COSIMO Ventures unveils first tokenized VC fund “COSIMO X”

COSIMO Ventures, the Global venture capital firm, has unveiled its debutant tokenized VC fund by the name of “COSIMO X”. The tokenized venture fund implies higher liquidity; while the most conventional VC funds have a lodging span of around seven to ten years, opening the VC market to an entirely new class of investorswho can now take advantage of high growth, deep tech projects at the forefront of innovation.

The intricacies of the announcement are:

COSIMO X targets infant companies who are into hard-core tech industries, such as artificial intelligence, AR/VR, IoT, blockchain, and cybersecurity etc. 

With a minimum investment of $250,000 for accredited investors in the US and $10,000 for non-US investors, while traditional VC funds require a minimum investment of $500,000 or more to access to COSIMO X.

COSIMO X to unset the conventional venture capital investment model and reckons that blockchain is the catalyst for the major shifts happening in VC landscape. By issuing investors COSIMO Tokens backed by investments in COSIMO’s portfolio companies, COSIMO X empowers both investors and portfolio companies with increased liquidity, reducing the investment time horizon, increased access to the asset class, and increased funding for high quality, early stage companies.

These tokens enable all global investors and elite group of U.S. accredited investors to hold equity interest in emerging, pre-series-A companies within the deep technology sector prior to a potential Initial Coin Offering or Series A funding round.

This unique, hybrid equity-ICO model allows investors to participate in accelerated growth opportunities that become available to early stage companies as they progress through either further venture funding or an Initial Coin Offering under favourable market conditions.

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