Another metaverse news. The venture arm will put $125 million into companies that use Web3 technologies in five key fund areas.
Deal Box, an advisory platform for the capital markets, has started a venture arm that will invest $125 million in startups that use fundamental Web3 technologies in five key fund areas.
Deal Box Ventures will focus on emerging growth, real estate, fintech, funtech, and social impact as its five core growth areas.
Further Deal Box investment
It will lead investment rounds in early-stage companies that are making products. It will also lead investments in software, mobile apps, and other technologies that use Web3 to make traditional forms of finance for businesses and consumers better and easier to use.
Deal Box Ventures will also invest in action sports, innovative leisure items, and immersive consumer goods that utilize Web3 technologies.
Deal Box has made its first strategic investments in Total Network Services, Rypplzz, and Forward-Edge AI as part of its Web 3 investment thesis. Rypplzz uses blockchain to connect digital and physical objects, making futuristic location-based experiences that change physical spaces.
Universal Communication Identifier (UCID) is a blockchain-enabled service for supply chain security, device management, software licensing, and equipment tracking offered by TNS. Forward Edge-AI employs AI technologies for the benefit of humanity.
What has Deal Box done before?
Thomas Carter, a serial entrepreneur who is also the CEO of Total Network Services, established Deal Box in 2016. According to Crunchbase, Deal Box’s seed round in 2020 raised $1.5 million. In 2021, the corporation made an investment in Vertalo, a SaaS solution that connects and enables the digital asset economy.
“We created Deal Box to give companies and entrepreneurs better access to the capital markets, providing everything they need from due diligence to analytics, to valuation analysis, to get a deal funded – all in a box,” said Thomas Carter, founder and Chairman of Deal Box.
Deal Box raised a small seed fund three years ago, so it’s not clear how it managed to raise $125 million for its venture fund.
“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,” Carter added.
Carter also launched various funding platforms, including CapValue, Capital Window, and equityround.com, for the goal of primary investing in a select group of vetted emerging growth companies.
IMPORTANT DISCLAIMER: All content provided on this website, any hyperlinked sites, social media accounts and other platforms is for general information only and has been procured from third party sources. We make no warranties of any kind regarding this content. None of the content should be interpreted as financial, legal, or other advice meant to be relied on for any purpose. Any use or reliance on this content is done at your own risk and discretion. It is your responsibility to conduct research, review, analyze, and verify the content before relying on it.
