Venture Capital Firm Blockchain Valley Venture Launches With “Hybrid” Investment Model

Announcements, Blockchain, Investing | May 11, 2018 By:

Swiss blockchain trading platform Lykke has partnered with two former executives from IBM, UBS and SAP to launch a new accelerator and venture capital firm focused on blockchain-enabled businesses.

Led by partners Heinrich Zetlmayer, former Vice President and Country Leader of IBM Global Business Services in Switzerland, and Oliver Bussmann, former UBS and SAP Group CIO, the new firm, called Blockchain Valley Ventures (BVV), will be based in Switzerland’s Crypto Valley in the city of Zug. It will offer a variety of services to businesses endeavoring to use the blockchain technology, including capital investments.

The new firm will offer business, financial, initial coin offering (ICO), and marketing support until projects have critical size and operate independently. It will also offer assistance in token technology design and creation, and implementation of Lykke’s open source blockchain technology.

“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,” Oliver Bussmann, BVV Board Member.

BVV said it will fund new businesses using a “hybrid model” of investing that combines traditional venture capital investment model and the newer ICO model. The firm will offer support on all fronts for businesses at any stage of development and with various needs.

“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,” said Richard Olsen, Founder and CEO of Lykke Corporation. “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 recognise their potential.”

BVV’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.

“Our long-term vision is to develop BVV into a leading management holding in the crypto space,offering assistance to projects we believe have real potential to have lasting effects on industries primed for disruption,” said Heinrich Zetlmayer, BVV General Partner. “We are excited to be facilitating and supporting the continued transformation of our shared global digital future.”