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The encryption venture capital fund Frachtis has completed fundraising of 20 million USD.
According to ChainCatcher news and reports from The Block, the former Chorus One executive team has established a new crypto venture capital fund called Frachtis, focusing on the intersection of Blockchain and artificial intelligence, and has completed a fundraising of 20 million dollars. Frachtis will invest in decentralized infrastructure, middleware, and consumer applications, and has currently laid out eight projects including Hyve, Turtle.Club, and Bless network. The limited partners of the fund include Chorus One, cyber•Fund, RockawayX, and Theta Blockchain Ventures.