Fineqia International Inc. (the “Company” or “Fineqia”) announces that the value of its investment in the IDEO CoLab Distributed Web Offshore Fund 1 LP (“Fund”) has increased to seven times the value of the original investment.

The value of the original investment commitment represents less than 3% of Fineqia’s market capital; the terms of the investment are confidential; the increase represents the net asset value of the fund from the last reported value on March 31, 2022; and Fineqia participated as a limited partner in the fund in August 2019.

Executives from significant technology companies like IDEO, Coinbase, Twitter, and Fortress have also invested in the fund, as have representatives from Avanta Ventures (CSAA Insurance Group’s venture capital arm), the global design firm IDEO, and Korea’s GS Group.

Forte, a blockchain gaming platform, FalconX, a platform for trading digital assets, and Handshake, a decentralised name and certification authority are just a few of the 41 blockchain and crypto firms that IDEO CoLab has invested in and assisted with the launch of.

According to Fineqia CEO Bundeep Singh Rangar, “IDEO CoLab has helped Fineqia back some of the most inventive companies in the world, notably in the blockchain business. The fund also helps us access unique co-investment opportunities.”

Source: Prnewswire