Wednesday, March 21, 2018

Maco.la Targets Blockchain With New Investment Fund

Los Angeles-based Maco.la Management, a new investment fund, said it its targeting the blockchain market, with a new $6M fund. According to Maco.la, it has a target of raising a total of $40M for its fund. The new investment fund is led by Mark Strome. According to Maco.la, it is looking to invest in enterprises seeking to optimize and accelerate their business with the use of blockchain technology. The company said its executive team includes Sheri Kaiserman and Alan "Koz" Kostrinsky". Kaiserman was most recently head of the Equities Division at Wedbush. Kostrinsky was Director in PricewaterhouseCoopers' New Ventures Practice where he was leading Blockchain initiatives. The fund's CEO is Ron Reed.