Czech WOOD & Company, a CEE financial and investment group, will join Portuguese AgileGTM Blockchain Fund as an anchor investor.
AgileGTM Blockchain Fund is a venture capital fund focused on B2B use cases of blockchain. Their $10M venture capital fund is dedicated to investing in the business use cases of blockchain technology rather than crypto. The firm’s primary focus so far is in early-stage European B2B blockchain startups and enhances its portfolio by providing a Go-To-Market accelerator based in Lisbon.
“While many blockchain funds prioritize liquidity, our fund’s mandate is centered on the long-term success of companies. That’s why we’re focused on B2B and the lasting impact of blockchain technology. For example, we are investing in companies within the healthcare sector that are leveraging blockchain to drive innovation,” shared Filippo Chisari, co-founding GP of AgileGTM Capital. With WOOD as an anchor investor and a focus on the Central and Eastern European market, AgileGTM aims to further develop the growth of blockchain technology for businesses.
Established in 1991 and based in Prague, WOOD is part of Oaklins, a global network of over 850 financial advisory experts with a presence in seven major European cities. The firm offers a range of services, including M&A, growth equity, ECM, debt advisory, and corporate finance, aimed at helping entrepreneurs, corporations, and investors achieve their objectives. WOOD’s Blockchain+ Fund of Funds serves as an institutional limited partner focused on blockchain markets and technologies.
The Recursive spoke to Tomas Kacerovsky, investment manager at WOOD & Company about their motivation to join forces with AgileGTM Blockchain Fund.
What motivated WOOD & Company to anchor the AgileGTM Blockchain Fund?
As a fund of funds, we regularly engage with many crypto-native funds, and through these interactions, we’ve observed that a number of them are focused on startups that essentially recreate existing solutions on different blockchains. However, AgileGTM distinguishes itself with a well-defined and unique approach. Instead of following the trend of simply replicating solutions, they target B2B projects with a clear focus on the end consumer. Importantly, these projects recognize that launching a token is not a prerequisite for success.
What strategic value do you see in this investment?
Although our primary focus remains on liquid funds that invest in secondary markets, we see strategic value in AgileGTM’s approach. Their model aligns with our investment philosophy, and our mandate allows us to also support such initiatives both financially but mainly strategically. We believe this investment brings a fresh perspective to the blockchain space and positions AgileGTM for long-term success.
How do you envision the collaboration between AgileGTM and WOOD & Company evolving over the next few years?
WOOD & Company, along with our Blockchain+ Fund of Funds, has built a strong presence across the CEE region. With our network, we see potential to bring value to AgileGTM by facilitating introductions to key actors within the region.
By leveraging our relationships, we believe we can help accelerate the adoption of blockchain technology in the CEE region.
