A16z and Sequoia-backed blockchain fund seeks TSX listing
Polychain Capital, a blockchain technology hedge fund manager backed by U.S. venture capital firms Andreessen Horowitz (a16z) and Sequoia Capital, is planning to launch an initial public offering in Canada, according to a report by Bloomberg. Polychain, which invests in blockchain-based digital assets, aims to raise about $400 million (US$325 million) and list on the Toronto Stock Exchange, the report said. San Francisco-based Polychain was founded in 2016 by CEO Olaf Carlson-Wee. The fund manager's other backers include U.S. venture capital firm Union Square Ventures.
29 January 2018•1 min read
