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Invictus Capital to support blockchain entrepreneurs through Hyperion Fund
Crypto investment firm Invictus Capital has kicked off the priority sale for the Invictus Hyperion Fund on April 30, 2018.
Announced earlier this year, the Hyperion fund is a syndicated venture capital fund focused on early-stage investing through SAFTs, private and public pre-sales, and initial coin offerings (ICOs). It will provide investors access to a diversified portfolio of professionally vetted early stage investment opportunities, as well as other benefits going beyond financial support.
Invictus Capital will conduct thorough due diligence on the projects that apply through its portal. Once completed, it would decide to support a project through an investment typically in the range of $250k to $2m.
“We have been thoroughly impressed with the applications for funding that we have already received and are excited to partner with present and future applicants,” - Daniel Schwartzkopff, CEO Invictus Capital.
Invictus Capital said that it will also leverage its relationships within the venture capital community, inviting investors to support the projects. This is highly beneficial as a degree of confidence can be placed in a project when another team of experts has already vetted it. Co-investing also increases the chances of a project succeeding by ensuring that it can acquire the necessary funds to continue its development and hold a successful ICO.
Receiving support from the Hyperion Fund will boost a project's credibility as it would ensure that a professional team has thoroughly vetted it and chosen to invest. In addition, Invictus will also assist with smart contract auditing, token economics and introductions to their exchange, legal and marketing partners to assist with the public ICO raise and eventual token listing.
“As the ICO market matures, we are confident that independent investors are getting wiser, making it more difficult for entrepreneurs to simply ride the wave of ICO-hype to succeed. While the amount of funding raised globally through ICOs will continue to increase, so will the degree to which entrepreneurs need to justify their value proposition to investors, the credibility of their team and business model, and tokenomics,” Schwartzkopff added.
The team at Invictus Capital are experienced entrepreneurs and held an ICO (CRYPTO20) that was one of the top 25 most successful of all time at its conclusion. The Invictus Hyperion Fund public sale will begin on 4 May.