Blockchain Valley Ventures (BVV), a Zug, Switzerland–based accelerator and venture capital firm offering investment, financing, and advisory services for blockchain-enabled businesses, has launched.
The firm will focus on investments in, and the incubation and development of, business ventures in a number of industries that are utilizing blockchain technology to facilitate growth and innovation.
Led by partners Heinrich Zetlmayer, former Vice President and Country Leader of IBM Global Business Services in Switzerland; Oliver Bussmann, former UBS and SAP Group CIO; and Lykke Corp. BVV offers a broad array of services, including:
– capital investments, through its own funds and investment vehicles, such as the “Blockchain Investment Opportunities Note” in cooperation with Vicenda Asset Management AG, a global investment firm with a focus on private debt investing,
– business, financial, ICO, and marketing support until projects have critical size and operate independently,
– assistance in token technology design and creation, and
– implementation of Lykke’s Open Source Technology, in collaboration with Lykke Corporation, a global marketplace for the free exchange of financial assets.
BVV’s strategy for funding new businesses is a hybrid of two different forms of financing, the venture capital model and the Initial Coin Offering (ICO) model.
The venture capital firm’s initial focus will be on Swiss and European-based projects and investment opportunities, with an expansion into other key global markets planned for the future.