Investors from Russia are launching a venture fund formed on blockchain


Share with:

Classic venture fund Capinvest 21 together with a group of Asian investors (Asia LP) are launching a venture fund formed on Blockchain technology called FinShi Capital, which will be formed with the help of an ICO, using only cryptocurrency. FinShi Capital’s focus are investments in Blockchain and fintech projects on seed and A rounds.   

FinShi Capital is the third venture fund formed by Capinvest 21’s team. In 2015 they launched a one million dollars seed fund, and then in 2016 they formed the second fund with one hundred million dollars. Capinvest 21 has been operating since 2008, they have offices in Russia, Cyprus and Singapore. Their current portfolio contains 7 startups.

According to Capinvest 21’s managing partner Andrey Orlov, the main issues that scare venture investors off Blockchain and cryptocurrency are complicated legal implementation, imperfection of legal structure and mixed feelings that classic investors have about Blockchain. It took half a year to figure out the first two and now all that is left before launching the fund are some small technical issues.

Investors who can invest in a fund during crowdsale have several advantages of those who work with classic venture funds. First of all, it is the quality of projects’ selection and management: the team of experts with solid experience in venture business will carefully choose promising startups.


All in all, the fund will invest in 15 to 30 projects, which afterwards will get guidance on development and value growth.

It’s no secret that the more popular ICOs become the more fraud projects appear. The experts would never select suspicious projects. Secondly, there is no way for an investor to become a fund’s partner with only one dollar in his pocket, because usually funds would greet you as a partner only if you have at least half a million dollars. And finally, classic venture fund’s investors don’t have an opportunity to exit at any time, while FinShi Capital partners can sell the increasing in price tokens whenever they like, or they can choose to keep them to get dividends. The fund will work for 2 years, and is expected to have more than 520% per annum income.

To find out how demanding this kind of fund is among private and corporate investors, Capinvest 21 will launch pre-ICO in June, and then ICO in July, 2017.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

Visit Website
View All Articles