Swiss non-public fairness agency VIVA Funding Companions AG is leaning into crypto funding by way of a brand new stake in blockchain enterprise cap
Swiss non-public fairness agency VIVA Funding Companions AG is leaning into crypto funding by way of a brand new stake in blockchain enterprise capital agency SPiCE VC.
Introduced Tuesday, SPiCE stated the Swiss agency acquired an fairness place in SPiCE’s administration firm and its fund. The discharge additionally stated that one of many fairness agency’s co-founders, Rene Eichenberger, would be a part of the board of SPiCE enterprise capital.
“Along with VIVA Funding Companions, SPiCE VC will additional strengthen its management place on this quickly rising market,” stated Tal Elyashiv, co-founder of SPiCE VC.
Elyashiv stated SPiCE would give attention to companies like custody, marketplaces, compliance, ranking, funds or banking associated tokenization, amongst others.
VIVA CEO Julie Meyer stated the partnership represents the shared perception among the many two companies {that a} basic shift is occurring within the securities business.
“All of us see the emergence of a brand new market sector akin to when music went digital or when Tesla emerged,” she stated.“We intend to make SPICE VC the main investor on this ecosystem.”
The partnership with SPiCE VC is the Swiss non-public fairness agency’s first funding within the crypto house. VIVA has beforehand invested in companies like UK-based DRIVE Software program Options, Swiss battery expertise firm IQ Worldwide and a Milan primarily based AI agency.
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