Swiss-based SNGLR Capital bags funds from Ayre Ventures to back Europe’s early-stage tech startups

Switzerland-based SNGLR Capital, a tech-focused venture capital fund, announced on Monday that it has secured a fresh round of funding from Ayre Ventures. The funding amount has not been disclosed.

Founded by Calvin Ayre, Ayre Ventures provides capital to scalable, high-growth businesses within the BSV blockchain ecosystem.

The Group seeks to invest in concepts and large-scale initiatives that are “positively disruptive” and supports their growth through the Group’s broad network and business partners.

Ayre says, “BSV is the only blockchain with the scaling capacity to realise the potential of technologies requiring high volumes of low-cost data transactions, including Internet of Things and longevity, sectors that are undergoing exponential growth.”

“SGNLR XTF focuses on companies with the same capacity for exponential growth, and I’m thrilled to partner with them and explore all that BSV has to offer,” adds Ayre. 

About SNGLR Capital

The venture capital arm of the SNGLR Group, SNGLR Capital specialises in making investments in the sectors such as longevity, and smart mobility and smart cities, as well as “exponential” technologies like blockchain and AI.

The group provides advice to the SNGLR XTF fund, which invests in early-stage digital businesses around Europe and is situated in the Channel Islands of Guernsey.

SNGLR XTF invests in European early-stage tech startups that have the potential for growth in industries like longevity, smart mobility, and smart cities, which are made possible by technologies like artificial intelligence (AI), blockchain, data (IoT; API), 5G, robots, and others.

Dr Daniel Diemers, co-founder of SNGLR Group, says, “We’re delighted to have Ayre Ventures as a key partner and investor in SNGLR XTF. Their experience investing in blockchain, with a key focus on utility and scalability on the BSV Blockchain, will be of high value to us.”

“Our team has tremendous experience as founders, early-stage tech investors, board members, advisors, mentors and coaches.”

“Along with our own deep technological insights, we also have a unique venture-building model involving selected corporate venture units and consulting firms with strong market access and technological capabilities.”