# Nucleus Vision Reaches $40 Million Fundraising Hard Cap Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-02-27 Category: INVESTING Category URL: https://financedigest.com/category/investing Meta Title: Leading Blockchain Firms Alphabit, FBG, Kenetic, Turiya Meta Description: Nucleus Vision, a blockchain company, reaches $40 million USD fundraising cap with support from Alphabit, FBG, Kenetic, Turiya Ventures, and BlockAsset. Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/nucleus-vision-reaches-40-million-fundraising-hard-caphtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd270218-8-1736842956384-compressed.jpg) _Leading firms Alphabit, FBG, Kenetic, Turiya Ventures, and BlockAsset invest in blockchain company_ Nucleus Vision, the contactless identity management system and retail loyalty program powered by cryptocurrency, has announced it has reached its $40 million USD fundraising hard cap. It has received backing from prominent investment firms including Alphabit Digital Currency Fund, FBG Capital, Kenetic Capital, Turiya Ventures, and BlockAsset, Fenbushi Capital subsidiary. The investments will help facilitate the creation of a platform that lets customers [securely share](https://www.financedigest.com/demand-for-liquid-cargo-barge-is-expected-to-secure-notable-revenue-share-during-2027.html "Demand for Liquid Cargo Barge Is Expected to Secure Notable Revenue Share During 2027") their data with retailers. Retailers will be able to leverage [customer information to create personalized](https://www.financedigest.com/meeting-customers-where-they-are-through-financial-inclusion-and-hyper-personalization.html "Meeting Customers “Where They Are” Through Financial Inclusion and Hyper-Personalization") in-store experiences and enable cryptocurrency transactions. Nucleus Vision CEO Abhishek Pitti said: “The support of these leading blockchain investment firms represents a critical step forward in achieving our goal of transforming the retail [industry through blockchain technology](https://www.financedigest.com/how-blockchain-technology-can-help-the-fashion-industry-make-verifiable-green-claims.html "How Blockchain Technology Can Help the Fashion Industry Make Verifiable Green Claims"). Their extensive knowledge of the blockchain space will prove to be an invaluable asset to Nucleus Vision as we apply this technology to transform the customer experience in retail stores around the world.” Alphabit is a leading blockchain asset investment company that specializes in counseling institutional and professional investors. Drawing upon its expertise in cryptocurrencies and blockchain technology, Alphabit develops highly effective [investment strategies](https://www.financedigest.com/what-makes-a-good-long-term-investment-strategy.html "What makes a good long-term investment strategy?") and provides investors with exposure to the most promising blockchain projects on the market. Alphabit CEO Liam Roberston said: “We are proud to support a project of the high caliber of Nucleus Vision. They have the team with the experience and expertise to achieve their innovative vision of [giving brick-and- mortar stores the same competitive advantages](https://www.financedigest.com/how-automation-gives-fs-leaders-a-competitive-advantage.html "How automation gives FS leaders a competitive advantage") as online retailers. By leveraging blockchain [technology to make critical improvements](https://www.financedigest.com/technology-driven-mattress-styles-that-improve-your-sleep.html "Technology-Driven Mattress Styles that Improve your Sleep") to the retail space, Nucleus Vision is one of the most far-reaching and revolutionary projects in the blockchain space to date.” BlockAsset, a Fenbushi Capital subsidiary, is one of the most active Singapore-based [venture capital firms that invests](https://www.financedigest.com/the-risks-and-rewards-of-investing-in-venture-capital.html "The Risks and Rewards of Investing in Venture Capital") in blockchain-enabled companies. BlockAsset was founded by Fenbushi Capital Managing Partner Bo Shen; Fenbushi Capital [Investment Team Member Remington Ong; and David Lee, the Founder of Ferrell Asset Management, an Asia-focused financial services group dedicated to serving the investment and wealth management needs of family offices and private](https://www.financedigest.com/pragma-investments.html "Pragma Investments on Wealth Management versus Private Banking") individuals globally. BlockAsset leverages years of experience in the digital asset space and strong industry relations to invest in portfolios of [leading](https://www.financedigest.com/digital-pcr-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Digital PCR Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027") digital assets. Kenetic is a Hong Kong-based [venture capital](https://www.financedigest.com/breaking-down-venture-capitals-gender-and-diversity-barriers.html "Breaking down Venture Capital’s gender and diversity barriers") firm that specializes in early-stage startup companies, primarily in the blockchain and cryptocurrency space. Kenetic has served as a gateway to [Asia for is partners](https://www.financedigest.com/adverty-partners-with-livewire-to-continue-growth-of-in-game-advertising-across-asia-pacific.html "Adverty partners with Livewire to continue growth of in-game advertising across Asia Pacific"), investors, and portfolio companies. Turiya Ventures is early-stage and seed funding investment firm focusing on founders who are building key enabling infrastructure and [applications within the blockchain](https://www.financedigest.com/three-blockchain-application-scenarios-for-the-financial-services-industry.html "Three blockchain application scenarios for the financial services industry") space. The Turiya team aims to leverage its deep industry knowledge and technical expertise to help promising ventures in the [blockchain space solve significant global problems](https://www.financedigest.com/the-problem-with-blockchain.html "The problem with Blockchain"). Largely operating under the radar, FBG is a major powerhouse crypto and blockchain [hedge fund](https://www.financedigest.com/what-is-a-hedge-fund.html "What Is A Hedge Fund") based in Asia. Nucleus Vision CEO Abhishek Pitti said: “As Nucleus Vision builds the world’s first contactless identity management system and retail loyalty program powered by cryptocurrency, we are privileged to be able to draw upon the expertise and experience of these supporters to help us achieve our vision of leveraging blockchain technology to revolutionize the customer experience in stores around the world.” For more information, visit [nucleus.vision](http://nucleus.vision/). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---