HTC-backed Proof of Capital launches $50m blockchain fund

Cryptocurrency mining machines sit in operating racks at the home of Dmitry Gutov, a Russian cryptocurrency ‘miner,’ in Krasnogorsk, Russia, on Thursday, Sept. 7, 2017. Photographer: Andrey Rudakov/Bloomberg

Proof of Capital, a VC backed by Taiwanese tech giant HTC, has launched a $50 million blockchain fund, according to a statement.

The other LPs in the fund include Youtube co-founder and former Horizons Ventures executive, Steve Chen; Twitch co-founder, Kevin Lin and Ripple’s former chief risk officer Greg Kidd.

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