The rise from the most recent reported value on March 31, 2022, shows the net asset value of the fund, in which Fineqia participated as a limited partner in August 2019.

Less than 3% of Fineqia’s current market capitalization is equivalent to the value of the initial investment commitment. Investment specifics are being kept under wraps at this time.

The venture capital arm of the CSAA Insurance Group (Avanta Ventures) and the GS Group of Korea are backing the technology fund. IDEO, a global design firm, is responsible for many iconic designs, including Apple’s first computer mouse. Important figures in the tech industry, including those at IDEO, Coinbase, Twitter, and Fortress, have put money into the fund.

Over the past three years, IDEO CoLab has funded and/or co-founded 41 blockchain/cryptocurrency ventures. Forte, a blockchain-based gaming platform; FalconX, an electronic asset trading platform; and Handshake, a decentralised naming and certification authority, are all examples of startups in this space.

Fineqia CEO Bundeep Singh Rangar praised Ideo CoLab, saying, “IDEO CoLab has helped Fineqia back some of the most innovative entrepreneurs in the world, particularly in the blockchain industry.” Unique co-investment opportunities are made possible by the fund as well.

Source: Prnewswire