VC fund alert: New $100M Florida fund to invest in blockchain ventures

From time to time, this blog will bring you news from around the state that could prove useful to Miami’s tech community.
Global Blockchain Venturesannounced it is launching a $100 million blockchain technology focused venture capital fund, a first for Florida. Lead investor Stonegate Digital Capital Group has committed a seven-figure investment to seed the new fund, which is based in Orlando.
The Global Blockchain Ventures Fund will focus on investments in blockchain technology as well as Internet of Things, med-tech and AI. GBV is led by Al Weiss, David Metcalf, Max Hooper and Dieter Kondek, who together have experience in venture capital and entrepreneurial ventures as well as corporate success with companies such as Disney, IBM, Dell, NASA and Techdata.
 “My partners and I truly believe and understand this technology and we are excited to fuel innovation in blockchain and distributed ledger technology. This technology has vast potential for beneficial and practical use cases for economic growth and positive social impact,” said Weiss, chairman and general partner of GVB, in a statement. Weiss had a 39 year career at Disney, most recently as president of worldwide operations.
Global Blockchain Ventures plans to leverage its alliance with consultancy Blockchain Financial Group. GBF also has a close partnership with the University of Central Florida and its Mixed Emerging Technology Integration Lab, which is led by Metcalf, who also founded and managed a NASA spinoff.
 “We’ve assembled a dream team of leaders in finance and technology that will accelerate blockchain innovations from across the globe,” Metcalf said. “Our platform goes well beyond cryptocurrency investment to unlock the power of blockchain to transform our world, particularly health, education, and enterprise systems.”
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Nancy Dahlberg