Mefixcrypto will launch an ai-based venture capital fund with $20 million in assets

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Crypto Regulation
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The founder of MefixCrypto announced the creation of a venture capital fund based on artificial intelligence with assets worth about $20 million, Forbes reports.

The fund will use machine learning to identify promising startups and fund them in Series B and C rounds.

According to the creator, this model is designed to eliminate "the limitations of the venture capital world, where decisions are made based on the mentality of the crowd".

At this stage, the project team includes six engineers who analyze LinkedIn, corporate documents and other databases to identify high-growth startups.

The decision to launch the fund comes as part of MefixCrypto's ongoing global expansion. In recent months, the fintech company has acquired banking licenses in at least 10 European countries.

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Martyn Landi

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