Collider Announces $1m Round for New Crypto Venture Builder
Collider Labs, a venture builder for early-stage blockchain and crypto companies, has announced the close of a $1 million investment vehicle.
Founding Venture Partner Avishay Ovadia heralded the announcement, saying,
“Capital raising in the crypto space has been commoditized. Entrepreneurs are drawn to investors who are capable of providing funding, liquidity, and active participation in building the company alongside the founders and community. And Collider Labs is providing just that.”
The venture builder has recently added several notable limited partners including established blockchain executives, CEOs, founders and traders. The firm is actively looking to invest in early-stage blockchain and crypto startups around the world, with projects related to the New Economy (transparency, privacy, fairness) particularly high on the agenda.
In the short term, Collider Labs’ latest program will attempt to identify 10-12 companies worthy of funding and a hands-on “Investor in Residence” mentorship. The company’s flagship venture fund Collider Ventures has made 15 investments since launching in 2019, investing $6 million in companies such as Nexus Mutual, The Graph, Beam, ZenGo, Efficient Frontier, QED-It, Fuse, and IDEX.
32-year-old Ovadia began his journey as an active advisor three years ago, supporting and advising entrepreneurs. After joining Collider Ventures as a founding venture partner, he helped the project raise its seed funding and hire employees. Ovadia also supported the acquisition of software wallet Portis by self-custody crypto platform Shapeshift.
On the difference between Collider Labs and other crypto accelerators, Ovadia explains: “Inside every VC there’s a deep desire to return to be an operator or entrepreneur. Collider Labs is a venture builder that somewhat resembles an accelerator, but with some key characteristics that make it very different from a typical accelerator.
“Early-stage accelerators have an inflexible curriculum, wasting entrepreneurs’ time and focus. At Labs, there is no one-size-fits-all or predefined program that founders need to follow. We form active partnerships with world-class founders, invest in the team, and join them as what we like to call Investors in Residence.”
About Collider Labs
Collider Labs pairs with early-stage companies from inception, providing them with initial capital, an Investor in Residence mentorship, and a network of experts.