Bicameral Ventures Funds Three Blockchain Projectsbr>
Bicameral Ventures has announced a combined investment of $1M in metaMe, Nodesmith, and Velocia, which brings Bicameral’s portfolio to seven projects that are working at different layers of the technology stack leveraging blockchain.
“Almost every business is a part of a larger, interconnected system, yet it’s rare for anyone to collectively optimize these connections in a way that eliminates friction and ensures a high quality user experience and shared value across individual service providers,” said Alex McDougall, chief investment officer, Bicameral Ventures.
Nodesmith is a tooling and middleware company aimed at providing enterprise grade uptime and reliability to developers building higher up the stack; metaMe is a data transmission protocol providing self-sovereignty and liquidity to data trapped within popular Web 2.0 platforms; and Velocia is an open mobility rewards platform that is currently working with Miami-Dade County to change commuter behavior and solve traffic flow issues.
David Winterstein, chief executive officer & co-founder, Velocia, states “We are thrilled to have partners that understand the importance of building connected ecosystems. This is the Velocia ethos and we truly believe in outward-focused value creation.”
“There are so many potential angles for blockchain to solve enormous problems, but no one is going to choose a solution simply because it’s on blockchain or decentralized,” said Kesem Frank, chief executive officer, Bicameral Ventures. “It will be an objectively superior experience that drives real adoption and that can only happen with a deep interconnected technology stack providing the building blocks. metaMe, Nodesmith, and Velocia are all high quality projects and we’ve already seen the benefits of their addition to our existing portfolio projects and vice-versa.”
“Bicameral’s ‘Interconnected Investment’ thesis and portfolio are very well aligned with our philosophy, technology and go to market strategy for self-sovereign data and intelligence design,” said Dele Atanda, chief executive officer, metaMe. “Something magical happens when you find investment partners with whom you share a common vision, values and impatience for a better tomorrow. We are excited to join the Bicameral network and community.”
“Working with Bicameral has provided our company with a tremendous lift, as the team is not only forward thinking about Web 3.0 technology, but also about the new business models and interactions that come with it,” said Brendan Lee, chief executive officer, Nodesmith. “We’re equally impressed with the interconnected ecosystem Bicameral has been building. We’ve been able to partner with fantastic teams at the protocol and application layers via the Bicameral ecosystem, which has freed us up to focus on what we do best.”