- A venture builder for early-stage cryptocurrency- and blockchain-oriented companies, Collider Labs, has successfully closed a $1 million investment vehicle.
- The company announced the news in a press release shared with CryptoPotato. The $1 million round comes after the recent addition of several “notable limited partners, including established blockchain executives, CEOs, founders, and traders.”
- The statement added that the firm is actively exploring different early-stage blockchain and cryptocurrency startups to invest in. Their agenda prioritizes projects related to the so-called New Economy – transparency, privacy, and fairness.
- The company has focused on quality over quantity as it aims to identify 10-12 projects “worth of funding and a hands-on ‘Investor in Residence’ mentorship.”
- Collider Ventures, the flagship venture fund of Collider Labs, has made over a dozen investments since its inception last year. Some of the firms in its portfolio include Nexus Mutual, Beam, ZenGo, Fuse, IDEX, and The Graph.
- Commenting on the news, Founding Venture Partner Avishay Ovadia noted that “capital raising in the cryptocurrency space has been commoditized.” He added that entrepreneurs are typically drawn to investors who are capable of providing funding, liquidity, and active participation in building the project alongside the founders, employees, and the community.
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Ovadia further explained that although Collider Labs works as an “accelerator” as other VCs, his company offers a more individual approach benefiting its customers: “Early-stage accelerators have an inflexible curriculum, wasting entrepreneurs’ time and focus. At Labs, there is no one-size-fits-all or predefined program that founders need to follow. We form active partnerships with world-class founders, invest in the team, and join them as we like to call Investors in Residence.”
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