California-based 1confirmation is looking to raise up to $20m for its maiden venture capital fund.
The vehicle, 1confirmation Fund, has yet to register any commitments to the fund, according to the latest US Securities and Exchange Commission filing. However, an article by Forbes states the company has received an investment to the fund from Dallas Mavericks owner Mark Cuban.
Confirmation is an investment firm which aims to support blockchain companies looking to decentralise the web and society.
The firm, founded by Nick Tomaino, offers capital, business development and community building expertise to the company’s it invests in.
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