Pulsar Venture Capital, an international early-stage venture fund and business accelerator, begun a $30 million ICO sale of Pulsar tokens or ‘Pulsars’ on the 13th of November, 2017. The ICO is intended to raise funds for investing in reliable and high-yield projects in the tech industry. With an initial Pulsar token price set at $1 US, payment is accepted in Bitcoin or Ether, with a minimum contribution limited to 1 ETH.
Part of the funds raised through the ICO will be invested in 29 projects in the USA, Eastern Europe and South-East Asia, which Pulsar VC has been working with for a few years. All crowdsale participants will get shares in these portfolio companies. The current Pulsar Venture Capital’s portfolio has increased by a factor of 4.5 over the past four years. Based on the ICO outcome, the Fund plans to invest in over thirty projects in the most promising areas, including telecommunication, new materials and Internet of Things.