Eden Block, a blockchain-focused VC agency with places of work in London and Tel-Aviv, and the Solana Foundation at present introduced a funding effort of as much as $16 million to advance the Solana ecosystem in Israel.
With this specialised new fund, Eden Block and the Solana Foundation will put money into pre-seed and seed-stage blockchain firms out of Israel. This follows the closing of Eden Block’s first $30 million funding fund, targeted on pre-seed and seed-stage groups.
Besides, the Solana Foundation lately arrange a $20 million funding fund to advance its ecosystem in Korea and a earlier $60 million in funding for comparable tasks in Brazil, Russia, India, and Ukraine.
The Eden Block funding thesis targets 5 areas of decentralized innovation. These are constructing web3, digital communities, the way forward for finance, gateways to crypto, and bridges to the true world.
Eden Block has a repute as a novel early associate for disruptive blockchain and crypto platforms, with a portfolio that features early investments in Vega, Nym, Biconomy, and Pocket Network. A previous portfolio firm, Chainspace, was acquired by Facebook as a part of their Diem stablecoin venture.
“With this new fund, Eden Block intends to aggressively scale local innovation through one of the fastest-growing, global ecosystems in crypto.”
– Lior Messika, Managing Partner of Eden Block