Ex-Chorus One CIO Xavier Meegan launches $20M crypto fund Frachtis
Frachtis, a new $20 million pre-seed fund, was launched by Xavier Meegan, a former Chief Investment Officer and Research Lead at top staking provider Chorus One. It is backed by institutional investors such as Theta Capital, along with crypto-native backers including RockawayX, Chorus One, and Cyber Fund.
The fund will focus on supporting technical crypto-native founders building decentralised AI, middleware, infrastructure, and consumer applications.
Xavier Meegan said Frachtis has positioned itself uniquely in the crypto venture capital market, as it is a technically focused VC with a team who have crypto-native experience operating and growing blockchains:
Frachtis was created to support technical founders…
