US-based capital markets advisory and token offering platform Deal Box, according to a Jan. 18 press release launched a new $125 million venture capital group dedicated to blockchain and Web3 startups. The fund, called Deal Box Ventures, will invest in companies in the emerging areas of growth, real estate, fintech, pound tech and social impact. Thomas Carter, founder and chairman of Deal Box, commented on the development:
“Deal Box Ventures is an important milestone in our journey to invest in the most promising and disruptive blockchain startups, providing them with the tools and funding ecosystem they need to succeed by simplifying and reinventing traditional funding models.”
As part of its initial investment in Web3, Deal Box bought stakes in Total Network Services, Rypplzz and Forward-Edge AI. Rypplzz uses blockchain to connect digital and physical objects for location-based experiences. Forward-Edge AI says it uses the technology of the same name to try to improve the human condition, while Total Network Services says it has developed a Universal Communication Identifier blockchain to improve supply chain security.
As previously reported by Cointelegraph, blockchain venture capital funding in 2022 outperformed 2021 despite the ongoing bear market. A total of $36.1 billion was raised for the industry during the year, compared to $30.3 billion in 2021.
Before launching its venture arm, Deal Box specialized in providing legal, accounting and capitalization advice to start-up entrepreneurs. One aspect of her focus is digital securities, where companies gain access to investors’ capital through the issuance of tokenized bonds or shares. The company was founded in 2005 and has more than 500 clients.