According to PANews news on May 25, the team behind the Australian venture capital fund Kosmos Ventures announced the launch of a new investment fund, Zero Age Ventures, focusing on blockchain technology. Kosmos Fund II will be transferred to Zero Age Ventures and all new investments will be managed by Zero Age Ventures. Following the successful closing of the initial transaction, General Partners pledged up to $10 million of its own capital, with Zero Age Ventures to allocate substantial funds in 2023 and 2024.
It is reported that Kosmos was originally established in 2017 and has made a large number of seed round investments in protocols such as Solana, Algorand, Polkadot and Fantom. Zero Age Ventures will focus on bootstrapping network effects through token/product design, governance, community building and go-to-market strategies.