Spirit Blockchain Capital Receives Strategic Investment from EOS Network Ventures Dec 7, 2023 Dec 7, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 7, 2023 by Kelly Cromley

Spirit Blockchain Capital Receives Strategic Investment from EOS Network Ventures

Vancouver-based Spirit Blockchain Capital (SBC) has achieved a significant milestone with a substantial investment from EOS Network Ventures (ENV) in its recent funding round. The investment, supported by other major investors, reflects ENV’s confidence in SBC’s vision and marks a collaborative effort to redefine the intersection of traditional finance and the evolving blockchain sector.


Strategic Collaboration Beyond Financial Backing


ENV’s participation in the funding round goes beyond providing financial support; it entails active involvement in shaping SBC’s strategic direction. ENV secures a board seat and will actively contribute to the company’s investment committee. This strategic collaboration aligns ENV’s expertise in Delegated Proof-of-Stake Layer 1 blockchain with SBC’s commitment to fostering innovation in the blockchain space.


CEO’s Enthusiasm and Board Welcome


Lewis Bateman, CEO of SBC, expressed enthusiasm about the strategic investment, emphasizing its role in accelerating growth and establishing a meaningful partnership with a key player in the blockchain domain. Raymond O’Neill, Chairman of SBC, welcomed ENV to the board, highlighting the commitment to deepening collaboration and leveraging ENV’s strategic expertise.


A Stepping Stone for Continued Success


The funding, known as “The Offering,” represents the second tranche of SBC’s non-brokered private placement, comprising units and convertible promissory notes. ENV’s active involvement is anticipated to drive SBC’s expansion, foster strategic partnerships, and fuel ongoing innovation in the blockchain and tokenization arena.


Recognition of Innovation and Strategic Confidence


Yves La Rose, Director of ENV and CEO of the EOS Network Foundation, commended SBC’s dedication to innovation. He stated that the investment, coupled with active participation on the board and investment committee, reflects ENV’s confidence in SBC’s ability to navigate the dynamic landscape of the blockchain sector.


In conclusion, the strategic investment from EOS Network Ventures positions Spirit Blockchain Capital for continued success and innovation. The collaboration signifies a pivotal moment in reshaping the blockchain landscape, bringing together the strengths of traditional finance and the evolving blockchain sector. As SBC accelerates its growth and deepens collaboration with ENV, the industry eagerly anticipates the transformative outcomes of this strategic partnership.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.