The Future Capital Bitcoin Fund has launched a $30 million fund targeting companies that leverage services based on bitcoin and other crypto-currencies. The fund, led by Domenic Carosa, will source opportunities for companies facilitating payments, exchanges, trading and smart property rights based on bitcoin digital currency ecosystem.
The Future Capital Bitcoin Fund (FCBF), an Australian headquartered investment firm, has launched a $USD30 million global investment fund investing in companies that are leveraging services based on Bitcoin and other crypto-currencies.
Led by seasoned digital entrepreneur, investor and Fund Manager Domenic Carosa, the FCBF is Australia’s first dedicated Bitcoin investment fund. The fund will source opportunities globally for companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin digital currency ecosystem.
“Bitcoin has the potential to dramatically alter the manner in which transactions take place across the globe and the power to create new modes of financial connectivity, seamlessly across borders,” said FCBF Co-Founder & Chairman, Domenic Carosa.
The fund, which is operational from May, is currently accepting investments from investors around the globe in AUD, USD, RMB and Bitcoin (BTC), and is also open to receiving expressions of interest from companies interested in applying for investment from the fund.
The FCBF team has investment and operational experience with Internet, mobile and tech start-ups along with specialist transactional and payment authentication expertise. With over 50 years of collective investment and funds management experience, the team have been involved with over 100 start-up companies, 4 previous funds, managing and raising more than $150m in investment, growing businesses from $0 to $100m in revenue and listing them. Bitcoin is a global phenomenon, and the Australian-based team has global experience across Silicon Valley, Hong Kong, The Netherlands and Germany.
“This is a very exciting opportunity for global investors to participate in the Bitcoin ecosystem via Future Capital’s Bitcoin Fund. Australia has low sovereign risk and a globally trusted financial system,” said Mr Carosa.
Applicants to the fund will be managed by Investment Manager Holger Arians, experienced in corporate finance and strategy supported by Fund Manager Remco Marcelis, a seasoned tech company CFO/COO and venture capitalist.
“The concept of a global crypto-currency is probably the most disruptive innovation I have seen in the last 10 years. I believe that Bitcoins will change the way we live, travel and do business,” said Mr Arians.
The FCBF Fund is conditionally registered as an Early Stage Venture Capital Limited Partnership (ESVCLP) under the Australian Venture Capital Act 2002, which will provide investors in the FCBF fully tax free returns, on income and capital account.
“We view the emerging Bitcoin ecosystem as an investment opportunity that has transformative potential across a raft of social, technology- based and cultural applications and we see great scope for the broader adoption of Bitcoin and its related applications to redefine the global payment status quo,” Mr Carosa added.
The rise in popularity of Bitcoin over the last three to five years is due in large part to the growing ecosystem of companies that are both supporting it and looking to enable opportunities in and around the core currency and protocol.
“We are already actively participating in the evolving Bitcoin space and we see that it is at an inflection point and ready for seasoned investors to assist in bringing financial and entrepreneurial experience to this market,” Mr Arians said.
Mr Arians will be attending the Global Bitcoin Summit in Beijing from 10-12 May and Mr Carosa will be attending the European Bitcoin Conference in Amsterdam from 15-17 May to promote the fund.
The Future Capital Bitcoin Fund (FCBF) is a $USD30 million fund, launched in May 2014, to make equity investments, globally, into companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin and other digital currency ecosystem. The fund is conditionally registered as an Early Stage Venture Capital Limited Partnership (ESVCLP) under the Australian Venture Capital Act 2002, providing investors fully tax free returns. Potential investors should always obtain their own independent financial and taxation advice.DON'T MISS IT! After two successful conferences on the East Coast, we’re bringing our LPs and fund managers to San Francisco for the first annual Emerging Manager Connect West on May 11. Don’t miss out on insightful panels and great networking! CLICK HERE for details.