Lightshift Capital have announced the launch of a new fund of $30 million dollars (the equivalent of about €26 million euros), focused on blockchain.

According to Pessoas, despite not being a Portuguese fund, Lightshift I is led by Portuguese Simão Cruz, CEO and founding managing partner, David Nogueira, CTO and founding managing partner, and Roberto Machado, founding partner, and also has the participation of some of the main investors in the industry. Diogo Mónica (Anchorage Digital — the seventh unicorn with national DNA), Gavin Wood (founder of Ethereum and Polkadot), Marc Andreessen (a16z) and DCG (Digital Currency Group) are some of the investors participating in this fund.

“The three founding partners want to contribute their investment and expertise in technology and product, after having created and participated in successful blockchain applications and communities”.

The strategy of this new early stage fund focuses on digital assets and decentralised financial services, presenting itself as a community of creators and experts in this technology, with the aim of developing the next generation of blockchain use cases.

Lightshift, which aims to be the best platform to support the next generation of blockchain, crypto and web3, is focused on participating in decentralised projects and investing in their tokens.

“The fund invests in the early stages of development and leverages engineering teams to accelerate and empower its portfolio of companies. These teams are an integral part of the development process coordinating other creators towards a common vision.”