EQS-News

tokentus investment AG has invested USD 1 million in the Lightspeed Faction Fund I

EQS-News: tokentus investment AG / Key word(s): Investment tokentus investment AG has invested USD 1 million in the Lightspeed Faction Fund I 14.11.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement.

tokentus investment AG has invested USD 1 million in the Lightspeed Faction Fund I

• Lightspeed Faction Fund I invests globally in Seed and Series A rounds of blockchain companies
• The Lightspeed Faction Fund I has a total volume of USD 285 million and is managed by two experienced fund managers in the blockchain space
• tokentus invested USD 1 million as a limited partner in this newly launched and promising blockchain-focused venture capital fund
• This strategic investment alongside renowned investors enables tokentus to make an indirect and diversified investment into early-stage companies

Frankfurt am Main, 14 November 2023 - tokentus investment AG ("tokentus", ISIN: DE000A3CN9R8; WKN: A3CN9R; Symbol: 14D), based in Frankfurt am Main, has invested USD 1 million as a limited partner in the newly launched Lightspeed Faction Fund I. According to the fund, it focuses on investments in the form of equity and tokens in Seed and Series A rounds of companies in the cryptocurrency and blockchain technology sectors. The total fund volume amounts to USD 285 million.

"As a joint venture with Lightspeed Venture Partners, we offer a unique blend of two worlds: crypto expertise paired with deep Silicon Valley roots and business scaling resources," said the management of Lightspeed Faction Fund I. Sam Harrison, Managing Partner of the fund, is a Senior Advisor for the blockchain sector at Lightspeed Venture Partners and formerly co-founder of Blockchain.com Ventures. Banafsheh Fathieh, General Partner of the fund, is also an advisor for the blockchain sector at Lightspeed Venture Partners and former Head of Investments at Prosus Ventures. Lightspeed Venture Partners has offices in six countries on three continents and, through its global presence, claims to have a large co-investor network with a strong track record in blockchain and crypto investments.