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DGAP-Media / 2018-09-25 / 09:00
*FRANKFURT/HEIDELBERG*, September 25, 2018 - Through its EOS VC fund "FinLab
EOS VC Europe I GmbH & Co. KG" ("FinLab EOS VC Fund"), FinLab AG (ISIN:
DE0001218063; Ticker: A7A.GR) invests a seven-digit amount into Instaffo
GmbH, developer of VAEON, to develop the autonomous EOS-based blockchain
project, VAEON. With the investment, Instaffo is the first company to
receive financial backing from the $1 billion EOS VC venture via one of
their selected partners.
Investors behind the FinLab EOS VC Fund are Block.one [1], developers of
blockchain software EOS.IO and founders of EOS VC, and FinLab AG [2], a
stock-listed German company builder and investment firm specializing in the
fintech sector. In March 2018, the companies announced a $100 million
initiative to invest in projects, especially throughout Europe, which
utilize EOS.IO blockchain software and seek to benefit the EOS ecosystem.
The overall goal is to support and stimulate the development of new
technology within the EOS European community.
"We are happy to welcome Instaffo and its protocol VAEON as our first global
investment at the new FinLab EOS VC Fund," said Theo Woik, Senior Investment
Manager at FinLab. "VAEON Protocol is an important advancement in the
ecosystem of EOS that will fuel the development of the EOS-based web 3.0; we
are happy to support the VAEON team in building this future."
VAEON is an independent and open protocol with built-in governance that
seeks to redefine how personal data is structured, exchanged or sold. VAEON
offers the user three key benefits: data privacy, data monetization, and a
single source of truth. The latter means that applications collaborate and
enrich the same decentralized database, thus enabling the user to choose any
application freely without losing their data history or digital identity. On
the other hand, VAEON aims to provide application developers the opportunity
to launch new products or services to an existing user base.
"At the moment, smart contract blockchains are like an open canvas; anything
can be built there. However, before building dApps, a clear infrastructure
of layers, protocols, and libraries is needed. Currently, there are no
standards to make data interoperable," said Andreas Mikolajewski, CEO of
VAEON.
"I believe improvements in data interoperability will be the key driver for
the innovation enabled by Blockchain technology in the next decade," added
Pedro Lopez, COO of VAEON. "VAEON builds this fundamental infrastructure for
future dApps on the EOS ecosystem."
Moreover, VAEON has already secured a cooperation with Instaffo GmbH, a
reverse recruitment start-up, which already has 30 million user data sets
and access to over 1000 customers. Instaffo represents a functional,
first-use case of the VAEON Protocol and is the base for VAEON's
acceleration strategy. Furthermore, VAEON is currently in discussions with
other huge industrial leaders to join the protocol and decentralize their
user database.
VAEO, the cryptocurrency used to interact with the VAEON smart contract,
serves three main purposes: fraud prevention, medium of exchange and, above
all, governance. VAEON Protocol can be viewed as a DAO (decentralized
autonomous organization) whose main purpose is to evolve the data standards
of the future blockchain-driven web 3.0; this is comparable to today's
consortiums (e.g., w3.org) established by industry leaders. The VAEO token
makes these processes transparent in a tokenized world. The VAEON token sale
is scheduled to take place at the end of the year. For more information,
please visit vaeon.io [3].
*About Instaffo GmbH:*
Instaffo GmbH is a rapidly growing German startup founded in 2014. To date,
Instaffo has more than 400 business customers in the German, Swiss and
Austrian region (DACH). Instaffo connects the world with jobs through its
reverse recruitment platform using AI technology.
*Press contact:*
Instaffo GmbH:
p.dietrich@instaffo.de
www.instaffo.com
*About VAEON Trading Ltd.:*
VAEON Trading Ltd., a subsidiary of Instaffo, is developer of VAEON. VAEON
is a decentralized protocol based on the EOS Blockchain that enables
individuals to fully control and monetize their personal data and its value
while giving businesses the opportunity to build new business models in an
intermediary-free ecosystem.
*Press contact:*
VAEON Trading Ltd:
j.hutchinson@vaeon.io
www.vaeon.io
*About FinLab EOS VC Europe I GmbH & Co. KG:*
The FinLab EOS VC Europe I GmbH & Co. KG is a new fund, managed by FinLab
AG, that will invest in projects that are built on the open-source
blockchain-software EOS.IO. The primary focus of the fund is on seed and
early stage startups that are looking for an equity investment. The shared
fund, in the amount of 100 million USD, is set up by Block.one, the company
behind EOS.IO, and FinLab AG.
*About FinLab AG:*
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector
in Europe. FinLab focuses on developing German FinTech start-ups and
providing venture capital for their financial needs, whereas in each case
the aim is a long-term participation and ongoing support of the investment.
FinLab also invests globally, as part of venture rounds, in FinTech
companies, primarily in the USA and Asia.
*Press contact:*
FinLab AG:
investor-relations@finlab.de
www.finlab.de
Phone: +49 69 719 12 80 0
End of Media Release
Issuer: FinLab AG
Key word(s): Enterprise
2018-09-25 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: investore-relations@finlab.de
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Scale), Stuttgart, Tradegate Exchange
End of News DGAP Media
726749 2018-09-25
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(END) Dow Jones Newswires
September 25, 2018 03:00 ET (07:00 GMT)
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