Swarm, the blockchain for private equity, has listed SparkLabs, the largest accelerator network in Asia. Founded in 2013, SparkLabs supports innovation sectors including IoT, smart cities, sustainability, and healthcare.
Through its listing of the SPRK Token, Swarm Fund will support SparkLabs’ effort to raise up to USD30 million through a security token offering. This will fund two of SparkLabs’ accelerators, one focused on smart city development in South Korea and another supporting sustainability efforts in Australia.
“We’re excited to bring this unique opportunity to support innovation to Swarm Fund’s members,” says Philipp Pieper, CEO and co-founder of Swarm Fund. “By listing SparkLabs, a global leader in this space, we provide an opportunity for private investors to support smart city and sustainability efforts that they otherwise wouldn’t have access to.”
“We selected Swarm Fund as one of our partners for a security token offering that we believe is conservative and provides a better understanding for venture capitalists on how tokenisation can affect our industry in the years to come,” says Frank Meehan, Co-founder of SparkLabs Group.
“We believe our Smart City & Smart Planet Fund allows people across the globe to invest into two accelerator funds that can truly change the world in terms of urban innovation, innovation in agriculture, and how we interact with our planet. Our partnership with Swarm Fund will help us achieve our goals of funding breakthrough innovations in South Korea, Australia, and beyond.”
Swarm Fund makes traditionally exclusive investment opportunities, such as private equity and hedge funds, inclusive for the ‘swarm’ by pooling together smaller investments into larger, institutional-sized blocks. Swarm gives fund managers access to capital from a new class of investors who want access to institutional-type investments, but don’t have the high minimums many institutional funds require. By leveraging Artificial Intelligence and blockchain technology, Swarm provides an entire platform from which businesses can create cryptocurrency-based enterprises with a wellspring of funding built in.
With a market infrastructure built on blockchain technology, Swarm Fund enables investing cryptocurrency into real assets and deploying traditional capital into cryptocurrency markets. With a legal and regulatory framework compatible with institutional investors, Swarm says it enables a new paradigm for private equity and lowers the barrier to entry for investors.
