CV VC has successfully closed a financing round of CHF 13 million. It will use the funds to grow its portfolio and fuel an international expansion in Asia, Africa, and the Middle East.
The Zug-based investment company Crypto Valley Venture Capital (CV VC) has closed a financing round of CHF 13 million. It will use the funds to expand further. “This financing round is a milestone in the young history of CV VC”, comments founder Mathias Ruch. “It underlines the strength of our business model and the attractiveness of our strategy and business. What CV VC has achieved in such a short time convinces our investors: building a strong startup portfolio and a thriving ecosystem.”
Building up an ecosystem
The financing round marks the end of a successful build-up. CV VC invests in blockchain startups at all stages of development. It has created a bespoke incubation program and invested in 27 blockchain startups from Switzerland, Europe, America and Africa. Additionally, CV VC has created an ecosystem consisting of the incubator, co-working spaces in Zug, Vaduz, and Dubai, events, and consulting.
“What motivated us as a basic idea three years ago when we founded CV VC is becoming increasingly clear: Blockchain will go far beyond cryptocurrencies in its areas of application. True to the principle, «in a gold rush, invest in shovels» we began to invest in startups that develop applications, products, and services based on blockchain technology,” writes Ruch on medium.
Investors can participate in the growing startup portfolio of the Zug-based company through investment products launched in cooperation with Swiss Asset Manager partners. The first “Technology for Tomorrow” certificate has just been launched.
The company plans to open offices in Africa and Asia to capitalize on the development of blockchain technology in these regions. Additionally, CV VC has opened CV Labs Dubai in the DMCC free trade zone. “With the capital increase and the milestones achieved, we are well-positioned to drive our national and international expansion further. This includes the growth of our global startup portfolio, the launch of our third incubation program in September, and the development of additional blockchain ecosystems in Africa and Asia through the opening of new CV Labs hubs, most recently in Dubai,” writes Ruch.
CV VC has screened over 2000 projects from 50 industry sectors, 16 countries, four continents in the last three years, according to Ruch. “The best of these enter a 12-week incubation program with experts and specialists and receive up to 125,000 Swiss francs in investment funds,” he says. “Our investment approach, which includes direct investments, and our ecosystem have proven so successful that we can now enter the next stage of growth.”