Cardano Developer IOHK Launches $20M Fund for Ecosystem Startups

[Tnoy30]

Cardano developer house IOHK has set up a $20 million “cFund” alongside Los Angeles-based Wave Financial.

The fund has a broad remit to invest in startups and early-stage businesses that use Cardano and other IOHK tech initiatives – such as enterprise blockchain ATALA.
Commits will range between $250,000 and $500,000 for either equity or token stakes.
The cFund is a 50/50 venture: IOHK has already put in the "anchor" $10 million, and Wave plans to raise the other half from external investors.
Read on: https://www.coindesk.com/cardano-developer-iohk-launches-20m-fund-for-ecosystem-startups