Reech Corporation Group Odysseus Investments and Seed Founders have partnered to launch a new tech investment firm Odysseus Alternative Ventures.
Alongside the launch of the firm, the company is planning to raise a ?1bn fund to invest into a range of FinTech companies and will be run alongside a parallel family of funds to support related alternative assets.
The new group will be majority owned by Reech Corporations, and has been structured to appeal to managers of both family wealth and institutional funds looking to invest in real and alternative assets and move into technology sectors.
The firm will look to support alternative assets and FinTech solutions, it hopes to have over ?1bn AUM within the next five years.
Reech and Seed Founders recently established PropTech Capital, a European fund dedicated to investing in real estate technology startups. This new firm is set to be a logical stage of that collaboration.
As part of the launch, Odysseus will transition its five early-stage FinTech investments into the new group. Seed Founders will follow suit and contribute its existing InsurTech and WealthTech startups.
Odysseus Alternative Ventures will be based in Luxembourg, with operating basis also in London, Paris, and Zurich. It will be comprised of venture capital funds and a series of parallel funds.
Seed Founders founder Minh Q. Tran said, ?OAV is responding to a real need of investors for a framework that enables them to access the opportunities presented by the explosion of disruptive innovation in a meaningful way.
?We are convinced that we can deliver superior returns to investors by giving them access to niche alternative funds in exciting new sectors not covered by traditional firms such as FinTech, PropTech, asset and WealthTech, InsurTech alongside the relevant underlying asset classes in a form which allows them to deploy substantial funds without diluting returns or losing focus.p>
In a recent interview with FinTech Global, Reech Corporations founder Christophe Reech said that PropTech is still a fairly embryonic industry right now, but interest is quickly rising,
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