Metavallon invests in VALK, a DLT end-to-end deal platform for private markets.
During December 2020 and amidst the Covid19 crisis the Metavallon VC team announced two new seed investments. Metavallon VC is active in seed investments with rolling investment proposal submissions around the year.
On December 17th they announced their latest Seed investment in VALK. Valk is the End-to-End deal tool for private markets. The investment round, led by Metavallon, is complemented by F10 accelerator (sponsored by SIX Group, operator of the Swiss and Spanish stock exchanges), one major infrastructure player in the fintech space, and the SICTIC angel investment group from Switzerland.
Founded in 2019 by Antoine Loth and Elie Azzi, VALK is a London and Zurich based fintech company that has developed an end-to-end digital transaction solution for private and illiquid markets that can be used by investment banks, asset managers and fund managers. They are digitizing their processes and assets from end to end to reduce costs, time spent on processes, improve user experience and transactions and operate secondary market trades.
According to the press release: “Their solution is built on two strong banking technological infrastructures: R3’s Corda and BT Radianz , giving their clients access to a wide network of financial institutions they can connect and trade with. Indeed, being built on Corda, VALK allows for instant settlement on chain, investing & secondary market trading in a secure, compliant and robust environment and interoperability and connectivity with the world’s largest banking DLT ecosystem.”
VALK is one of the leading Cordapp focusing on private markets with a strong ecosystem of users in Europe and already hundreds of millions of transactions supported.
VALK’s solution aims to disrupt the billion dollar financial market technology industry thanks to its DLT component and the traditional CRM and Data Rooms markets.
This funding round will go to reinforce the team, accelerate commercialization and ensure the successful deployment of new pilots with partners and clients.
VALK founders Antoine Loth and Elie Azzi state in the press release: “We are delighted to welcome Metavallon as a lead investor in our round alongside key strategic players. This seed round will enable us to reinforce our resources in order to be able to build a more automated solution that we can distribute to the widest number of clients in different geographies. Last year enabled us to prove validation and interest from the market and this round is bringing us the necessary support to scale our business.”
Yorgos Mousmoulas, Partner at Metavallon VC, mentions in the press release: “We are happy to add VALK to our portfolio, our first investment in the blockchain space; especially since they’re building their solution on R3’s Corda, a platform tailored to their target market (fintech). We are excited to support them in addressing a real problem – trading in unlisted assets – with a highly secure, streamlined solution, while at the same time transferring relevant domain & tech expertise to the Greek ecosystem.”
This might be the first time that a Greek VC of the Equifund platform invests in a startup with Decentralized technologies.