RR² Capital, a pioneering venture capital firm empowering the ‘new internet’, has announced a strategic investment in cutting-edge DAG-based DeFi platform Aleph Zero. The move forms part of a calculated expansion in RR²’s disruptive technology investment portfolio, which is spearheaded by a thesis centered on digital assets, blockchain technology, A.I. and Machine Learning.
The investment took place through RR² Capital’s participation in a private funding round during November 2021. With over 7 years experience as an incubator for more than 120+ disruptive startups RR² is poised to accelerate Aleph Zero’s rapid growth.
Aleph Zero at the Forefront of a DeFi Revolution
Aleph Zero plans to deploy the funding received in the strategic investment to expand efforts in the DLT’s ecosystem development and marketing, alongside a boost to the progressive team of blockchain visionaries driving forward the project’s roadmap.
Substantial progress has already been made since the closure of the initial funding rounds, in just three months Aleph Zero has managed to engage a total of 30 staff on a full-time basis – including 20 software developers. The investment has also enabled Aleph Zero to bring in the expertise of more than 20 project consultants and advisors.
Part of the strategic investment is focused on bringing awareness to the important transition into fast, low-cost, privacy-enhancing, and highly scalable blockchains that have the capacity to meet the demands of enterprise. RR² will contribute towards Aleph Zero’s community building and brand awareness, a fundamental area of strength for the venture capital firm which boasts an impressive community of over 320,000+ members.
Explaining the ethos behind the decision to back the sophisticated blockchain venture, Richard Seiler, Partner at RR² Capital commented:
“Firstly, our interest in DAG-based chains, Aleph Zero has designed an incredible piece of technology and we wanted to be a part of this development. Our fund mission statement says we invest in teams and projects who are developing innovative and disruptive technologies. This could not be more true than with the Aleph Zero team.”