Private investors and consulting firm Lakeside Partners have formed an incubator for blockchain companies in Zug as Switzerland’s Crypto Valley continues to grow.
There are already 600 companies in Crypto Valley, and many have Lakeside Partners as investors. The firm has now founded a blockchain incubator called Crypto Valley Venture Capital (CV VC).
CV VC will be covering all stages of crypto and blockchain development, from incubation to later stages. It will invest a fixed amount of seed funding ($125,000) in a large number of promising early stage blockchain companies in return for equity or tokens, starting in Winter 2018 with the first batch of a three-month high-level seed capital program.
“The time is ripe for CV VC”, said Mathias Ruch, founder and managing partner at Lakeside Partners and who will head CV VC. “After the initial phase of pioneers, traditional investors and big players of the ‘old economy’ are starting to take note. Analysts now speak of a new dawn for the industry, with serious companies, serious people and serious money coming into the space.”
The first 20 startups are scheduled to start in winter with their three-month incubation program. Mentors include Nicole Anderson (Redsand), Ramon Recuero (ex-Ycombinator), Mona El Isa (Melonport), Stephan Karpischek (Etherisk), Daniel Qin (Wecash) and Guenther Dobrauz (lawyer, investor).
Lakeside Partners screened over 1000 startups over the last 18 months.
CV VC’s investment division will consist of three pillars, each covering a specific stage of the current blockchain and crypto development cycle: incubation, pre-ICO und post-ICO investments.
CV VC’s strategy includes international expansion by deploying CV Labs hubs in various global locations, ultimately leading to multiple specialized hubs.
Switzerland as the ‘genesis hub’ will remain home base, where leading-edge projects benefit from the largest and most advanced blockchain ecosystem and community worldwide.