Frankfurt-based fintech Agora Innovation GmbH secures another six-figure financing for its iVE.ONE product in the Pre-Series A round. With the investment, tokentus investment AG underlines the potential of the blockchain startup’s technology and, in addition to the venture capital, also provides access to a comprehensive network of specialists in law, finance and technology.
iVE.ONE is a regulated issuance and investment platform that enables the global trading of digitized securities within the legal framework on the blockchain and thus fits perfectly into the tokentus portfolio. The VC fund invests specifically in companies in the future market of blockchain and distributed ledger technology (DLT). The iVE.ONE investment is the first investment of the internationally active tokentus Investment AG in a German fintech.
“After the FinLab EOS VC, HTGF and Business Angels funding rounds, iVE.ONE has sufficient capital,” emphasizes CEO Phong Dao.”The new investment by tokentus Investment AG is important especially from a strategic point of view. With its network, the Frankfurt-based fintech VC specializing in blockchain technology opens many doors for us. As we notice that our product is in demand on the market, we want to position ourselves better for the growth phase. In doing so, we want to optimize our financial and operational processes internally and, in the area of sales, position ourselves in the direction of wealth management.”
tokentus CEO Oliver Michel also emphasizes the strategic orientation of the investment: “With its investment in Agora Innovation, tokentus Investment AG specifically combines two goals. On the one hand, this is access to valuable know-how in the areas of blockchain and DLT, and on the other hand, access to the future prospering business of tokenizations.”
Agora Innovation intends to use the capital from the new financing round to fill important positions: “We are creating the structures internally for the growth phase of iVE.ONE and preparing for the next financing round in 2021,” Phong Dao describes the next steps. “With our technology, we are convincing more and more customers and are now receiving numerous inquiries from larger companies and banks. “The iVE.ONE platform will be further expanded, and the interfaces will be extended. Dao: “We will increasingly bring our banking expertise into the product and expand the infrastructure of digital assets for the areas of portfolio & wealth management. Thus, banks, asset and portfolio managers will also benefit from the new asset class in the future.”
Agora Innovation is part of CMS equIP, the law office’s startup program. Florian Plagemann, counsel at CMS, accompanied the investment process and is persuaded by the iVE.ONE’s business model: “The blockchain-based iVE.ONE business model hits a nerve. It is a technology for the future, that will play an increasingly important role. Furthermore, there is an amazing team behind Agora Innovation GmbH. With tokentus investment AG, which is also focused on blockchain solutions, this is now a great opportunity to leverage significant synergies.”
iVE.ONE combines the three pillars of digital securities: issuance, investment and regulation. With this platform and infrastructure, participants with no technical experience have direct access to a regulated and digital asset ecosystem. To create this framework, the platform combines various national regulatory requirements with blockchain to protect companies from money laundering and sanctions risks.iVE.ONE is funded by FinLab EOS VC, a cooperation between block.one and FinLabAG, and High-Tech Gründerfonds.