Institutional investors Sierra Ventures, Heuristic Capital, Venture Reality Fund, and GFR Fund stake over $100M in Theta to a collective Enterprise Validator Node
The next Theta Enterprise Validator Node featuring institutional and private equity investors Sierra Ventures, Heuristic Capital, VR Fund, and GFR Fund have staked more than $100M in THETA to a collective Enterprise Validator Node. In aggregate, these funds have over $2B in assets under management, with some leading Limited partners including top national endowments, pension funds and corporations. The new Enterprise Validator node is located at address 0x3905663153b7f2ba8a21f020f87df6fcf13580c5.
Sierra Ventures is a Bay Area-based early-stage venture firm investing globally with a focus on Next Generation Enterprise and Emerging Technologies. With over three decades of experience and billions of assets under management, Sierra has created a vast network of successful entrepreneurs, Global 1000 CXOs, operational executives, and deep domain experts, providing a platform for entrepreneurs around the world. The firm has invested in leading companies like Intuit, OnLink, Teradata, StrataCom, Sourcefire, Treasure Data.
“We were one of the earliest funds to see the potential in Theta, investing in the company’s convertible Seed round in 2016.” said Ben Yu, Managing Partner at Sierra Ventures. “The massive strides that Mitch and the entire team made since affirm our confidence in Theta Network and we continue to support their groundbreaking blockchain technology by participating as an Enterprise validator. We look forward to 100x growth as Theta transforms the media and entertainment industry.”
Heuristic Capital Partners is an early stage hardware focused Venture Capital fund founded by alumni of Chinese internet security giant Qihoo 360. Notable investments include Lucid, HingeHealth, Bend Labs, Blumio, and NanoCore.
“Theta’s global decentralized edge network will be a key component for Web 3.0 video and data delivery,” said Ren Du, Managing Director at Heuristic Capital Partners. “We see massive growth potential in the gaming and entertainment industries and how distributed technologies like Theta Network can disrupt these multi-billion dollar industries. We’ve been impressed with Theta’s market traction and rank the company as one of our top investments in our portfolio.”
The Venture Reality Fund drives innovation and investment at the intersection of immersive, spatial, and intelligent computing for consumer and enterprise sectors. Investments include Epic Games, Beat Games (acquired by Facebook), Owlchemy Labs (acquired by Google), and Spaces (acquired by Apple).
GFR Fund is a San Francisco-based venture capital fund that invests in early-stage virtual and augmented reality startups and is managed by GREE VR Capital, an affiliate Division of publicly traded GREE Inc. of Japan, a global leader in the mobile gaming industry.
We greatly appreciate the support of Sierra, Heuristic, VR Fund, GFR Fund, and all other Theta equity investors that have come along the journey with us since the early days!