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Cosimo X Press Release - Rochester Institute Of Technology Becomes The First University To Invest In Tokenized Venture Capital

June 2020

posted by Cosimo X
545



Boston, MA, July 14, 2020 (GLOBE NEWSWIRE) -- (via Blockchain Wire) COSIMO Ventures, an investment firm with offices in Boston and Dublin focused on transforming promising deep technology companies into global industry leaders, is pleased to announce a seven-figure investment from Rochester Institute of Technology (RIT) (www.rit.edu) into its new, blockchain-focused tokenized fund, COSIMO X.


According to Robert Frasca, Managing Partner, COSIMO Ventures, this is the first time that any university in the United States has directly invested in a tokenized venture fund. Although many similar institutions, including Harvard, Yale, and MIT, have made indirect investments into digital assets and blockchain technology through traditional venture funds such as Andreesen Horowitz and Paradigm, RIT is the first to directly hold a tokenized economic interest in digital security form.          


“As industry leaders, not only is it important for us to invest in businesses advancing cutting-edge technologies, but it is essential to adopt such technologies as a means by which we invest. We are impressed by the entrepreneurial experience and forward-thinking mindset of the COSIMO team and their innovative approach to venture investing. The team’s deal flow has sourced unparalleled investment opportunities and the fund has one of the most appealing economic structures in the market today.” said James Watters, RIT’s senior vice president for finance and administration.


The remainder of the press release can be viewed here.

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ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.