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According to a press release on the 18th of January, 2023, Deal Box, a capital markets advisory and token offering platform based in the US has launched a venture capital arm worth $125 million dedicated to blockchain and Web3 startups.
The venture fund, called “Deal Box Ventures” will invest in companies in fintech, funtech, real estate, emerging growth, and social impact fields.
Speaking about the launch, the founder and chairman of Deal Box, Thomas Carter said:
“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 be successful by simplifying and reimagining traditional financing models.”
In the past, Deal Box used to specialize in tokenizing equity and bond issuance for startup companies and providing these startups with legal, accounting and capitalization table advisories.
However, as part of its first investments in Web3, the company has bought stakes in Total Network Services, Forward-Edge AI, and Rypplzz.
Total Network Services claims to have created a blockchain Universal Communication Identifier that will improve supply chain security, Forward-Edge AI says it leverages its AI to try and improve human living, while Rypplzz uses blockchain to connect digital and physical objects for location-based experiences.