Collider Labs Raises $1M For Blockchain and Crypto Startups
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Collider Labs Raises $1M For Blockchain and Crypto Startups

October 22, 2020      Vandana Malik

Collider Labs said in an announcement that they have raised $1 million that will be invested in blockchain and crypto startups. According to the announcement by the firm, the investment came from some notable partners which include Alon Elmaliah and Andrey Shirben. 

Avishay Ovadia, the founding partner of Collider Labs, has said that the firm provides funding and liquidity and also participates in developing startups. Ovadia is thankful to the investors to raise around $1 million for the blockchain and crypto services.

Collider Seeking to Invest in Early-Stage Startups 

Being such a huge surge in the crypto and blockchain industry recently, people are looking to invest their money in it. The same is the case with Collider as they are trying to invest in the early-stage blockchain and crypto startups across the world. The major focus of the firm is on privacy, transparency, and fairness. 

Ovadia mentioned that:

“Collider is a venture builder that somewhat resembles an accelerator. However, there are a lot of characters in this firm that makes it stand out, and hence it is quite different from the typical accelerator.

Venture Builders Could Also Be Seen as Startup Studios

Venture builders could be seen as startup studios because this is their work. Such firms tend to work with the early-stage startups by pairing up with them. Also, utilizing the ideas of both the parties and the builder utilizes their resources to develop feasible enterprises. This is exactly what the work of Collider is as now they want to invest their funds into early-stage startups and make them a proper enterprise.

Ovadia mentioned that their firm forms a partnership with the founders of any startup. Henceforth, invests in teams and work. The firm calls this whole process of investing as ‘Investors in Residence.’ This step by the firm is going to be beneficial for them and the crypto industry.

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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.