Cleveland accelerator debuts one of midwest’s first pre-seed blockchain-only funds

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Cleveland startup accelerator Flashstarts rolled out a $6 million blockchain fund on Monday that could be one of the first such funds in the region.

According to details of the pre-seed fund’s deal, which was announced at Monday’s Cleveland’s Blockland Solutions Conference per Crain’s Cleveland Business, requires a minimum investment of $25,000 for individuals and $100,000 for organizations.

“The combination of investment and access to beta customers will attract the best new blockchain companies to our portfolio,” said Flashstarts CEO Charles Stack in a statement. “Blockland is creating an extremely inviting ecosystem for new blockchain companies. Our new fund will be able to leverage those efforts to the benefit of our investors and our entire region.”

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