TORONTO, May 22, 2019 /PRNewswire-PRWeb/ -- Bicameral
Ventures, the fund powering value creation with "Interconnected
Investing," announced today to investors at its Portfolio Showcase
in Toronto a suite of highly
complementary investments aimed at continuing to grow its model.
The combined investment of $1M in
metaMe, Nodesmith, and Velocia brings Bicameral's portfolio to
seven projects that are working at different layers of the
technology stack to build superior end-user experiences leveraging
blockchain.
"Almost every business is a part of a larger, interconnected
system, yet it's rare for anyone to collectively optimize these
connections in a way that eliminates friction and ensures a high
quality user experience and shared value across individual service
providers," said Alex McDougall,
chief investment officer, Bicameral Ventures.
With the addition of Nodesmith, a tooling and middleware company
aimed at providing enterprise grade uptime and reliability to
developers building higher up the stack, metaMe, a data
transmission protocol providing self-sovereignty and liquidity to
data trapped within popular Web 2.0 platforms, and Velocia, an open
mobility rewards platform that is currently working with Miami-Dade
County to change commuter behavior and solve traffic flow issues,
Bicameral can support independently strong solution providers who
are solving very different pain points, but doing so in a highly
complementary manner.
David Winterstein, chief
executive officer & co-founder, Velocia, states "We are
thrilled to have partners that understand the importance of
building connected ecosystems. This is the Velocia ethos and we
truly believe in outward-focused value creation."
"There are so many potential angles for blockchain to solve
enormous problems, but no one is going to choose a solution simply
because it's on blockchain or decentralized," said Kesem Frank,
chief executive officer, Bicameral Ventures. "It will be an
objectively superior experience that drives real adoption and that
can only happen with a deep interconnected technology stack
providing the building blocks. metaMe, Nodesmith, and Velocia are
all high quality projects and we've already seen the benefits of
their addition to our existing portfolio projects and
vice-versa."
"Bicameral's 'Interconnected Investment' thesis and portfolio
are very well aligned with our philosophy, technology and go to
market strategy for self-sovereign data and intelligence design,"
said Dele Atanda, chief executive officer, metaMe. "Something
magical happens when you find investment partners with whom you
share a common vision, values and impatience for a better tomorrow.
We are excited to join the Bicameral network and community."
"Working with Bicameral has provided our company with a
tremendous lift, as the team is not only forward thinking about Web
3.0 technology, but also about the new business models and
interactions that come with it," said Brendan Lee, chief executive officer, Nodesmith.
"We're equally impressed with the interconnected ecosystem
Bicameral has been building. We've been able to partner with
fantastic teams at the protocol and application layers via the
Bicameral ecosystem, which has freed us up to focus on what we do
best."
About Bicameral Ventures
Bicameral Ventures is a Venture Capital fund focused on
"Interconnected Investing" and building a portfolio of highly
complementary projects working towards bringing new technology
paradigms into reality. Bicameral's themes include blockchain,
interoperability, data and identity self-sovereignty, personalized
AI and Web 3.0. Bicameral Ventures was co-founded by Kesem Frank,
co-founder of the Aion Protocol and Alex
McDougall, fintech and M&A investment banking veteran
with Bank of Montreal Capital Markets. To learn more about
Bicameral Ventures, please visit http://www.bicameralventures.com
or follow on Twitter @bicameralcrypto and medium
http://www.medium.com/@bicameralcrypto.
SOURCE Bicameral Ventures