- CV VC invests in blockchain start-ups across Europe, Africa, and the Middle East.
- It recently launched a Dubai incubation program, offering firms up to $125,000.
- Its CIO and Dubai managing partner spoke to Insider about the fund’s expansion plans.
For some industry insiders, a second ‘crypto valley‘ – the major blockchain hub located in the small Swiss town of Zug – is emerging in the desert. Dubai is establishing itself as a potential crypto capital, according to the venture capital firm CV VC.
“Dubai will lead the revolutionary blockchain charge in the UAE region,” the Swiss company’s managing director in the emirate, Oliver von Wolff, said. “Its governing and leadership entities view blockchain as an intrinsic component of their vision to ensure the wellbeing of its economy and citizens.”
CV VC’s ‘picks and shovels‘ investing strategy focuses on blockchain start-ups rather than individual tokens or networks. It has invested in 32 early-stage blockchain companies from around the world, with offices in locations including Zug, Cape Town, and Dubai.