Tokenized VC Fund COSIMO X Invests in Three Deep Tech Companies

COSIMO X Provides Funding to GECKO Governance, Lingar and Oneiro – Tokenized Fund Invests Following Previous Funding From COSIMO Ventures

(Boston, MA) — March 13, 2019 — COSIMO Ventures, a leading global venture capital (VC) firm, announced three late seed round investments through its evergreen, tokenized VC fund, COSIMO X. Funding will be provided to GECKO Governance, a blockchain-based financial software solution that allows fund managers to meet regulatory and compliance requirements, and Oneiro, the developer of ndau – the world’s first, buoyant digital asset. Additionally, COSIMO X will invest in Lingar, an augmented reality mobile application and SaaS platform for museums, cultural institutions, tours, and special venues.

 

 

Ciarán Hynes, Managing Partner of COSIMO Ventures, said of the investment:

After an initial high volume wave of lower quality projects in the blockchain and cryptocurrency spaces, companies like Lingar, Oneiro and GECKO are building products from the lessons learned in years prior. In addition to seed investments we will provide hands-on advisory and management services to help these disruptive early stage companies succeed.”

 

 

COSIMO X will provide $1.5 million to Oneiro, the developer of ndau, the world’s first “buoyant” digital currency, designed with smart monetary policies that mitigate volatility plus an underlying endowment of assets which together create a digital asset optimized for the long-term store of value. This investment follows COSIMO Ventures’ $3 million investment in Oneiro in February 2018. COSIMO X’s investment in GECKO Governance also comes following earlier seed stage funding provided by COSIMO Ventures in January 2018. Additionally, COSIMO X’s investment in Lingar will help the company promote the adoption of its mobile AR platform designed to make interactive digital experiences available to any visitor at any venue.  

 

Hynes continued:

The tokenized model of COSIMO X allows investors to gain exposure to promising early-stage companies like Oneiro, Lingar, and GECKO, with the benefits of increased liquidity and a lower barrier to entry.

 

COSIMO X focuses on early-stage deep tech companies spanning industries such as blockchain, artificial intelligence, AR/VR, IoT, and cybersecurity.

 

 

About COSIMO Ventures

COSIMO Ventures is an investment firm focused on transforming promising deep technology companies into global industry leaders. With offices in Boston, New York, and Dublin, COSIMO Ventures invests in sectors including blockchain, digital currencies, virtual reality (VR), augmented reality (AR), machine learning, and the Internet of Things (IoT). The company also offers special expertise in working with promising Irish and UK early-stage technology companies and supporting their global expansion. More information can be found at www.cosimoventures.com.

 

About COSIMO X

COSIMO X is COSIMO Ventures’ leading evergreen, tokenized venture capital fund focusing on early stage companies in deep tech industries, such as blockchain, artificial intelligence, AR/VR, IoT and cybersecurity. COSIMO X is disrupting the traditional venture capital investment model and believes that blockchain is the catalyst for the major shifts happening in VC landscape and investment model. By issuing investors COSIMO Tokens backed by COSIMO’s portfolio companies, COSIMO X empowers both investors and portfolio companies with increased liquidity, reduced investment time horizon, increased access to the asset class, and increased funding for high quality, early stage companies.

 

To learn more, visit COSIMOVENTURES

 

 

 

Please leave your questions and comments below: