Inversion Labs, an investment company focused on crypto-enabled business transformation, has secured a $26.5 million seed round, according to reporting by The Wall Street Journal. Dragonfly Capital led the round, which puts Inversion’s valuation at $100 million. VanEck, ParaFi Capital, Faction Ventures and Wintermute Ventures also made investments.
Inversion aims to acquire traditional core services businesses from industries such as financial services and set them up with blockchain infrastructure to drive efficiency, growth and crypto tech adoption. The seed funding will be put toward Inversion’s business operations, while financing for acquisitions will be raised through a separate entity known as Inversion Capital.
“Our North Star is to make crypto invisible to our users. They won’t see how the technology works, but they’ll feel the impact. It’s going to be faster, better and cheaper,” Inversion co-founder and CEO Santiago Roel Santos told WSJ.
