Pulsar Venture Capital a company accelerator and also an early stage venture fund, has announced the launch of an initial coin supplying (ICO) to get a brand new VC fund which can accept capital from pre-qualified crypto-purchasers.
In Europe, the USA, and Asia, Pulsar Venture has an established proprietary deal flow from their partners who rank among some of the leading accelerators, incubators, enterprise capital, and angel investors.
The new fund's attention will shift and cryptocurrency, while the plan will involve climbing local startups internationally, into Europe, the USA, and Asia. The ICO is a new opportunity which will allow us to make investments in startups accessible and liquid.
The ICO will take place from October 30, 2017 until November 30, 2017. The ICO organizers expect to raise $30 million to invest in 30+ new early-stage startups in Europe and the US. The fund will be centered on blockchain/cryptocurrency, IT, IoT, and innovative materials. ICO participants will share in the upside from the 29 existing portfolio companies of Pulsar VC.
How will the Pulsar Tokens be distributed?
In the ICO campaign, Pulsar tokens will be issued to the Ethereum blockchain platform. Pulsar VC team comprises investors and experts in the USA, Russia, European and Asian nations, among whom are: Marvin Liao (Partner at 500 Startups), Bill Reichert (Managing Director at Garage Technology), Jeffrey Paine (Managing Partner, Golden Gate Ventures) and others.
Their finance team is set to perform this plan under the guidance of an experienced global group of handling partners in the USA, Russia, Ireland, the UAE, where the fund has a significant presence and is successfully incorporated into the local marketplace and innovation ecosystem.
Pulsar VC will buy back the tokens at a market cost each time an “exit” of a few of those portfolio companies happens or Pulsar VC receives any distributions or dividends from the portfolio businesses. Pulsar VC will employ such proceeds (less success fee) to purchasing back Pulsar tokens through a market platform.
About Pulsar Venture Capital
Pulsar Venture Capital is an early stage venture fund and a company accelerator ensuring proper conditions for implementation of innovative projects and ideas, developing high technology businesses. Pulsar VC is a pioneer among the top-performing Russian business accelerators in the UBI Global 2016-2017 ranking.
Over the past couple of years, Pulsar Venture Capital has organized annual acceleration plans to help startups enter global markets, as well as to select companies to be invested in with its capital. The finance and accelerator's investment strategy involves investing in early stage companies having the potential to enter the worldwide marketplace.
The Pulsar Venture Capital's main office is located in Kazan. Its representative offices can be found in Silicon Valley, Dublin and Dubai.
Pulstar Venture Capital offers new tokens so that investors can participate in the growth of the company as it extends its projects internationally. More details about Pulsar Venture’s ICO can be read via the company’s whitepaper that can be found on the brand’s website.