Different venture companies are starting to place their investments in cryptocurrencies and other blockchain-related businesses. It seems that Venrock, Rockefeller’s family venture capital firm, has started to invest in cryptocurrencies.
Venrock Invests in Bitcoin and Cryptocurrencies
Rockefeller’s venture capital firm has an impressive amount of money available ready to invest it in cryptocurrencies. Indeed, it is managing over three billion dollars. The company started to operate almost 50 years ago with just one-million-dollar capitalization. Now is one of the most important and recognized Venture firms all over the world.
Venrock could be improving several crypto enterprises that are searching for financial support. Indeed, the venture company was able to find very successful start-ups during its history. Indeed, they have invested in Intel and Apple before they were the companies that they are now.
The venture firm has partnered with CoinFund, an important cryptocurrency investor group. The main intention is to help businesses build projects on blockchain technology.
Jake Brukhman, CoinFund co-founder, said that they are going to support the teams in the space, work closely with all the parties involved, and help performing all the possible activities between these two enterprises.
Both representatives, Brukhman and Pakman are convinced about the benefits that blockchain technology could provide to enterprises and companies from different industries. Indeed, at UseTheBitcoin we have written several times how enterprises – and even governments – are using distributed ledger technology to improve products and services.
Rockefeller’s incursion into the cryptocurrency space has generated excitement in the cryptocurrency community. For good or for bad, important players are entering the virtual currency market, and that’s something that could allow the environment to get more mature.
At UseTheBitcoin we reported that Coinbase launched a cryptocurrency and blockchain venture firm. The main purpose is to support new cryptocurrency or blockchain start-ups that have the possibility to have a great future.
The official Coinbase press release reads as follows:
“At least in the beginning, our goal is simply to help the most compelling companies in the space to flourish. This means that we don’t have the strategic requirement of formalizing partner relationships with such companies, as some corporate venture programs do.”
Image Pixabay and Venrock