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VC firm Cosimo Ventures invests in trio of companies through tokenized VC fund

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COSIMO Ventures, a leading global venture capital (VC) firm, announced three late seed round investments through its evergreen, tokenized VC fund, COSIMO X.

Funding will be provided to GECKO Governance, a blockchain-based financial software solution allowing fund managers to meet regulatory and compliance requirements, and Oneiro, the developer of ndau – the world’s first, buoyant digital asset. Additionally, COSIMO X will invest in Lingar, an augmented reality mobile application and SaaS platform for museums, cultural institutions, tours and special venues.

Ciarán Hynes, Managing Partner of COSIMO Ventures, said of the investment, “After an initial high volume wave of lower quality projects in the blockchain and cryptocurrency spaces, companies like Lingar, Oneiro and GECKO are building products from the lessons learned in years prior. In addition to seed investments we will provide hands-on advisory and management services to help these disruptive early stage companies succeed.”

COSIMO X will provide $1.5 million to Oneiro, the developer of ndau, the world’s first “buoyant” digital currency, designed with smart monetary policies that mitigate volatility plus an underlying endowment of assets which together create a digital asset optimized for the long-term store of value. This investment follows COSIMO Ventures’ $3 million investment in Oneiro in February 2018. COSIMO X’s investment in GECKO Governance also comes following earlier seed stage funding provided by COSIMO Ventures in January 2018. Additionally, COSIMO X’s investment in Lingar will help the company promote the adoption of its mobile AR platform designed to make interactive digital experiences available to any visitor at any venue.  

“The tokenized model of COSIMO X allows investors to gain exposure to promising early-stage companies like Oneiro, Lingar, and GECKO, with the benefits of increased liquidity and a lower barrier to entry,” Mr. Hynes said.

COSIMO X focuses on early stage deep tech companies spanning industries such as blockchain, artificial intelligence, AR/VR, IoT, and cybersecurity.

 

Image by rawpixel from Pixabay

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