US-based real estate holding company Gelt has launched a venture capital unit called Gelt Venture Capital.
Gelt Venture Capital has been founded by Jacob Chapman, who announced the fund’s launch in a blog post on Medium, as well as Keith Wasserman and Damian Langere.
The unit has not announced any precise details concerning its investment plans, but Chapman said in his post: “In addition to the transportation of people, goods and services we also view real estate, fintech, space, Crispr and computational biology as the fields of the future.
“Many of these industries are just now coming into their own and we believe their impact over the next 10 years will dwarf the impact mobile has had in the last 10.”
The fund’s portfolio currently consists of Disruptive Multimedia, the operator of celebrity messaging platform SuperPhone, which raised $1.5m in seed funding in March 2016, and Trustify, an online marketplace for private investigative services, which closed a $2m round in January.