Nogle Ventures Strategy Fund Announces Strategic Collaboration with Oyster Ventures and New Investments in the Blockchain Space

The Fund, a segregated portfolio formed and managed by Nogle Capital Management, is aimed at investing in high growth technology ventures. Oyster is a specialized early stage investment platform targeting US-based frontier technology startups in the areas of blockchain, artificial intelligence, fintech, media tech and much more (https://oyster.vc/). The collaboration with Oyster represents a significant milestone in Nogle Capital Management's consolidation in sourcing developing ventures with high growth investment opportunities on a global scale for its investor base.

"The Oyster platform has strengthened our existing network within the global technology community as a truly global investment platform and validates our dedication to sourcing the best investments for our investors," said Carlos Salas, Managing Partner of Nogle Capital Management.

As part of the collaboration, Jonathan Leong, Executive Chairman of Nogle Limited, the parent company of Nogle Capital Management, would be taking a position with Oyster as a General Partner. Jonathan Leong commented, "We have made great strides in reaching our core objectives in a focused and disciplined manner. This collaboration with Oyster proves mutually complementary to each party's objectives and beneficial to each party's investor base."

Oyster's Managing Partner, Ran Wang commented: "Oyster Ventures is very pleased with this collaboration with Nogle Ventures Strategy Fund and Mr. Leong's participation. This collaboration will enable both venture capital firms to complement each other and be ahead of the curve."

Embracing Blockchain Opportunities

The Fund's investments in Blockstack and Telegram confirms Nogle Capital Management's primary goals to build a portfolio of first-class technology startups and is a further testament of Nogle's capabilities, reputation and track record as a leading investor and value-added partner to high growth startups globally. "These investments represent only a sample of the involvement that Nogle Capital Management is making in blockchain and the kind of professional investment firms we participate with. More upcoming opportunities we will be involved in will represent our consolidation as an active participant in the blockchain space," commented Carlos Salas.

• Blockstack (network)

A network for decentralized applications accessed through the Blockstack browser. Blockstack is a new type of Internet browser which uses the blockchain to enable decentralized storage and decentralized authentication & identity for applications allowing interactions between users and applications seamlessly. Users of applications like Facebook or Google would have a shared login and retain control of their identity as the blockchain identifies them within applications. Blockstack is backed by Union Square Ventures, Foundation Capital, Lux Capital, Winklevoss Capital, Blockchain Capital, Digital Currency Group, Y Combinator partner Qasar Younis, Techcrunch founder Michael Arrington and Digg founder Kevin Rose. The co-founders of the blockchain have graduated from Princeton University.

• Telegram (Encrypted messaging)

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. The "Telegram Open Network" (TON) is very likely to become a new, third generation blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. The launch will be funded with an enormous Initial Coin Offering, with forthcoming private pre-sales ranging into the hundreds of millions, potentially making it one of the largest ICOs to date.

About Nogle Capital Management

Nogle Capital Management is a venture capital management firm aimed at investing in high growth technology ventures. Our investment strategy is focused on developing companies with technology innovations (cloud computing, artificial intelligence, blockchain, cybersecurity, data analytics and much more) through active financial and operational facilitation that can benefit from Nogle's extensive business network. Nogle Capital Management is the investment management venture and fully-owned subsidiary of Nogle Limited. For more information, please visit our website: http://www.noglecapital.com/

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SOURCE Nogle Capital Management

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