Coinsilium Group Limited: StartupToken receives inward investment from one of the world's major investment funds in blockchain (759101)
December 18 2018 - 2:01AM
UK Regulatory
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release.
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: StartupToken receives inward investment from one
of the world's major investment funds in blockchain
18-Dec-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
18 December 2018
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Portfolio Update
StartupToken receives inward investment
from one of the world's major investment funds in blockchain
Coinsilium Group Limited (NEX:COIN), the blockchain venture builder, advisor
and investor that finances and manages the development of early-stage
blockchain technology companies, is pleased to announce an important
development for its investee company StartupToken Ltd ("StartupToken") in
which Coinsilium announced in November 2017 that it had acquired a 30%
holding.
Highlights:
· In November 2017 Coinsilium announced it had acquired a 30% holding in
StartupToken Ltd at a valuation of circa GBP1.2 million;
· StartupToken is a Gibraltar-registered hyper accelerator helping
entrepreneurs in the blockchain space to grow their projects into
successful startups;
· Blockwater Capital, a leading South-Korea digital asset investment fund,
and one of the world's major investment funds in blockchain, has now
acquired 7.4% of StartupToken for total consideration of GBP193,548.39,
valuing StartupToken at GBP2.6 million;
· Coinsilium welcomes this investment in StartupToken from Blockwater, who
share a complementary investment approach to Coinsilium as illustrated by
previous co-investments in RSK Labs (now RIF Labs) and Bundle Network;
· The implied valuation of StartupToken on the Blockwater investment, at
GBP2.6 million, represents a 116% increase on Coinsilium's own investment in
November 2017;
· As a result, Coinsilium's seed capital investment in November 2017 of
GBP360,905, is now worth GBP722,222, an increase of 100% compared to the
original investment;
The uplift in valuation since the announcement of Coinsilium purchasing
shares in StartupToken, illustrates the strong progress made by StartupToken
in the preceding 12 months and demonstrates that the business is well
positioned to take advantage of the growing blockchain and crypto
communities across a key blockchain territory of Asia. Following this latest
round of investment, Coinsilium's equity shareholding in StartupToken will
stand at 27.8%.
Commenting, Yacine Terai, CEO of StartupToken, said: "We are delighted to
receive the support from one of the world's major investment funds in
blockchain, reaffirming our progress to date.
StartupToken's East Asia roadshows for its clients have been a particularly
impressive source of growth, and one that has enabled us to gain a foothold
in a crucial region which holds significant promise for the future of
blockchain technology development.
We are also naturally grateful for Coinsilium's early investment and the
confidence they have shown in StartupToken."
Adding, Eddy Travia, Chief Executive of Coinsilium, commented: "We have
already stated that we have been greatly impressed by the speed at which
StartupToken has been able to gain a strong presence in the industry and
today's investment by one of the world's major investment funds in
blockchain is a good way to finish off a highly active 2018.
We believe Blockwater, with its impressive portfolio of blockchain
investments, is a great addition to StartupToken's equity holders.
Blockchain technology is set to enter a new era in 2019, with many industry
experts expecting the technology to be more widely adopted by mainstream
companies, charities and financial organizations. There are promising
technological advances in other sectors that will allow blockchain to play a
more prominent role in everyday life."
The Directors of Coinsilium Group Limited take responsibility for this
announcement.
For further information, please contact:
Malcolm Palle, Executive Chairman +44 (0) 7785 381089
Coinsilium Group Limited
Eddy Travia, Chief Executive Officer +44 (0) 20 3889 4312
Coinsilium Group Limited
www.coinsilium.com [1]
Guy Miller / Mark Anwyl +44 (0) 207 469 0930
Peterhouse Capital Limited
(NEX Exchange Corporate Adviser)
Nick Emerson +44 (0) 1483 413 500
SI Capital Limited
(Broker)
Notes to Editors:
About Coinsilium
Coinsilium is a blockchain venture builder, advisor and investor that
finances and manages the development of early-stage blockchain technology
companies. It does this through its consortium of top-tier investors,
industry thought leaders and executive managers. Coinsilium's focus is on
driving innovation in fintech and blockchain technologies, enabling
businesses to take advantage of growth opportunities. Coinsilium also
provides advisory services to companies planning token generation events.
Coinsilium shares are traded on NEX Exchange Growth Market, the primary
market for unlisted securities operated by NEX Exchange, a Recognised
Investment Exchange under the Financial Services and Markets Act 2000.
For further information about Coinsilium please visit www.coinsilium.com [2]
About StartupToken
StartupToken is a Gibraltar-registered hyper accelerator helping
entrepreneurs in the blockchain space to grow their projects into successful
startups. StartupToken helps its clients reach the necessary level of
engagement with their communities worldwide thanks to a full-service package
including legal and technical support, token economics and modelling,
compliance, events organisation and growth hacking.
For further information about StartupToken please visit startuptoken.com
About Blockwater Capital
Blockwater Capital is a leading digital asset fund (DAF) that focuses on
bringing blockchain enabled projects to real world application.
For further information about Blockwater Capital please visit
www.blockwater.io [3]
ISIN: VGG225641015
Category Code: MSCU
TIDM: COIN
Sequence No.: 6918
EQS News ID: 759101
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 18, 2018 02:01 ET (07:01 GMT)
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