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Liberty City Ventures Announces $15M Fund For Bitcoin Investments

This morning, Liberty City Ventures announced a dedicated Digital Currency Fund to propel the growth of bitcoin companies. LCV has been active in supporting the bitcoin startup community, organizing the monthly NYC Bitcoin Startups Meetup. They’ve also announced plans to launch a bitcoin startup incubator to help early stage bitcoin companies. We expect LCV will join with the hatchery for that endeavor, as they not only announced the launch of an NYC incubator as well, but also host the meetups LCV organizes.

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Coinsetter CEO Jaron Lukasiewicz presenting at the first NYC Bitcoin Startups Meetup, organized by LCV and hosted at the hatchery.

Liberty City Ventures, a reference to the New York City themed installment in the Grand Theft Auto video game series, was founded in 2012. The firm’s previous investments have focused largely on social commerce and lack any demonstration of experience investing the payments or finance space. However, a strong mixture of financial and technical backgrounds from their founding team make them appear up to the task. Two of their founders, Charles Cascarilla and Emil Woods, also co-founded institutional asset management firm Cedar Hill Capital in 2004. LCV co-founder Dorothy Jean, who previously worked at a technology public relations firm, may be able to bring a much-needed bitcoin marketing improvement to the new companies they work with.

LCV joins the Bitcoin Opportunity Fund and Union Square Ventures as major bitcoin investors in New York City – a locale that is shaping up to be the heart pumping venture capital lifeblood into the bitcoin ecosystem.

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