{"id":172562,"date":"2021-04-26T11:33:51","date_gmt":"2021-04-26T11:33:51","guid":{"rendered":"https:\/\/wordpress-693215-2610341.cloudwaysapps.com\/index.php\/2021\/04\/26\/r3-development-fund-invests-first-10m-in-over-20-startups\/"},"modified":"2021-04-26T11:33:51","modified_gmt":"2021-04-26T11:33:51","slug":"r3-development-fund-invests-first-10m-in-over-20-startups","status":"publish","type":"post","link":"https:\/\/theotcspace.com\/r3-development-fund-invests-first-10m-in-over-20-startups\/","title":{"rendered":"R3 Development Fund Invests First $10m in over 20 startups"},"content":{"rendered":"<p>Global enterprise software firm R3&rsquo;s Development Fund has reached the milestone of USD 10 million in capital deployed across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies.<\/p>\n<p><!--more--><\/p>\n<p>Global enterprise software firm R3&rsquo;s Development Fund has reached the milestone of USD 10 million in capital deployed across over 30 investments in more than 20 of the most promising early-stage blockchain and confidential computing companies.<\/p>\n<p>The <a href=\"https:\/\/www.r3.com\/\" target=\"_blank\" rel=\"noopener nofollow\">R3<\/a> Development Fund invests in innovative startups building apps on R3&rsquo;s enterprise blockchain platform,&nbsp;Corda, and its new confidential computing platform,&nbsp;Conclave. The Fund launched in 2019 to support firms leveraging blockchain for global commerce and to further establish R3&rsquo;s presence in&nbsp;financial services,&nbsp;trade finance,&nbsp;insurance&nbsp;and&nbsp;digital assets.<\/p>\n<h4>&nbsp;<\/h4>\n<h4>Key achievements of the Fund to date include:<\/h4>\n<ul>\n<li>30+ investments to date, across ~20 companies in financial services, trade finance, insurance, digital assets, and other sectors.<\/li>\n<li>Total capital deployed to date is ~USD 10 million, with more than sufficient funding to continue investment activity in 2021 and beyond.<\/li>\n<li>Received 250+ inbound investment opportunities since inception.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>With the launch of Conclave, the Fund expanded its investment thesis to include promising startups building with the confidential computing software. While the Fund&rsquo;s core goal is to further the adoption of Corda and Conclave in R3&rsquo;s core markets, it takes an opportunistic approach in other non-core segments such as digital advertising, media, healthcare and more.<\/p>\n<p>The Fund&rsquo;s portfolio companies show significant progress in both product and business development. In Q3 and Q4 of 2020, during the height of COVID-related economic turmoil, nearly a third of the Fund&rsquo;s portfolio companies marked up their valuation through either equity or convertible loan note fundraises. The portfolio valuation is now at a historic high water mark.<\/p>\n<p>&nbsp;<\/p>\n<p>R3 leads the largest enterprise&nbsp;blockchain ecosystem&nbsp;in the world, comprised of hundreds of firms building and deploying applications on Corda, as well as institutions collectively exploring and embracing its technology to solve real-world problems. The Fund&rsquo;s positions, a select subset of these firms, are all building forward-thinking, use case specific enterprise products and solutions on Corda.<\/p>\n<p>In addition to its financial capital, the Fund devotes significant human capital resources to help advance portfolio companies with Go-To-Market assistance, legal and regulatory insights, technical consultation and a robust co-investor community.<\/p>\n<p>&nbsp;<\/p>\n<blockquote>\n<p><strong>David E. Rutter, CEO at R3<\/strong>, said: <em>&ldquo;R3&rsquo;s strength is derived from its community, which includes a diverse range of start-ups from a myriad of industries&mdash;from insurance to education, supply chain finance to payment messaging&mdash;building and deploying apps for customers across the globe. The R3 Development Fund is already known in these industries as an expert strategic investor with a strong track record in backing the most promising early-stage companies.<\/em><\/p>\n<p><em>As ever at R3, collaboration is a key pillar of the Fund&rsquo;s work. Now, more so than ever before, we recognize the importance and value of partnership and work very closely with all of our portfolio companies to provide support across a multitude of aspects, from fundraising to product and business development. We are excited to see so many of them going from strength to strength.&rdquo;<\/em><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Global enterprise software firm R3&rsquo;s Development Fund has reached the milestone of USD 10 million in capital deployed across over 30 investments in more than 20 of the most promising &#8230; <\/p>\n<div><a href=\"https:\/\/theotcspace.com\/r3-development-fund-invests-first-10m-in-over-20-startups\/\" class=\"more-link\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":19498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2845],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/172562"}],"collection":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/comments?post=172562"}],"version-history":[{"count":0,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/posts\/172562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/media?parent=172562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/categories?post=172562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theotcspace.com\/wp-json\/wp\/v2\/tags?post=172562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}