OMERS-Backed Venture Looks to Raise $50M for Blockchain

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CBJ — Ethereum Capital, which has the backing of OMERS, is looking to raise $50 million for its blockchain enterprises.

Ethereum Capital wants to become the central business and investment hub for the Ethereum ecosystem, which underpins a wide variety of blockchain-based startups.

The company says it plans to both acquire ether, a type of crypto-asset that helps run the Ethereum platform, and controlling stakes in Ethereum-based businesses.

Ethereum Capital’s board of directors includes leadership from OMERS, Purpose Investments, Citizen Hex and L4 Ventures.

@CanBizJournal

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