Blockchain Valley Ventures has announced that it has become a member of the Draper Venture Network’s Beta program (DVN Beta).
DVN is a global network of venture capital (VC) funds, founded by Tim Draper, which manages $2 billion in assets. It currently consists of more than 20 VCs operating in 60 cities worldwide.
The DVN Beta program supports VCs by facilitating collaboration so as to create a global alliance that focuses on investment due diligence, market information and investor relations.
Blockchain Valley Ventures (BVV) is based in Switzerland, so its addition to the network marks DVN’s entry into the Swiss blockchain ecosystem.
The criteria for DVN’s selection of VCs are highly selective, which is why BVV was accepted by DVN following an in-depth evaluation, which took into account its experience in advising customers on capital increases through traditional private placements and Security Token Offerings (STOs).
BVV has so far completed eight blockchain investments across a range of sectors such as supply chain management, open banking, telecommunications, information security, gaming and healthcare.
Heinrich Zetlmayer, partner and managing director of BVV, said:
“Joining DVN is a natural consequence of BVV’s vision, which is to empower the best Swiss and European blockchain companies to scale globally much faster and establish a venture capital infrastructure in Switzerland which takes inspiration from Silicon Valley. Thanks to this alliance, companies in BVV’s portfolio will have access to a unique, global network of venture funds, expertise and corporate connections across geographies and industries. We are very excited to work closely with DVN and are very impressed with Tim Draper’s creation of the DVN”.
Tim Draper, founder of DVN, added:
“We are thrilled to welcome BVV as a member of the DVN Beta Program. BVV’s unique value proposition will further strengthen our access to the vibrant European startup scene and to the Swiss ecosystem in particular, which may become a leading crypto destination as depicted by its work on Libra and the opening of two crypto banks.
We believe BVV’s unique combination of deep operational and industry experience, combined with its specialist hybrid approach to investing and advisory, will be pivotal in fostering the growth of blockchain enabled businesses. We look forward to working closely with the BVV team and their portfolio companies”.
