What should we know about investors in Harmony?

HEORHII YABLONSKYI
5 min readApr 17, 2019

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Harmony has raised $18 million in a seed round 2018, CoinDesk reports. The company got funds from several investors, including Lemniscap VC, BCA Fund, UniValues Associates, and Consensus Capital. According to Harmony co-founder, the sale was the only means to get the funding compliant to the company’s “long-term vision…to create a decentralized protocol.”

Let’s describe the main investors in Harmony:

1. Lemniscap

Lemniscap is an investment and advisory firm specializing in investments in emerging crypto assets and blockchain companies.

Categories: Bitcoin, Blockchain, Cryptocurrency, Ethereum, Hedge Funds, Venture Capital
Founded Date: Dec 2017
Founders: Roderik van der Graaf
Operating Status: Active
Number of Employees: 1–10
Investor Type: Hedge Fund, Venture Capital
Investment Stage: Early Stage Venture, Seed
Website: lemniscap.com
LinkedIn: company/lemniscap/about/
Twitter: Lemniscap
Contact Email: info@lemniscap.vc

Investments: Apr 2, 2019 — Seed Round — Harmony — $18M

Other investments:

Lemniscap is an early stage investment and advisory firm specializing in investments in emerging crypto assets and advising blockchain startups.

We are an investment and advisory firm specializing in investments in emerging crypto assets and advising early stage blockchain startups.
We believe blockchain technology will upend traditional business models, resulting in profound changes in the world economy. Our singular goal is to drive this transformation to a more decentralized and transparent future.
Our team consists of talented people with backgrounds in financial markets, PE/VC, technology and entrepreneurship. We have been involved in the blockchain space since 2014 as both investors and advisors and can leverage deep relationships with other participants in the ecosystem.

2. Consensus Capital

Consensus Capital Holdings is a private investment and management firm. Founded in 2017, Consensus Capital Holdings is a private investment and management firm. They have access to the capital, the experience, the expertise, and the partners to provide the right type of transitional capital solution for investment opportunities. They maintain a long term and patient view of holdings in the portfolio.

Headquarters Regions: Great Lakes, Midwestern US
Founded Date: 2017
Founders: Jason Byrd and Michael Brom
Operating Status: Active
Number of Employees: 1–50
Investor Type: Private Equity Firm
Website: http://consensuscapital.ca/
Contact Email: jtb@consensuscapitalholdings.com

Investments: Apr 2, 2019 — Seed Round — Harmony — $18M

Investment Portfolio: EOS, OmiseGO, Filecoin, ChainLink, Streamr, Zen, YOYOW, Seer, Zilliqa, Fortuna, Pchain, NEBULA AI, COCOS, EdenChain, IRIS Network, DFINITY, VITE, Hero Node, Essentia, Merculet, Origin Sport, Esprezzo, Hub, PDX

Consensus Starts With Us.
We believe that blockchain technology will propel all industries to a more transparent, efficient and trustworthy future.
We leverage our ample commercial resources in capital, community, and expertise to help blockchain startups build success.
We will be the starting point for you to achieve consensus with the world.

3. UniValues Associates

UniValues Associates is an early-stage crypto fund investing in companies harnessing the blockchain technologies and token economy. The firm focuses its investments in public blockchain technologies, decentralized protocols and applications, blockchain social media, crypto exchanges, and crypto asset management firms.

Location: Beijing, China
Headquarters Regions: Asia-Pacific (APAC)
Founded Date: 2018
Founder: Steven Li
Operating Status: Active
Number of Employees: 1–50
Investor Type: Venture Capital & Private Equity
Website: https://uva.fund/
Medium: medium.com/univalues
LinkedIn: company/infinity-equity
Twitter: @univalues

Investments: Apr 2, 2019 — Seed Round — Harmony — $18M

Other investments:

It is a cross board investment fund. They are an early-stage crypto fund investing in transformative companies harnessing the blockchain technologies and token economy to change the world.

We are an early-stage crypto fund investing in transformative companies harnessing the blockchain technologies and token economy to change the world.
We focus our investment in public blockchain technologies, decentralized protocols and applications, blockchain social media, crypto exchanges, and crypto asset management firms.

4. BCA Fund

Blockchain Assets Pty Ltd is Australia’s first boutique investment firm focusing only on opportunities in blockchain ecosystems. This a boutique fund for sophisticated investors seeking early exposure to this emerging asset class.

Location: Subiaco, Western Australia
Categories: Digital Asset Management, Blockchain Technology
Founded Date: Q2 2017
Founder: Ian Love
Operating Status: Active
Number of Employees: 1–10
Website: https://www.bca.fund/
LinkedIn: company/sherwood-love-&-associates/
Contact Email: management@bca.fund

Investments: Apr 2, 2019 — Seed Round — Harmony — $18M

Selected Investments: Ethereum ICO — July 2014, Augur — 2016, WeTrust ICO — April 2017, Golem ICO — April 2017, Basic Attention Token — July 2017, Digix — August 2017

It is a highly speculative fund seeking opportunities, which offer small size investment allocations across multiple assets, with each asset providing potentially ultra-high investment returns.

Blockchain Assets invests exclusively in assets that are being developed in the blockchain based ecosystem. Our priority and weighting are on protocol layer assets, but we invest in all layers of the technology stack. We are particularly interested in projects that are natively enabled by blockchain technology and projects that solve a large scale problem that has not to date been solved with existing business or administrative models.
We are a boutique investment firm focusing only on opportunities in blockchain ecosystems.

CB Rank of Investors

Harmony is planning the launch with a pre-mine of 12.6 billion tokens, CoinDesk writes. Currently, a bit over 2.8 billion tokens has been bought by the investors. The rest may be used as incentives to early adopters of the Harmony blockchain. When the network launches, proof-of-stake nodes “will be compensated with an as-yet-undetermined rate of inflation.” With time, the inflation rate should decrease.

Website harmony.one/
LinkedIn View on LinkedIn
Twitter View on Twitter

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