Morgan Creek raises $ 61 million in a week

October 26, 2019 by Océane

The success of the second fund Blockchain Morgan Creek Digital is at the rendezvous. While the company has set a target of raising $ 250 million to explore the opportunities offered by the Blockchain, it would have already harvested more than one-fifth of this sum in just one week.

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A keen enthusiasm on the part of investors

The folder of the funds Blockchain has been reached with the Securities and Exchange Commission (SEC) towards the end of last week. The company has requested an authorization of investment via the form D. furthermore, the collection of funds began on October 16 and is still ongoing currently.
11 investors participated. When asked about the names of the stakeholders, Anthony Pompliano, the co-founder of Morgan Creek, has been identified in this list of the pensions of police of the county of Fairfax and of retirement pensions for employees of the county of Fairfax.
He also added:

“We also have what we believe to be the first hospital system in the United States to participate in a fund dedicated to the Blockchain referred to as WakeMed. “

Why change a winning formula ?

Underpinning the success of this funding round, Pompliano has argued that the company will continue to apply the same strategy used in its first fund.
Thus, it would seek to collaborate with the startups who are full of potential in entrepreneurship, in order to take advantage each other of the resources at their disposal.
For your information, a new round of funding is expected in the month of December of this year, and a final is expected to take place at the end of the first quarter of 2020.
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