NextBlock Global is a Toronto-based digital asset investment fund that just raised $20 million in capital. Find out how NextBlock claims to work today in our review.
What Is NextBlock?
NextBlock, or NextBlock Global, just announced the closing of a $20 million financing round. The company is led by Alex Tapscott, the bestselling author of Blockchain Revolution and a former investment banker. Tapscott is the founder and CEO of the company.
After closing this latest investment round, NextBlock is now officially one of the world’s leading institutional investments in the digital asset space.
NextBlock is based in Toronto, Canada, which is quickly becoming one of the world’s hub for blockchain innovation.
“Toronto has a deep pool of world-class talent, innovative regulators and banks, and some of the best blockchain startups in the world, and we are excited to contribute to this growing ecosystem”, explained Tapscott in a recent press release.
The funding round closed on July 31.
The company’s official website can be found at NextBlock.co. However, there’s virtually no information available at that site: the company just has two links. One link sends you to an email address for general inquiries, and the other sends you an email address to join the company’s team. Aside from that, there’s no additional information about the company.
(Do not get NextBlock Global confused with NextBlock.com, which appears to be a local neighborhood website for residents of Los Angeles).
NextBlock Products & Services
In an initial press release, NextBlock founder Alex Tapscott described how the future isn’t meant to be predicted: it’s meant to be achieved.
With that in mind, NextBlock plans to focus on investments in the digital asset space. Like similar companies, NextBlock will likely use its enormous pool of capital to invest in ICOs.
ICOs have made the world of venture capital virtually unrecognizable. Blockchain entrepreneurs have bypassed traditional industry gatekeepers to raise money all on their own. So far, ICOs have raised over $1.5 billion in 2017 alone.
Tapscott and NextBlock have not announced plans to invest in any specific ICOs or digital asset industries. The next step, however, is to deploy capital, give investors diversified exposure, and start making promising investments in the space.
NextBlock is based in Toronto, Ontario, Canada. The company is led by Founder and CEO Alex Tapscott, best known for co-authoring Blockchain Revolution. Tapscott is a former investment banker.
In July 2017, the company raised $20 million in funding, making it one of the best-funded investors in the space.
NextBlock was co-founded by Charlie Morris, who will be the company’s Chief Investment Officer.
NextBlock is a digital asset investment firm that just recently raised $20 million in funding. The Toronto-based company has little information about itself available online, and they haven’t indicated any particular investments or opportunities, or industries in which they wish to invest.
Stay tuned for more information about NextBlock Global as the fund begins to roll out its capital.