At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1.” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments.

On October 6, 2020, the Los Angeles-based venture studio Draper Goren Holm revealed the launch of a new blockchain and fintech fund at the annual LA Blockchain Summit.

The studio Draper Goren Holm is basically a partnership between Josef Holm, Alon Goren, and the well known venture capitalist Tim Draper. The company is focused on incubating startups that are working in fintech and creating blockchain solutions. For instance, news.Bitcoin.com reported on Draper Goren Holm’s WordPress plugin that gives anyone the ability to create a crypto exchange on a WP-based site.

At the LA Blockchain Summit the three founders discussed the new blockchain and fintech venture called “Fund 1.” The initial investment strategy will be to invest in novel…

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Source: https://news.bitcoin.com/tim-drapers-venture-studio-triple-down-blockchain-25m-fund/