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Global Blockchain Ventures, LLC (GBV) is a venture capital fund established in 2018 and headquartered in Orlando, Florida. The firm focuses on blockchain technology and its diverse applications, aiming to provide sophisticated investors with opportunities in blockchain-enabled projects. GBV was launched with a target fund size of $100 million, which was announced in November 2018. The fund's lead investor, Stonegate Digital Capital Group, committed a significant seven-figure investment to seed the fund.
As of now, GBV manages a portfolio of nine companies, emphasizing its commitment to driving innovation in a blockchain-enabled future. The firm has established a formal partnership with the University of Central Florida (UCF) and its Mixed Emerging Technology Integration Lab (METIL), which enhances its access to emerging tech research and talent. This collaboration is particularly beneficial for portfolio companies in sectors such as MedTech, IoT, and enterprise blockchain.
GBV's leadership team comprises experienced professionals with backgrounds in venture capital and Fortune 500 companies, further solidifying its position in the market. The firm has not confirmed whether it has fully closed its fund at the $100 million target, and recent deal activity appears to have been concentrated in 2021.
Global Blockchain Ventures specializes in investing in blockchain-enabled applications across various technology platforms. The firm’s core focus areas include Internet of Things (IoT), MedTech, Artificial Intelligence, Cybersecurity, FinTech, Education, Media and Entertainment, and Enterprise Transformation. GBV seeks to support projects that contribute to a sustainable and technologically advanced future, emphasizing the importance of practical solutions that enhance the global economy.
Investment checks typically range from seed funding to larger rounds, although specific check sizes are not disclosed. The firm is open to opportunities across the globe, reflecting its commitment to a diverse investment strategy. GBV looks for founders who demonstrate a strong vision and the capability to execute innovative ideas within the blockchain space. The firm prefers to engage in co-investment opportunities, particularly with partners that align with its focus on technology-driven solutions.
Global Blockchain Ventures has a diverse portfolio of nine companies, each contributing to the blockchain ecosystem in unique ways. Notable portfolio companies include:
This portfolio reflects GBV's commitment to supporting innovative projects across multiple sectors, particularly those that leverage blockchain technology for practical applications.
Al Weiss serves as the General Partner and Chairman of GBV. He has extensive experience in venture capital and a background in Fortune 500 companies, notably Disney, where he held various leadership roles.
David Metcalf, Ph.D. is a General Partner and Director at GBV. He leads the University of Central Florida's Mixed Emerging Technology Integration Lab (METIL) and brings significant institutional tech research credibility to the firm.
Max Hooper, Ph.D. acts as a General Partner and Managing Director. He has a strong background in institutional investment and entrepreneurial ventures, contributing to GBV's strategic direction.
Dieter Kondek is an Advisory Board Founder and Managing Partner with an international corporate background, having worked with companies like IBM, Dell, and Techdata.
Other notable individuals include A.J. Ripin, a Strategic Advisor, and Gal Landau-Yaari, an Executive Board Member of the Advisory Board. The board also includes John McCorvey III, CEO of Blockchain Financial Group, who was the lead anchor investor in GBV.
To pitch to Global Blockchain Ventures, founders should visit the firm's website at gbv.fund or email info@gbv.fund. It is important to include a comprehensive business plan and details about the founding team. The firm prefers pitches that clearly outline the practical applications of blockchain technology and its potential impact on the market.
Founders should expect a response within a few weeks, as GBV reviews submissions carefully. Warm introductions are beneficial but not mandatory. The firm values clarity and detail in pitch decks, particularly regarding market analysis and competitive positioning.
In July 2021, Global Blockchain Ventures invested $5 million in Mercury Cash, a global cash and cryptocurrency management solution. This investment was aimed at supporting Mercury Cash's preparations for obtaining a banking charter in the US and EU.
In December 2021, GBV participated in the seed round for Tōquidity, a company focused on Tokenization as a Service, which helps unlock liquidity for business and asset owners through digitization.
Despite these investments, there has been no reported deal activity from GBV in 2022 or 2023, indicating a potential slowdown in investment activity.
What are Global Blockchain Ventures' investment criteria?
GBV focuses on blockchain-enabled applications across various sectors, including IoT, MedTech, AI, cybersecurity, and fintech. The firm seeks innovative projects that offer practical solutions to enhance the global economy.
How can founders apply or pitch to GBV?
Founders can pitch their ideas through the firm's website at gbv.fund or by emailing info@gbv.fund. It is advisable to include a detailed business plan and information about the team.
What makes GBV different from other venture capital firms?
GBV has a unique partnership with the University of Central Florida's Mixed Emerging Technology Integration Lab (METIL), providing portfolio companies with access to cutting-edge research and talent in emerging technologies.
What is the geographic scope of GBV's investments?
GBV invests globally, focusing on blockchain technology applications that can drive economic growth and positive social impact.
What is the typical check size for investments?
While specific check sizes are not disclosed, GBV engages in seed funding and larger rounds, depending on the project and its potential.
What kind of post-investment involvement does GBV have?
GBV adds value to its portfolio companies through its extensive network, industry expertise, and partnerships, particularly with UCF's METIL, enhancing growth potential.
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