According to a press release dated January 18, the capital markets consulting and token offering platform Deal Box, which has its headquarters in the United States, has established a new venture capital arm that will invest a total of $125 million in blockchain and Web3 companies.
The fund that will be used to make investments in enterprises operating in the growing growth, real estate, fintech, funtech, and social impact sectors will be given the moniker Deal Box Ventures.
The following statement was issued by the founder and chairman of Deal Box, Thomas Carter, in response to the recent development: “Our partnership with Deal Box Ventures marks a significant achievement on our way to becoming investors in the blockchain industry’s most innovative and potentially game-changing startups. By streamlining and rethinking the conventional fundraising processes, we will equip these start-ups with the resources and financial environment they need to be successful.”
By acquiring shares in each of the aforementioned businesses, Deal Box was able to make its initial investments in the firms Total Network Services, Rypplzz, and Forward-Edge AI respectively.
In order to integrate digital and real items and to facilitate the creation of location-based experiences, Rypplzz makes use of blockchain technology.
While Total Network Services claims that it has developed a blockchain Universal Communication Identifier to improve the safety of supply chains, Forward-Edge AI asserts that it is using the same technology to work on improving the human condition.
Before it started its investment arm, Deal Box was already a pioneer in its sector when it came to providing legal, accounting, and capitalization table advising services to the founders of fledgling companies.
One of the components of its focus that apply to digital securities is the issuing of tokenized bonds or shares by corporations as a method of acquiring access to investor money. This is one of the aspects that pertain to digital securities.
Since its founding in 2005, the firm claims that it already has more than 500 satisfied clients.