COSIMO Ventures, a VC firm with offices in Boston and Dublin, has announced a $3 million seed investment in Oneiro
Ltd., a developer of technology innovations in Blockchain and cryptocurrency.
The investment is being described as one of the largest for a cryptocurrency company established in the United Kingdom (even though Dublin is not in the UK).
COSIMO says this trans-Atlantic strategy reflects their expertise in supporting collaboration and new-company growth between the UK/Ireland and the United States.
Ciaran Hynes, Managing Partner at COSIMO Ventures, said they expect Oneiro to bring the potential of the cryptocurrency market into a completely new realm of acceptance as digital currencies becomes more mainstream/
“We are impressed by the experience and forward thinking of the team at Oneiro,” said Hynes. “This is one of the most exciting projects we’ve seen, and we’re pleased to support them as part of COSIMO’s investment strategy to offer unique technology solutions for the commercial markets.”
Oneiro is focused on developing technologies around decentralized, secure, and dependable cryptocurrency. Blockchain technology has enabled the use and management of digital currencies worldwide, and Oneiro is positioning its technology to be an integral part of the market’s future.