iVE.ONE receives a six-figure investment in Pre-Series A from tokentus Investment AG
Frankfurt-based fintech Agora Innovation GmbH announced last week another six-figure financing for its iVE.ONE product in the Pre-Series A round. With the investment, tokentus investment AG underlines the potential of the blockchain startup’s technology and, in addition to the venture capital, also provides access to a comprehensive network of specialists in law, finance and technology.
iVE.ONE is a regulated issuance and investment platform that enables the global trading of digitized securities within the legal framework on the blockchain and thus fits perfectly into the tokentus portfolio. The VC fund invests specifically in companies in the future market of blockchain and distributed ledger technology (DLT). The iVE.ONE investment is the first investment of the internationally active tokentus Investment AG in a German fintech.
“After the FinLab EOS VC, HTGF and Business Angels funding rounds, iVE.ONE has sufficient capital,” emphasizes CEO Phong Dao.”The new investment by tokentus Investment AG is important especially from a strategic point of view. With its network, the Frankfurt-based fintech VC specializing in blockchain technology opens many doors for us.”
tokentus CEO Oliver Michel also emphasizes the strategic orientation of the investment: “With its investment in Agora Innovation, tokentus Investment AG specifically combines two goals. On the one hand, this is access to valuable know-how in the areas of blockchain and DLT, and on the other hand, access to the future prospering business of tokenizations.”
Agora Innovation intends to use the capital from the new financing round to fill important positions: “We are creating the structures internally for the growth phase of iVE.ONE and preparing for the next financing round in 2021,” Phong Dao describes the next steps. “With our technology, we are convincing more and more customers and are now receiving numerous inquiries from larger companies and banks. “The iVE.ONE platform will be further expanded, and the interfaces will be extended. Dao: “We will increasingly bring our banking expertise into the product and expand the infrastructure of digital assets for the areas of portfolio & wealth management. Thus, banks, asset and portfolio managers will also benefit from the new asset class in the future.”
