German enterprise capital agency Picus Capital launched a devoted web3 and crypto funding arm known as picus.xyz.
“Picus.xyz is just not solely an indication of our long-term perception and dedication to web3, but in addition a method for us to extra successfully talk with the web3 neighborhood, and a technique to combination all of our know-how and value-add to potential companions,” the corporate stated in a weblog put up.
The brand new funding arm will keep near the agency’s core thesis of investing within the early pre-seed to Sequence A phases, focusing on web3 infrastructure and shopper merchandise. It is going to spend money on each fairness and tokens.
Based in 2015, Picus Capital has remodeled 140 investments together with in Nested, Omni and Gatherly. The agency has already backed quite a few crypto startups together with staking service Stride, synthetic intelligence infrastructure platform Spice AI and crypto asset administration service Arch.
“At picus.xyz we search to associate with founders whose north star is the development of web3 and who’re fixing the laborious issues in the way in which of the subsequent billion customers,” the corporate stated.
Picus Capital is understood for providing devoted groups for HR and operational help to founders. The brand new funding arm will supply related help tailor-made to the idiosyncrasies of web3 reminiscent of token design, audit help and neighborhood administration.
The funding workforce contains David Mirzazadeh, Daniel Niklas, Pierre Bourdan and Julius Nagel. They beforehand labored within the funding banking and consulting industries earlier than becoming a member of Picus.