Switzerland-based venture capital firm and incubator Blockchain Valley Ventures (BVV) has launched with backing from financial technology provider Lykke Corporation.
BVV will incubate and invest in startups developing blockchain-related technology, and will provide VC funding as well as participation in initial coin offerings (ICOs). It will also provide business, financial, marketing and ICO support for portfolio companies.
Richard Olsen, Lykke’s founder and CEO, said: “As ICOs have become the new normal, it is no longer necessary to wait until you have accumulated significant revenue to make your dreams into reality. However, many would-be token-issuers need guidance which is neutral, independent and unbiased.
“BVV provides this quality support, offering the necessary advice and assistance so that inspired businesses may fully recognise their potential.”