Crypto Valley gets its own VC firm

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11.05.2018
Cryptovalley Zug

Blockchain Valley Ventures (BVV), a new accelerator and venture capital firm offering investment, financing, and advisory services for blockchain-enabled businesses, has launched today. The firm boasts Oliver Bussmann, President of the Crypto Valley Association and former UBS and SAP Group CIO; Heinrich Zetlmayer, former Vice President and Country Leader of IBM Global Business Services in Switzerland; and Lykke Corp. as Partners.

BVV 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.

BVV’s strategy for funding new businesses is a hybrid of two different forms of financing: the traditional venture capital model and the newer Initial Coin Offering (ICO) model. The “Hybrid Model” of investing is designed to optimize not only the capital-raising of BVV portfolio companies but to serve as a key tool in accelerating their growth and business development, offering significant benefits compared to more conventional investment mechanisms. As a pioneer and advocate of this hybrid model, BVV is uniquely positioned to offer support on all fronts for businesses at any stage of development and with various needs.

The new company will operate from the heart of the Crypto Valley in Zug, Switzerland, working within and leveraging the benefits of the world’s most advanced and experienced ecosystem of blockchain companies, blockchain-experienced lawyers, auditors, tax advisors, and financial regulators. 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.

“Blockchain technology has already shown itself to be a highly disruptive force across all manners of the industry – from supply chain management, to e-commerce, and fintech. Our long-term vision is to develop BVV into a leading management holding in the crypto space,” said Heinrich Zetlmayer, BVV General Partner.

“BVV’s core mission is to build bridges between startups and investors, assisting those projects which offer real, substantive benefits to the global digital economy and the blockchain sector as a whole. Our partners are proven and successful companies who support the further development of a credible blockchain-powered ecosystem – both within Switzerland and internationally. We look forward to further expanding this network in the future, by connecting ambitious projects with liquidity providers, and assisting companies in navigating one of the fastest growing industries in the world successfully,” said Oliver Bussmann, BVV Board Member.

"As ICOs have become the new normal, it is no longer necessary to wait until you have accumulated significant revenue to make your dreams into reality. However, many would-be token-issuers need guidance which is neutral, independent, and unbiased. BVV provides this quality support, offering the necessary advice and assistance so that inspired businesses may fully recognize their potential," said Richard Olsen, Founder and CEO of Lykke Corporation.

(Press release)

Picture: joda / Fotolia.com

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