Investment News + DEX: dLab/EMURGO, Beam, and Nash
The dLab and EMURGO accelerator program launches by investing in four blockchain startups. Aside from investing, both companies will also be working with the chosen startups. A subsidiary of Glassdoor parent company, Recruit Holdings Ltd., invests in privacy-focused crypto startup, Beam. Nash, a decentralized exchange will have its beta launch on March 2019.
First Four Investments by dLab × EMURGO
dlab/EMURGO announced the four chosen startups for their inaugural project. Catallact, Helixworks, Sempo, and Tesseract will take part in a 14-week accelerator program to spur their development. SOSV, an accelerator venture capital, and EMURGO, Cardano’s commercial and venture subsidiary, will be working closely with the four startups to nurture and grow each company’s technology, business models, and positioning. Staff support and network access are included in the program.
A selection of Cardano fellowship projects will also receive funding from dLab/EMURGO.
Recruit Funding Arm Invests in Beam
RSP Blockchain Tech Fund Pte. Ltd., the funding arm of Recruit Holdings Ltd., invested an undisclosed amount in privacy-centric startup Beam. The Japanese company noted in their press release that Beam’s drive to protect user data and its function as a blockchain that avoids ‘the divulgation of transaction data to third parties’ is the primary rationale for their investment.
According to the press release, RSP’s fund size for investments is $25 mln. This will be used to invest in blockchain startups, mainly overseas.
Nash: A Decentralized Exchange Built on NEO
During a Neo DevCon 2019 presentation, Fabio Canesin, co-founder of decentralized exchange Nash, announced 31 March 2019 as its beta launch date. Nash is made to provide users the benefits of centralized exchanges without the accompanying risks such as hacks and the QuadrigaCX case.