A100x Launches Rolling Fund To Bring Inclusion To Emerging Technology InvestingMarch 2, 2021
A100x has launched a rolling venture fund committed to investing in companies that apply blockchain, AI and other emerging technologies to promote environmental, social and economic impact.
The fund is run by Alex Bulkin, co-founder of CoinFund and a former technologist at Goldman Sachs, and Nisa Amoils, Grasshopper Capital and Scout Ventures alum, securities and corporate lawyer, and digital asset columnist and a host of other digital asset programs. A100x’s advisory board includes Sandra Familet, Rumi Morales, Kenny Rowe, Nitin Gaur and Kevin Goldstein, who are all known executives in the blockchain sector. In the past, the A100x team has invested in many successful important sector companies including Dapper Labs, Messari, Protego Trust, Coinlist, Securitize, Staked, BlockFi, Cadence and others.
According to A100x, its rolling fund offers more flexibility than other fund set ups, as the structure enables:
- Fund managers to raise new capital commitments regularly and invest as they go, deploying capital to entrepreneurs faster.
- Lower minimums for investors who want to access VC assets and capitalize on the quarters that they are committed to, with the optionality to discontinue their subscription at the end of the period.
- In the case of A100x, improve diversity and inclusion among investors by reserving a limited number of LP seats for women and minority investors who wish to make low minimum allocations and still participate in the venture capital asset class.
“We are excited that we can bring a more diverse investor base into this fund and asset class,” said Amoils, Partner at A100x. “We are united with AngelList on the democratization of venture capital and capital formation. We want to provide access to investors to a diverse portfolio with exposure to companies leveraging blockchain technology for impact across industries, not just in financial services.”
To date it seems that “rolling funds” are a bit under-covered, yet they are picking up a ton of momentum right now, particularly in the blockchain/crypto world.
“We are thrilled to launch A100x and invest in founders that understand innovation and are working to apply new technologies such as blockchain to solve pressing problems that were previously untenable,” said Bulkin, Partner at A100x. “Our goal is to find and support truly disruptive and impactful ideas, while remaining realistic and diligent concerning technical feasibility and market fit. The fund will give our investors exposure to early stage companies that will create significant economic and social value over the next few years.”
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