Iconium, a Milan, Italy-based blockchain focused investment company, held the first close of its €5m capital increase.
Backers included unnamed entrpreneurs, private equity firms and finance managers.
Co-founded in 2018 by Fabio Pezzotti, Luciano Serra, Thomas Baggio, Marco Costa and Antonio Chiarello, Iconium selects and invests in Blockchain-and Cryptocurrency-driven projects and Initial Coin offerings (ICOs) through a team dedicated to the identification, selection and validation of the best opportunities in the world.
The company has also started participating in projects based on crypto and digital tokens including those focused on privacy and decentralization, web browser based on blockchain, decentralized exchanges, supply chain, Stable Coin, digital identity projects.
According to the website, the portfolio already includes such projects as Everex, Dock.io, Zilliqa, eidoo, Aidcoin, cashaa, utrust, Binance, Tron, Wax, Vechain, among others.
In addition, Iconium is in advanced talks to participate in a global crypto fund.