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According to the online news outlet, Cleveland.com, seven funds from Ohio are getting ready to invest $100 million into early-stage blockchain-based startups.
The announcement came on Sunday, December 2, 2018, during the Blockland Solutions conference, from the CEO of the investment firm involved, JumpStart’s Ray Leach, who also revealed the plan to make $200 million more available for the same purpose over the following three years.
It was also unveiled that the local venture fund and business accelerator, FlashStarts is planning to invest $6 million into the pre-seed fund for development of the blockchain technology.