Deal Box has launched a new $125 million venture capital arm dedicated to blockchain and Web 3.0 startups.
A new $125 million venture capital arm for blockchain and Web 3.0 firms has been formed by the American capital markets advising and token issuing platform Deal Box, according to a news statement issued on January 18.
Deal Box Ventures, the fund’s name, will make investments in businesses that fall under the categories of emergent growth, real estate, fintech, funtech, and social impact. Deal Box’s founder and chairman, Thomas Carter, commented on the current development:
“Deal Box Ventures is an important milestone in our journey to invest in the most promising and disruptive blockchain startups, providing them with the tools and funding ecosystem they need to be successful by simplifying and reimagining traditional financing models.”
The platform has completed purchasing interests in Total Network Services, Rypplzz, and Forward-Edge AI as part of its initial Web 3.0 investments. Blockchain is used by Rypplzz to link digital and real-world objects for location-based experiences.
Total Network Services claims to have created a blockchain UCID (Universal Communication Identifier) to increase supply chain security, while Forward-Edge AI promises to use the technology bearing its name to strive to better human condition.
According to a prior report, despite the current bear market, venture capital funding for blockchain technology increased in 2022 compared to 2021. During the year, the industry raised $36.1 billion in total, up from $30.3 billion in 2021.
Deal Box focused in offering startup entrepreneurs legal, accounting, and capitalization table advisories before introducing its venture arm. Its concentration on digital securities, where companies may access investor cash by issuing tokenized bonds or shares, is one area of this. The 2005-founded company claims to have more than 500 clients.
