ConsenSys Ventures invests in six companies and launches its Accelerator

ConsenSys Ventures, the enterprise arm of the ConsenSys Ethereum blockchain powerhouse, has invested in a brand new spherical of 5 corporations and is immediately formally launching its Accelerator.

The 5 corporations have been invested in with a “mixture of fairness and tokens collectively. It was a singular termsheet created by Consensys Ventures in accordance with the SEC guidelines,” in line with Kavita Gupta (pictured), the founding managing accomplice of ConsenSys and the lead on their Blockchain targeted fund which is investing in an Ethereum powered “Net” startups.

She went on to elaborate to me on the pondering behind these investments: “It’s essential for us to take a position into corporations that each embody the ethos of decentralization whereas additionally pushing the Ethereum ecosystem ahead. On this crop of investments, you may see tasks that signify the globalization of economic methods on blockchain (Cryptomarket), create revolutionary options to carry establishments into the house (Virtuoso) carry energy and monetization again to artists (Dada), democratize the flexibility to take part within the proof of stake (Rocket Pool) and present the brilliant minds of conventional tech who at the moment are selecting to carry Ethereum cellular (Vault).”

ConsenSys’ Accelerator can also be popping out of the gate too, as, Gupta says, to “join the standard Net world with the technically complicated Ethereum ecosystem.”

The 8week accelerator program will see a cohort of Eight-10 tasks work in the direction of constructing an MVP and work in the direction of elevating a profitable spherical of pre-seed/seed funding.

This system will carry on advisors from conventional 21st-century know-how unicorns like Google/Uber/Fb/Salesforce and so forth. and mix their experience with the expertise and Ethereum know-how at ConsenSys. This system will function hands-on training, mentorship, open workplace hours and can function demo days each within the US and Europe.

Right here’s fast overview of subsequent 5 corporations Consensys Ventures has invested in, in their very own phrases:

“Based by the workforce behind TrueEx – the main digital rate of interest swap platform – Virtuoso is constructing a cryptocurrency change that can help ether futures, making a extra sturdy Ethereum buying and selling marketplace for institutional buyers.”

“Ink is a decentralized status and cost protocol seeking to carry transferrable status to P2P marketplaces based by Gee Chuang. It’s stay on the Listia platform and plans to broaden to different P2P marketplaces the place lack of status is a serious driver for centralization.”

“Vault is a safe pockets and dApp discovery platform in your cellular gadget, based by ex-Fb worker John Egan and his workforce. The workforce launched Vault after trying into pockets choices, and feeling annoyed from a usability standpoint, particularly as they explored cellular choices. Vault is concentrated on constructing out two major options within the brief time period: 1) one of the best and most consumer pleasant cellular pockets and a couple of) a dApp browser.”

Rocket Pool
Rocket Pool is a next-generation Ethereum Proof of Stake pool for Casper, at the moment in Alpha and primarily based in Australia. Began by David Rugendyke, Rocket Pool permits people and companies to stake as little as .1 ether and keep away from in depth withdrawal occasions and achieve publicity to Ethereum’s transfer to Proof-of-Stake.

“CryptoMKT is a Latin American primarily based Ethereum change and chief in Chile and Argentina, and are increasing to be a pacesetter in different South American markets. Based by Rafael Meruane and Martin Jofre, the workforce has bootstrapped to-date and have traded over $30M in ETH over the past 12 months.”

“DADA is a social community for digital artwork the place individuals work together with digital drawings based by Beatriz Ramos. At present, DADA gives a group of 100 restricted version digital drawings (all made throughout the DADA platform through the supplied drawing instruments) which is offered for buy with Ether through the MetaMask pockets. Every digital paintings out there for buy is tokenized, with every token representing possession over a replica of the drawing. DADA’s aim is to permit artists to have full management over their work and earn a common primary revenue from their work.”

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Redpoint Ventures hires Uber’s Annie Kadavy as general partner

Redpoint Ventures has employed Annie Kadavy as its first feminine basic associate. She’ll be on the early stage funding staff.

Kadavy has a background in enterprise capital, having spent a number of years at CRV. Most not too long ago, she ran strategic operations at Uber’s freight division. She additionally has an M.B.A. from Stanford College Graduate Faculty of Enterprise.

In a dialog with TechCrunch, Kadavy mentioned she “wanted to concentrate on shopper however have the power to do a broader set of investing.” Kadavy additionally “needed to affix an early stage fund that had a progress fund connected to it, so you possibly can be taught from each.”

However she’ll be most centered on seed, Sequence A and Sequence B rounds. Kadavy plans to search for alternatives within the Bay Space, LA, Seattle and NYC.

In her blog post, she elaborated on her determination to affix Redpoint.

For me, becoming a member of a flat and equal partnership was vital. Whereas this can be opaque to many, let me let you know, it issues. It’s the financial manifestation of how funding selections are made, how a enterprise staff will work collectively for you (or not), and the way that staff will evolve over time. That is uncommon and it exists at Redpoint.”

When Kadavy was at CRV, she sourced or led offers in ClassPass, Patreon, Doordash and she or he was on the board at Laurel and Wolf. She’s nonetheless trying to put money into corporations in comparable classes.

Kadavy is a part of a wave of enterprise companies lastly hiring feminine companions, in an trade the place solely 8% are women. Rebecca Kaden not too long ago joined Union Sq. Ventures, Jess Lee joined Sequoia Capital, and Naomi Pilosof joined Menlo Ventures, to call a number of.

There’s additionally AllRaise, a newly formed organization comprised of the highest feminine enterprise capitalists. The group is dedicated to serving to the most effective ladies discover jobs within the trade.

Redpoint has been round since 1999 and has raised $4.1 billion across its funds, according to Crunchbase.


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[Mix Monday] All Vinyl Mix, starts deep and ventures into more classic house sounds (Ron Trent, Folamour, Afriqua, So Inagawa and more, full tracklist in comments)

[Mix Monday] All Vinyl Combine, begins deep and ventures into extra basic home sounds (Ron Trent, Folamour, Afriqua, So Inagawa and extra, full tracklist in feedback)


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With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

 CrossCut Ventures, a Los Angeles-based seed funding agency has simply closed its fourth (and largest) fund with $125 million in new money. It’s been an extended highway for the agency’s three co-founders, who’ve been investing in Los Angeles since 1997. In that point they’ve seen town’s know-how scene evolve in matches and begins, however now, with corporations like Snap, Greenback… Read More

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Rebecca Kaden joins Union Square Ventures as general partner

 Rebecca Kaden has introduced that she’s leaving Maveron to affix Union Sq. Ventures as a basic accomplice on the funding staff. She’ll be the primary feminine accomplice at USV. “Whereas their investments in lots of category-defining companies communicate for themselves, I shortly discovered that their ardour round entrepreneurs and innovation, deep curiosity, starvation, and perception in… Read More

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