Crypto Valley Venture Capital AG (CV VC) will invest a fixed amount of 125,000 dollars in blockchain startups in return for equity or tokens, announced a statement. The startup companies selected will also have chance to participate in a three-month incubation programme in the heart of Crypto Valley. CV VC will acquire eight per cent shares in each company and support businesses in all stages of development, with the first programme set to launch this winter.
As well as financial and professional support, the companies will benefit from the crypto network in the Zug region, which is home to around 600 blockchain startups, according to the statement. CV Maps provides an overview of these businesses, while CV Labs, a shared workspace with around 100 startups, is a lively place at the heart of it all. The office is part of the blockchain ecosystem that Lakeside Partners has built in the Zug region.
The blockchain consultancy also founded CV VC alongside private investors and describes the new company as a logical development of its activities. The founders of Lakeside Partners and CV VC will be active in the new company, with Mathias Daniel Ruch as CEO and Board Member, Marco Bumbacher as Chairman and Ralf Hans Glabischnig as Board Member. CIO and CV VC Co-Founder is the former J.P. Morgan banker Olaf Hannemann.
“After the initial phase of pioneers, traditional investors and big players of the ‘old economy’ are starting to take note. Analysts now speak of a new dawn for the industry, with serious companies, serious people and serious money coming into the space,” commented Ruch.
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