Bicameral Ventures Invests In Fintech Startup Balance

Investing, News | June 27, 2019 By:

 Bicameral Ventures has made a strategic investment in fintech startup Balance, aimed at accelerating its growth. The investment brings Bicameral’s portfolio to nine projects that are targeting challenges in various layers of the technology stack, with an aim of delivering end-user experiences by leveraging the blockchain and associated virtualized technologies.

“Most M&A destroys value, especially as the problems centrally-planned corporations are trying to solve grow increasingly complex,” said Alex McDougall, CIO, Bicameral Ventures. “Instead, Bicameral has brought together a group of independent yet ‘interconnected’ projects working at all layers of this novel technology stack, to attack multiple facets of the largest challenges.”

Balance adds another component to Bicameral’s portfolio of projects focused on accelerating Web 3.0 adoption. Balance is announcing their plans to become the first institutional grade crypto custodian with integration and support for the Aion blockchain, one of Bicameral’s key strategic investments.

“We’ve watched the trials and tribulations of what we consider two distinct waves of custody companies in the digital asset space so far, and packaged those learnings into a third generation custodian that is institutional grade,” said George Bordianu, CEO and founder, Balance. “Having had Kesem and Alex mentor us through Techstars, we quickly realized their ‘Interconnected Investing’ strategy means a spot in Bicameral’s portfolio is a lot more than just a logo on a site. The Aion integration is a testament to this, and just one of the many ways in which they’ve been helping us already.”

 “Insured, compliant, secure custody has long been seen as a foundational building block for getting traditional institutions and, especially critically, enterprises comfortable with digital assets,” said Kesem Frank, CEO, Bicameral Ventures. “Safely holding assets is table stakes for a custody solution. Balance’s focus on not just storing, but operationalizing digital asset holdings for enterprise, investors, and crypto projects via an exceptional front-end experience, makes them unique to this market, and a great strategic fit within our portfolio.”

As part of the transaction, Bicameral Ventures will be entitled to nominate one member of Balance’s Board of Directors.

Bicameral Ventures is a Venture Capital fund focused on “Interconnected Investing” and building a portfolio of projects working towards bringing new technology paradigms into reality. Bicameral’s themes include blockchain, interoperability, data and identity self-sovereignty, personalized AI, and Web 3.0.