KR1 Plc Investment: Interop Ventures

 
TIDMKR1 
 
27 September 2023 
 
KR1 plc 
 
("KR1" or the "Company") 
 
Investment: Interop Ventures 
 
KR1 plc (KR1:AQSE), a leading digital asset investment company, is pleased to 
announce that the Company is investing a total of US$1,500,000 into Interop 
Ventures Fund 1 LP ("Interop Ventures") with a total of US$750,000 already 
contributed to date, and a further US$750,000 expected to be invested in Q1 
2024. 
 
Interop Ventures is an early-stage venture fund specialising in blockchain 
primitives and protocols of the Cosmos Interchain. Interop was founded by 
Sébastien Couture and Clément Simon, and invests in projects built on the 
Interchain, which is a network of interconnected decentralised applications 
built on the Cosmos technology stack ecosystem. Sébastien and Clément's 
involvement and proximity to builders in the Cosmos community allows them to 
source deals from established and emerging teams in this growing ecosystem. 
Interop Venture's media properties and events also offer teams visibility and 
provide access to a large network of entrepreneurs and developers. 
 
Keld van Schreven, Managing Director and Co-Founder of KR1, commented: 
 
"Investing in Interop Ventures gives KR1 exposure to many undiscovered promising 
early-stage projects in the rapidly growing Cosmos ecosystem. The Interop 
Ventures team comprises exceptional people with a deep understanding and 
relevant expertise in the sector. Sébastien and Clément have built a robust 
reputation as thought leaders in the Cosmos  and `interchain' ecosystems and we 
are thrilled with the prospect of investing with them." 
 
--ENDS-- 
 
For further information please contact: 
 
KR1 plc        +44 (0)1624 630 630 
 
George McDonaugh 
 
Keld van Schreven 
 
Peterhouse Capital Limited (Aquis Corporate Adviser)         +44 (0)20 7469 0930 
 
Mark Anwyl 
 
FTI Consulting LLP (PR Adviser)         +44 (0)7711 387 085 
 
Ed Berry    KR1@fticonsulting.com 
 
Maxime Lopes 
 
Lynn Begany 
 
About KR1 plc 
 
KR1 plc is a leading digital asset investment company supporting early-stage 
decentralised and open-source blockchain projects. Founded in 2016 and publicly 
traded in London on the Aquis Growth Market (KR1:AQSE), KR1 has one of the 
longest and most successful track records of investment in the digital assets 
space by investing in decentralised platforms and protocols that are emerging to 
form new financial and internet infrastructures. 
 
www.KR1.io 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/kr1-plc/r/investment--interop-ventures,c3843358 
 
 
END

(END) Dow Jones Newswires

September 27, 2023 08:59 ET (12:59 GMT)

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