Swiss venture and advisory firm Blockchain Valley Ventures (BVV) is preparing the launch of its Venture Capital Fund II to back companies in the blockchain and emerging financial technology space, according to founder and CEO Heinrich Zetlmayer.
Austria-based electrical engineering company had filed for insolvency in April 2020
VC house expects to hold a €35-45m first close by the end of July and a final close in around one year
LPs in Exponent III include Aberdeen Standard Investments, Central Pension Fund and CNP Assurances
Company has generated €12m in revenues and has a 25% EBITDA margin