The Portuguese are running a new 26 million euro blockchain-focused fund

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Led by three Portuguese, the Lightshift I fund involves some of the main investors in the sector.

Lightshift Capital announced the launch of a new fund of 30 million dollars (the equivalent of approximately 26 million euros), focused on blockchain.

According to Pessoas, although not a Portuguese fund, Lightshift I is led by Portuguese Simão Cruz, CEO and Founding Managing Partner, David Nogueira, CTO and Founding Managing Partner, and Roberto Machado, Founding Partner , and also has the participation of some of the leading investors in the sector. Diogo Mónica (Anchorage Digital – the seventh unicorn with national DNA), Gavin Wood (founder of Ethereum and Polkadot), Marc Andreessen (a16z) and DCG (Digital Currency Group) are among the investors participating in this fund.

“The three founding partners want to contribute their investment and expertise in the technology and product, having created and participated in successful blockchain applications and communities.”

The strategy of this new early stage fund focuses on digital assets and decentralized financial services, presenting itself as a community of creators and experts in this technology, with the aim of developing the next generation of use cases of the blockchain.

Lightshift, which aims to be the best platform to support the next generation of blockchain, crypto and web3, focuses on participating in decentralized projects and investing in their tokens.

“The fund invests in the early stages of development and relies on engineering teams to accelerate and strengthen its portfolio of companies. These teams are an integral part of the development process by coordinating other creators towards a common vision. »

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