{"id":174149,"date":"2021-02-09T18:57:37","date_gmt":"2021-02-09T15:57:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ideo-colab-ventures-files-with-sec-for-new-100m-crypto-fund\/"},"modified":"2021-02-09T18:57:37","modified_gmt":"2021-02-09T15:57:37","slug":"ideo-colab-ventures-files-with-sec-for-new-100m-crypto-fund","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ideo-colab-ventures-files-with-sec-for-new-100m-crypto-fund\/","title":{"rendered":"# IDEO CoLab Ventures files with SEC for new $100M crypto fund"},"content":{"rendered":"

“# IDEO CoLab Ventures files with SEC for new $100M crypto fund <\/strong>”
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IDEO, an American design and innovation consultancy firm, has filed for a new cryptocurrency fund through its blockchain-oriented venture capital subsidiary.<\/p>\n

IDEO CoLab Ventures, an early stage investment fund focused on blockchain development, has applied<\/a> Tuesday for a new crypto fund with the United States Securities and Exchange Commission, or SEC.<\/p>\n

Called \u201cIDEO CoLab Crypto Fund II LP,\u201d the new fund has a total offering amount of $100 million. The app<\/a>lication was filed by IDEO CoLab managing director Joe Gerber.<\/p>\n

The SEC filing follows IDEO CoLab’s \u00a0announcement<\/a> of a $21 million early-stage crypto fund from in October 2020. The new fund is backed by executives from major cryptocurrency players like Coinbase as well as companies like Twitter<\/a>, Fortress, and IDEO itself. Other backers include major investors like Avanta Ventures, GS Group, Hanwha Asset Management, Fineqia, and others.<\/p>\n

As previously announced, IDEO CoLab helped incubate over 30 crypto startups since making their first investment in 2018. Some of IDEO\u2019s industry investments reportedly<\/a> include digital asset trading platform FalconX and Handshake, a decentralized naming and certificate authority.<\/p>\n

Taehong Huh, Managing Partner at GS Group\u2019s GS Futures, said that IDEO Colab is perfectly positioned to lead the movement supporting industry collaboration between between investors, entrepreneurs, designers, policymakers, and corporations.<\/p>\n

\u201cWe believe that the disruptive nature of blockchain technology<\/a> is still underappreciated by the public, including corporations like ourselves, as it has not yet been translated into broadly desirable products or experiences,\u201d he said.<\/p>\n