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Pecunio VC fund to invest EUR2m in IT Ventures’ Bytemine token

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Stockholm IT Ventures, a Swedish technology company specialising in energy crypto currency mining, has secured a EUR2 million investment in its Bytemine token (BYTM) from Pecunio’s VC Fund.

Pecunio, a fintech company in the United Arab Emirates, has also offered to purchase the remaining allocation of Bytemine tokens (up to EUR 1 million) by the end of the sale.
 
“We are extremely excited to have Pecunio on board as an institutional investor,” says Phillip Nunn, Managing Director of the Crypto Division for Stockholm IT Ventures. “Being recognised and added to Pecunio’s exclusive portfolio represents a great testament to our vision and future. Bytemine is a blockchain project with the potential to disrupt the mining industry, lending credence to our ability to build and shape a future unicorn in their portfolio.”
 
This large-scale institutional investment from Pecunio will give Bytemine a significant push in hitting its funding goal. Bytemine will also receive access to a robust ecosystem of potential partnerships through Pecunio, which was one of the most successful ICOs in 2018, as noted by Coindesk.
 
“What I like most about is the Bytemine project team and their genuine dedication to disrupt the traditional world of mining,” says Reinhard Berger, CEO of Pecunio VC Fund. “Anthony Norman and Phillip Nunn know how to build successful businesses and attract top talent. Supporting them and their team to succeed provides us with the opportunity to add increase the value of our organization with another potential unicorn.”
 
Pecunio’s team has always been exceptionally robust. The company’s helm originates from traditional Fintech heavyweights such as of Accenture and Capgemini.

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