Tag: Fund II
Compass Group follows debut pooled fund close with Florida Energy, Water & Air deal
Breega strikes €250m close for fourth fund in seven years, expands to Barcelona
NovaQuest strikes $500m hard cap for latest life science, pharma services-focused private equity fund
Sorenson Ventures seals $150m Fund II close to carry on enterprise software, cybersecurity focus
Sorenson Ventures has closed on $150m for its second fund focused on enterprise software and security companies.
The post Sorenson Ventures seals $150m Fund II close to carry on enterprise software, cybersecurity focus first appeared on AltAssets Private Equity News.
India’s IvyCap outraises Fund II three times over with INR16bn Fund III first close – and could collect up to INR25bn
Indian early-stage investor IvyCap Ventures has soared to an INR16bn ($214m) first close for its third fund - three times more than it collected for its sophomore vehicle.
The post India’s IvyCap outraises Fund II three times over with INR16bn Fund III first close – and could collect up to INR25bn first appeared on AltAssets Private Equity News.
Aventus Network and Scytale Ventures partner to accelerate integration with Polkadot
Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. Lack of interoperability in the blockchain space is one of the greatest barriers to adoption, leading to a fragmented industry where thousands of different tokens and networks are built on varying standards and consensus models. Polkadot works to ensure long-term cross-compatibility of these projects and simplify adoption by connecting and securing unique blockchains under common security guarantees.
For Aventus, this integration will enable smart contracts, decentralised applications (dApps) and other assets or utilities on the Aventus chain to be seamlessly and securely transferred between AvN, Polkadot, and a host of other compatible blockchains. Scytale, Polkadot and Aventus will develop a powerful new infrastructure that will maintain the utility and tokenomic model of the existing AVT token and staking model, whilst enabling Aventus to become a ‘parachain' (an integrated blockchain) of Polkadot.
Aventus' partnership with Scytale Ventures includes a sizable DOT (Polkadot's token) grant to help develop the necessary applications to plug into the Polkadot ecosystem. In addition, Scytale Horizon Fund II, has taken a significant position in AVT as a vote of confidence in the project.
Alan Vey, Co-Founder and CEO of the Aventus Network, said: “Imagine a world in which you couldn't send emails from Gmail to Microsoft – or you couldn't view the same webpage on both a PC and a Macintosh. That's the problem facing blockchain right now – thousands of different projects are built on different languages, and they cannot talk to each other. Polkadot is the solution to this - bridging different chains and giving them a common language. Integrating into the Polkadot family has always been an ambition for Aventus, and with Scytale's expertise and capital injection we have the rocket fuel we need to reach our goal of ensuring true interoperability with the wider blockchain community.”
Mark Cachia, Founder at Scytale Ventures added: “We are eager to support Alan and the team at Aventus to integrate more closely with the Polkadot Ecosystem. We invest primarily with strong teams with exemplary dedication and character, and I cannot think of anyone more committed to delivering useful, interoperable solutions than Aventus. Their organic decision to first build on Substrate because of the tech stack, then work with us to join the community dedicated to multichain interoperability, is a testament to the power of Substrate, and will unlock tremendous value for stakeholders. We're confident that – with our expertise and investment – Aventus will ensure true interoperability with the Polkadot ecosystem, setting an example for others in this space to follow.”
Gavin Wood, Founder of Polkadot, said: “The blockchain community has flourished over the last two years and so has the variety of services blockchains provide. The next challenge facing the community is making interoperability between blockchain networks a reality. This is precisely what Aventus' integration into the Polkadot network will enable, bringing the speed, security and long-term cross-compatibility required for Aventus to work seamlessly with the wider blockchain community. We can't wait to see where this takes Aventus – the possibilities are endless.”
Danny Masters, seed investor in the Aventus Network and Chairman at CoinShares International, said: “This partnership with Scytale marks a major step forward for Aventus and sets a clear path for growth and innovation well into the future. Solving the problem of interoperability is a top priority for many working in the blockchain space. Integrating with Polkadot will position Aventus at the leading edge of this effort. I am excited to see how Aventus, its token holders and clients will utilise the opportunities interoperability will bring.”
About Scytale Ventures
Scytale Ventures was founded in 2017 by investment management professionals, entrepreneurs, and blockchain pioneers to foster the growth and adoption of blockchain technology by supporting founding teams of blockchain protocols, applications, and companies.
To learn more, visit: https://scytale.ventures
About Polkadot
Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fuelling innovation, growing the decentralised technology space, and bringing the Web3 vision to life.
To learn more, visit: https://polkadot.network/
VC Firm SuperSeed Introduces £50 Million Fund
Korean crypto investment firm Hashed reportedly under tax investigation
South Korea’s tax agency is looking into crypto investment firm Hashed according to local media.
Venture Capital Firm Starts New Half-Billion Fund Focused On Algorand
Borderless Capital, a venture capital firm based out of Miami, has launched a new $500 million fund focused on Algorand (ALGO). The firm announced that its new fund will aim to invest in projects built within the Algorand ecosystem, and is set up to tackle the creators economy with non-fungible tokens (NFTs), as well as […]
The post Venture Capital Firm Starts New Half-Billion Fund Focused On Algorand appeared first on Coin Bureau.