Tel Aviv, Israel--(Newsfile Corp. - March 22, 2022) - The fund is pleased to announce the foundation of the COTI ecosystem fund: COTI Ventures.
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The fund intends to invest in and capitalize on the upside opportunity in the COTI ecosystem, by securing an initial budget of $10M, which will be used to invest in equity, tokens and other forms of capital in early stage startups developing solutions related to COTI's ecosystem. We're focusing on investing in strong and experienced founding teams with a robust business plan that rely on a great product market fit and a quick time to market, thus creating strategic partnerships and encouraging new use cases for our tokens, products or infrastructure.
The fund will be led by COTI's CFO, Yair Lavi, and a team of skilled analysts and researchers, who will identifiy interesting opportunities for collaborations and analyze how they can contribute to the COTI business model. Apart from placing the initial investment, the team will advise the projects and use its expertise, connections and resources to assist the founding teams in achieving their business objectives.
Recently, the fund has made its first investment in WingRiders, a new and promising Cardano DEX, by joining other participants in the funding round such as cFund, Longhash and others. Upon meeting the team and performing a thorough analysis of...
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