Venture Capital Firm Lakestar As Strategic Partner For Crypto Valley Association (CVA)

This week Crypto Valley Association (CVA), Switzerland-based blockchain consortium, uncovered to CoinDesk that it has included European venture capital firm Lakestar as a vital and strategic partner.

In fact, Lakestar has already fiddled with blockchain, and in 2017 invested in crypto wallet supplier Blockchain and trade startup ShapeShift. Its portfolio additionally incorporates investments in Skype, Spotify, Facebook and Airbnb.

With the declaration, Lakestar will join the rank of CVA’s current vital and strategic partners that incorporate PwC – the multinational counseling firm, and ethereum startup ConsenSys. What’s more, Lakestar will seat the CVA’s new “Venture Building” working group, which will included specialists from both the blockchain and business industries.

Lakestar has already raised two assets with a total volume of 500 million euros in 2013 and 2015, and means to use this experience to propose guidance on tech investments for the Swiss blockchain consortium.

The CVA, which has in excess of 600 individuals, said it anticipates that the organization will be commonly valuable.

CVA president Oliver Bussman said, “Their experience of investing and assisting technology entrepreneurs effectively scale and internationalize will provide unique insight to support the work of the CVA and our members.”

Mopreover, the CVA said Lakestar will gain “greater access to and understanding of its startup community and ecosystem” through its involvement.

Lakestar partner Nicolas Brand said, “We see great synergy between our proven track record of building global, digital leaders and the work of the CVA’s blockchain-focused teams. We look forward to working with the CVA and its members in supporting some of Crypto Valley’s most exciting projects.”