Key Takeaways
- • SPiCE VC, described as the first fully tokenized venture capital fund, reported 2022 IRR above 50% against an average VC IRR of approximately 17%, according to the firm.
- • The fund reported a 6x Multiple on Invested Capital (MOIC), roughly triple the average VC MOIC, and 82% Distribution to Paid-In Capital (DPI) within four years.
- • SPiCE VC announced the launch of SPiCE II, a traditional fund targeting growth opportunities in the digital economy, following a 350% rise in the SPiCE I token price early in 2022.
- • Security Token Market, a security token financial data and media firm, named SPiCE VC the top performing fund in the tokenization and blockchain market.
Summary
SPiCE VC, which describes itself as the first fully tokenized venture capital fund, announced its 2022 results, reporting substantial investor returns despite persistent economic headwinds. According to the firm, the fund's Internal Rate of Return exceeded 50%, compared with an average VC IRR of approximately 17%. The fund also reported a Multiple on Invested Capital of 6x, which the firm characterized as tripling the average VC MOIC. In addition, SPiCE VC achieved 82% Distribution to Paid-In Capital within a four-year period. The company noted that the average time for a VC fund to exit a position is more than double that duration.
Tal Elyashiv, founder and managing director of SPiCE VC, said the firm's investors achieved their goals and that the team sources blockchain-focused companies globally regardless of macroeconomic conditions. The fund invests in platforms and ecosystem providers enabling access to capital markets, banking, real estate and other industries enhanced by blockchain technology. The firm is located in the US, Switzerland, Singapore and Israel.
SPiCE VC also announced the launch of SPiCE II, a traditional fund offering exposure to growth opportunities in the expanding digital economy. The firm linked the launch to a 350% increase in the SPiCE I token price early in 2022. Security Token Market, which the release describes as the largest security token financial data and media firm, named SPiCE VC the top performing fund in the tokenization and blockchain market. Elyashiv said SPiCE II will focus on innovative companies that stand to benefit from the proliferation of blockchain technologies across industries.
Tal Elyashiv, founder and managing director of SPiCE VC, said the firm's investors achieved their goals and that the team sources blockchain-focused companies globally regardless of macroeconomic conditions. The fund invests in platforms and ecosystem providers enabling access to capital markets, banking, real estate and other industries enhanced by blockchain technology. The firm is located in the US, Switzerland, Singapore and Israel.
SPiCE VC also announced the launch of SPiCE II, a traditional fund offering exposure to growth opportunities in the expanding digital economy. The firm linked the launch to a 350% increase in the SPiCE I token price early in 2022. Security Token Market, which the release describes as the largest security token financial data and media firm, named SPiCE VC the top performing fund in the tokenization and blockchain market. Elyashiv said SPiCE II will focus on innovative companies that stand to benefit from the proliferation of blockchain technologies across industries.
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