China’s Node Capital Raises US$90 million Fund to Invest in U.S. Blockchain & Crypto Companies

Node Capital has raised a 200,000 ETH fund or US$90 million and is looking west for investment opportunities in some of America's most promising blockchain and cryptocurrency companies.
Node Capital has raised a 200,000 ETH fund or US$90 million and is looking west for investment opportunities in some of America’s most promising blockchain and cryptocurrency companies.

Hong Kong, CHINA – Beijing-based Node Capital has revealed that the firm intends to expand into the U.S. market with a 200,000 ETH (Ethereum) fund or about US$90 million based on an average price of US$450 for 1 ETH. According to a WeChat (Chinese social media, mobile payment and messaging app) post, the company announced that it would be expanding into the U.S. market without specifying a time frame for the expansion. Node Capital is also an investor in HBUS, cryptocurrency exchange Huobi’s strategic partner.

A list of some of the companies taking part in the Blockchain Connect Conference held at the San Hose Convention Center from June 26 to 27.
A list of some of the companies taking part in the Blockchain Connect Conference held at the San Hose Convention Center from June 26 to 27.

Node Capital was also the co-sponsor at the Blockchain Connect Conference held at the Santa Clara Convention Center over two days from June 26 to 27, along with several other notable investment funds including Y Combinator and Sequoia Capital. Node Capital has invested in over 160 cryptocurrency companies, with an overwhelming 80 percent of these based in China. Notable investments include one of the world’s largest cryptocurrency exchanges by trading volume Huobi, which is based in Singapore as China has banned cryptocurrency exchanges from operating there, Chinese news platform Jinse and Bitcoin hardware wallet ColdLar. One of the firm’s partners, Jun Du was also an early investor into cryptocurrencies, having co-founded the Huobi cryptocurrency exchange with Li Lin, CEO of Huobi Group in 2013.

Node Capital partner and co-founder of cryptocurrency exchange Huobi, Jun Du.
Node Capital partner and co-founder of cryptocurrency exchange Huobi, Jun Du.

Node Capital had a stellar 2017, investing in the initial coin offerings (ICOs) of some of the biggest ICO darlings last year, including US$1 million in companies such as, Zilliqa, a high performance smart contract platform, Huobi, consistently ranked among the world’s top cryptocurrency exchanges by market volume and Gifto, a decentralized, universal gifting protocol. Node Capital also invested in the seed round of Aelf, a decentralized cloud computing blockchain network. With the 200,000 ETH, Node Capital will certainly have the flexibility to take part both in pre-ICO private sales as well as other forms of direct investments in some of the most promising cryptocurrency and blockchain companies based out of the United States.