NEW YORK (Consensus 2018) , May 15, 2018 (GLOBE NEWSWIRE) -- Swarm (www.swarm.fund), the blockchain for private equity, today announced the listing of SparkLabs, the largest accelerator network in Asia. Founded in 2013, SparkLabs supports innovation sectors including IoT, smart cities, sustainability, and healthcare.
Through its listing of the SPRK Token, Swarm Fund will support SparkLabs’ effort to raise up to $30 million through a security token offering. This will fund two of SparkLabs’ accelerators, one focused on smart city development in South Korea and another supporting sustainability efforts in Australia.
“We’re excited to bring this unique opportunity to support innovation to Swarm Fund’s members,” said Philipp Pieper, CEO and co-founder of Swarm Fund. “By listing SparkLabs, a global leader in this space, we provide an opportunity for private investors to support smart city and sustainability efforts that they otherwise wouldn’t have access to.”
“We selected Swarm Fund as one of our partners for a security token offering that we believe is conservative and provides a better understanding for venture capitalists on how tokenization can affect our industry in the years to come,” said Frank Meehan, Co-founder of SparkLabs Group. “We believe our Smart City & Smart Planet Fund allows people across the globe to invest into two accelerator funds that can truly change the world in terms of urban innovation, innovation in agriculture, and how we interact with our planet. Our partnership with Swarm Fund will help us achieve our goals of funding breakthrough innovations in South Korea, Australia, and beyond.”
Swarm Fund makes traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the “swarm” by pooling together smaller investments into larger, institutional-sized blocks. Swarm gives fund managers access to capital from a new class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. By leveraging Artificial Intelligence and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of funding built in.
With a unique market infrastructure built on blockchain technology, Swarm Fund enables investing cryptocurrency into real assets and deploying traditional capital into cryptocurrency markets. With a legal and regulatory framework compatible with institutional investors, Swarm enables a new paradigm for private equity and lowers the barrier to entry for investors.
To learn more the private equity blockchain, please go to https://swarm.fund/ or visit the Swarm Fund team at Consensus 2018, booth 54.
ABOUT SWARM FUND
Swarm Fund is the blockchain for private equity. Swarm is creating a unique market infrastructure built on blockchain technology that enables investing cryptocurrency into real assets and deploying traditional capital into crypto markets in a new way. Swarm is built for: Crypto Investors who want to de-risk their portfolios, Family Offices looking for a more efficient way to invest into crypto and alternatives, and everyday retail investors searching for access to opportunities that were not accessible before. With a legal and regulatory framework compatible with institutional investors, automation to remove middle men, and prioritizing access for all, Swarm can streamline and help double the Private Equity industry from $2.5 trillion to $5T+ in the next five years.
MEDIA CONTACT: swarm@transform.pr
ABOUT SPARKLABS GROUP
SparkLabs Group (www.sparklabsgroup.com) is comprised of SparkLabs accelerator network, one of Asia’s premier startup accelerators; SparkLabs Global Ventures, a leading global seed stage fund; SparkLabs Ventures, a localized early-stage fund (Series A & B) in South Korea; SparkLabs Capital, a late stage investment vehicle. SparkLabs accelerator network consists of SparkLabs Korea (Seoul), SparkLabs China (Beijing and launching Shanghai, Chengdu and Shenzen), SparkLabs IoT & Smart Cities (Songdo, South Korea), SparkLabs Taipei, SparkLabs Cultiv8 (Sydney) and Ping An FinTech Accelerator, Powered by SparkLabs (Shenzhen & Hong Kong).
Forward-Looking Statements Disclosure
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