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Fenbushi Capital Has Announced a $15+ Million USD Investment Fund in Collaboration With Protocol Labs

Amy Liu

Summary: According to an announcement by Filecoin today, in collaboration with Protocol Labs, Fenbushi Capital has announced a $15+ million USD investment fund in the IPFS and Filecoin ecosystem. The mission of the fund is to drive the growth of the IPFS and Filecoin ecosystems. Fenbushi Capital will be responsible for all aspects of financial management ...

According to an announcement by Filecoin today, in collaboration with Protocol Labs, Fenbushi Capital has announced a $15+ million USD investment fund in the IPFS and Filecoin ecosystem. The mission of the fund is to drive the growth of the IPFS and Filecoin ecosystems. Fenbushi Capital will be responsible for all aspects of financial management relating to the Fenbushi Ecosystem Fund and Protocol Labs will undertake a technical advisory role. The fund has a 2% per annum management fee and charges 20% interest while the terms are 5 years.

By Amy Liu

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