Investcorp today announced the launch of eLydian Lion, the first dedicated institutional blockchain fund based in the Gulf Cooperation Council (GCC) with a global investment mandate.
The fund, to be led from Investcorp’s Abu Dhabi office, will be deployed globally and it will focus on investments in companies leading the next digital evolution driven by blockchain technology.
It will enable investors to gain early exposure to the rapid growth of the blockchain ecosystem, which is at the forefront of the digital transformation of the economy.
The fund will mainly invest in early-stage companies operating in areas within the blockchain ecosystem such as blockchain infrastructure, platforms and exchanges, decentralised finance, and data analytics, Investcorp said in a statement.
The fund is independent of and complementary to Investcorp Technology Partners, Investcorp’s investment strategy focused on lower mid-market technology opportunities.
