Source: news.google.com
According to a Jan. 18 press release, United States-based capital markets advisory and token offering platform Deal Box has launched a new $125 million venture capital arm dedicated to new Blockchain and Web3 companies. The fund, dubbed Deal Box Ventures, will invest in companies in the emerging fields of growth, real estate, fintech, funtech and social impact. Commenting on the development, Thomas Carter, founder and president of Deal Box, said:
“Deal Box Ventures is an important milestone in our journey to invest in the most promising and disruptive blockchain startups, giving them the tools and funding ecosystem they need to succeed by simplifying and reimagining traditional funding models.”
As part of Web3’s initial investments, Deal Box has bought stakes in Total Network Services, Rypplzz, and Forward-Edge AI. Rypplzz uses blockchain to connect digital and physical objects for location-based experiences. Forward-Edge AI says it uses the technology of the same name to try to improve the human condition, while Total Network Services claims to have developed a universal blockchain communication identifier to improve supply chain security.
As Cointelegraph previously reported, blockchain VC funding in 2022 outperformed 2021 despite the ongoing bear market. A total of $36.1 billion was raised for the industry during the year, compared to $30.3 billion for 2021.
Before launching its venture arm, Deal Box specialized in providing startups with legal, accounting and cap table advice. One aspect of his approach is digital securities, where companies gain access to investors’ capital through the issuance of tokenized bonds or shares. Founded in 2005, the firm says it has more than 500 clients.
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