First dedicated Australian Bitcoin fund launched by seasoned digital investor group opens targeting global Bitcoin investments.
Melbourne, Australia /ACCESSWIRE / May 6th, 2014 / - The Future Capital Bitcoin Fund, an Australian headquartered investment firm, has launched a $USD30 million global investment fund investing in companies that are leveraging services based on Bitcoin and other cryptocurrencies.
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 FCBF Co-Founder & Chairman, Domenic Carosa.
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 have been involved with over 100 start-up companies, 4 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.
"This is a very exciting opportunity for global investors to participate in the Bitcoin ecosystem via Future Capital’s Bitcoin Fund. Australia has low sovereign risk and a globally trusted financial system," said Mr Carosa.
Applicants to the fund will be managed by Investment Manager Holger Arians, 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 cryptocurrency is probably the most disruptive innovation I have seen in the last 10 years. I believe that Bitcoins will change the way we live, travel and do business," said Mr Arians.
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.