Tezos has invested an undisclosed amount in venture firm Draper Goren Holm, an LA-based venture studio and fund that is a partnership between Tim Draper, Alon Goren, and Josef Holm. In 2017, Tezos raised a huge ICO that reportedly generated over $230 million in funding.
According to Draper Goren Holm, the VC began backing Tezos Stable Technologies in 2020. Additionally, partner Tim Draper has been a long-time supporter of the Tezos network since its fundraiser, well before the venture studio and fund’s establishment in 2018.
“Draper Goren Holm strongly believes in the Tezos community to build and define the next generation of crypto adoption,” said Alon Goren, Founding Partner of Draper Goren Holm. “We believe the differences in the Tezos blockchain, and how it is governed, are monumental to scaling blockchain verticals for the long-term. We are so excited to continue investing in the Tezos ecosystem!”
Tezos seeks to emerge as the “smart contract standard.”
Hubertus Thonhauser, chairman of the Tezos Foundation Council, stated
“Draper Goren Holm has been a great enabler of entrepreneurship in the blockchain tech space for quite some time and has managed to create a large platform involving a global community. The Tezos Foundation is excited to support Draper Goren Holm in fostering projects and use cases building on Tezos.”
Josef Holm, Draper Goren Holm Founding Partner, said they have a lot of plans for the Tezos ecosystem.
