigeum Capital. Honkasalo mentioned that they aim to invest in startups focused on technology and infrastructure, particularly those working in the fields of zero-knowledge fully homomorphic encryption and other new cryptographic technologies.