$90 Million Chinese VC Group Invites US ICOs to Apply for Funding

$90 Million Chinese VC Group Invites US ICOs to Apply for Funding

Node Capital, a Beijing based venture capital (VC) company, has announced that it will be scouring the North American market with 200,000 ETH earmarked for investment in the hope of finding the next blockchain unicorn.

Despite the spectre of tariff threats in the current trade stand-off between the US and China, Node Capital are pursuing their business objectives with a purse equivalent to over $90 million.

Local Advantage

Recent sponsors of last month’s Silicon Valley Blockchain Week, Node Capital already have a track record of partnering with new start ups operating within the space.

As well as the long standing co-operation with Huobi exchange, recent ICO additions include Gifto, IOST and Zilliqa.

Shi Xiangyu, a venture partner at Node Capital, explained that they were looking to deploy the new investment capital where local advantage would apply and suggested that “…technology, exchanges and media will all be good opportunities.”

To help find the next company to join the Node Capital stable, they will be hosting five Hackathon events in Los Angeles, New York, Toronto, Silicon Valley, and Chicago. The top three competing teams will have the opportunity of partnering with the VC fund.

For entrepreneurs who are unable to attend, the Node Capital website contains a simple form where business proposals can be submitted online.