Business
Vemanti Group Announces Investment From Alpha Sigma Capital
Vemanti Group Announces Investment From Alpha Sigma Capital.
About this update from Vemanti Group Inc.
[{"type":"text","content":"\n IRVINE, Calif., March 29, 2022 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Company”) (OTCQB: VMNT) today announced it has entered into an equity investment agreement (the “Agreement”) with Alpha Sigma Capital Fund, LP (“Alpha Sigma Capital” or “ASC”), a pioneering digital asset fund focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. The Agreement outlines an investment structure of up to $2M USD from ASC into Vemanti, allowing the Company to immediately accelerate its business initiatives. At the same time, this new investment validates Vemanti's vision and expansion of digital-first financial products and services to power future growth. This also signals a major collaborative step forward for the two companies. The unification of the two firms will seek to connect innovative blockchain projects to real-world use cases to jointly advance financial inclusion in high-growth emerging markets. The Alpha Sigma Capital team, including CEO, Enzo Villani, and Portfolio Manager, Nick Birnbaum, will assist Vemanti in bridging the capital supply and demand gap between TradFi (Traditional Finance) and DeFi (Decentralized Finance) to help the underserved Small and Medium Enterprises (SMEs). “This is an important partnership for Vemanti as we look to Alpha Sigma’s investment portfolio to help us expand our financial services technology globally, starting with Vietnam and Southeast Asia,” said Tan Tran, CEO of Vemanti Group. “The synergy between our companies will provide a great benefit to the underserved customers we’re helping with our digital-forward banking solutions.” Alpha Sigma Capital is a pioneering digital asset fund founded by Enzo Villani, focused on the blockchain economy and the shift to a decentralized Web3 infrastructure. Since January 2020, the Fund’s investment strategy and approach has resulted in 11 unicorns in under 19 months. “Our focus at Alpha Sigma is anchored in advancing technologies to help power a decentralized financial system for the future,” stated Enzo Villani, CEO of Alpha Sigma Capital. “Vemanti’s strong experience in the Southeast Asian market and their commitment to expanding innovative fin...