Web3 technologies will impact insurance businesses in the future,
Mandalore Partners, a Corporate Venture Capital-as-a-Service specialized in financial services will address new digital challenges by sourcing along with CVP No Limit new insurance cases worldwide for co-investment opportunities
Fund is to make both investments in CVP No Limit and co-investments in the Web3 categories.
Capitalizing on its expertise in the Insurtech sector, Mandalore Partners, a Corporate Venture Capital-as-a-Service specialized in technology venture capital, has chosen the fast-growing field of Web3 and its applications in insurance for its new fund.
Web3 is an idea for a new iteration of the World Wide Web which incorporates various concepts such as decentralization, blockchain technologies, and token-based economics. These innovations will have an impact on virtually every sector of the economy, most especially in the insurance sector, where technologies using blockchain, smart contracts and cryptocurrencies are already being used by some of the largest players.
Mandalore Partners will address these new challenges by sourcing along with CVP No Limit Holdings (CVP NLH) new insurance cases worldwide for co-investment opportunities.
CVP NLH was founded by Gin Chao, an independent director of Binance US and former Chief Strategy Officer of Binance Worldwide. His track record as head of Binance Labs, the venture capital division of Binance, makes Gin Chao an undisputed international reference in blockchain private equity. CVP NLH, in partnership with private equity fund Clearvue Partners (CVP), led by Harry Hui, and specialized in high-growth consumer and technology strategies, announced the launch of a USD 100 million fund dedicated to strategic Web3 investments: the CVP NoLimit Fund I.
Web3 Capital Partners is to make both investments in CVP NLH and co-investments in insurance applications of Web3 technologies.
“With the profound transformations to come in our societies through the applications of blockchain and Web3, it seemed natural for Mandalore Partners to accompany this historic movement through the prism of the insurance sector. It is a great honor to have the opportunity to do so alongside world-renowned experts in Web3 technologies”, said Minh Q. Tran, Managing Partner at Mandalore Partners.
Mandalore Partners specializes in Corporate Venture Capital-as-a-Service. Our mission is to de-risk innovation through the creation of strategic and impact alternative funds, allowing our partners to invest and partner with innovative startups selected for their social and environmental impact. We combine global sourcing based on artificial intelligence and a unique asset-builder methodology to develop innovative technologies with corporates.
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