According to a press release published On January 18, US capital markets token offering and advisory platform Deal Box launched a new $125 million venture capital arm dedicated to blockchain and Web 3.0 startups. The fund, dubbed Deal Box Ventures, will invest in companies ranked in emerging growth, real estate, fintech, funtech and social impact. Commenting on today’s development, Thomas Carter, Founder and Chairman of Deal Box, said:
“Deal Box Ventures is an important step in our journey to invest in the most promising and disruptive blockchain startups, providing them with the tools and funding ecosystem they need to succeed by simplifying and reinventing blockchain business models. traditional financing.
As part of initial Web 3.0 investments, Deal Box acquired 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 claims to use the namesake technology to attempt to improve the human condition, while Total Network Services claims to have developed a Universal Communication Identifier (UCID) blockchain to improve supply chain security.
Cointelegraph previously reported that blockchain venture capital funding in 2022 has surpassed 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.
Prior to launching its venture capital arm, Deal Box specialized in providing start-up entrepreneurs with legal, accounting and capital table advice. One aspect of its focus is digital securities, where companies gain access to investor capital through the issuance of token bonds or shares. Founded in 2005, the company claims to have more than 500 customers.