Firm Launches Large Investment Fund
New Investment Fund Based in Australia
The Future Capital Bitcoin Fund (FCBF) an Australian headquartered investment firm, has launched a $USD30 million global investment fund.
The FCBF is investing in companies that are leveraging services based on Bitcoin and other crypto-currencies.
Led by seasoned digital entrepreneur, investor and Fund Manager Domenic Carosa, the FCBF is Australia’s first dedicated Bitcoin investment fund.
The fund will source opportunities globally for companies facilitating payments, exchanges, trading and smart property rights based around the Bitcoin digital currency ecosystem.
“Bitcoin has the potential to dramatically alter the manner in which transactions take place across the globe and the power to create new modes of financial connectivity, seamlessly across borders,” said Mr Carosa.
The fund, which is operational from May, is currently accepting investments from investors around the globe in AUD, USD, RMB and Bitcoin (BTC).
The FCBF team has investment and operational experience with Internet, mobile and tech start-ups along with specialist transactional and payment authentication expertise.
With over 50 years of collective investment and funds management experience, the team has been involved with over 100 start-up companies and four previous funds, managing and raising more than $150m in investment, growing businesses from $0 to $100m in revenue and listing them.
Bitcoin is a global phenomenon, and the Australian-based team has global experience across Silicon Valley, Hong Kong, The Netherlands and Germany.
Applicants to the fund will be managed by Investment Manager Holger Arians, who is experienced in corporate finance and strategy, supported by Fund Manager Remco Marcelis, a seasoned tech company CFO/COO and venture capitalist.
“The concept of a global crypto-currency is probably the most disruptive innovation I have seen in the last 10 years,” Mr Arians said. “I believe that Bitcoins will change the way we live, travel and do business.”
The FCBF Fund is conditionally registered as an Early Stage Venture Capital Limited Partnership (ESVCLP) under the Australian Venture Capital Act 2002, which will provide investors in the FCBF fully tax free returns, on income and capital account.
The rise in popularity of Bitcoin over the last three to five years is due in large part to the growing ecosystem of companies that are both supporting it and looking to enable opportunities in and around the core currency and protocol.