AVA Labs Acquires Investery Inc to Expand AVA Labs’ Fintech Service
AVA Labs, a proficient and modular decentralized services platform, has declared the procurement of Investery Inc., an exclusive capital markets platform that endows investors with the capability to control alternative investments. As part of this acquisition, Investery’s current alliances will be transferred over to AVA, and its CEO and Founder, John Wu, as well as VP of Business Development and Product, Lydia Chiu will become full-time members of AVA Labs.
Emin Gün Sirer, Co-Founder and CEO of AVA Labs, remarked on the acquisition, saying:
“Today’s acquisition of Investery represents AVA Labs’ commitment to the continued development of our financial services offering and bolsters our position at the forefront of innovation in the DeFi space. What’s more, we’re delighted and honored to welcome John Wu and Lydia Chiu to the AVA Labs team. As Wall St. alumni, John and Lydia bring with them significant expertise that will enable us to bridge the gap between traditional finance and digital assets. This is an important strategic push for AVA Labs that will further strengthen our platform, broaden our base of partnerships, and assist us in reaching new customers.”
Investery, established in 2019, provides a comprehensive range of services to aid investors in analyzing, managing and engaging in private market transactions. Through its online discovery marketplace, users can access different vertical marketplaces with ease and view both their deal inventory and portfolio holdings in one app. The company’s experience within the FinTech sector will be used to expand the Avalanche platform. By allowing access to private resource platforms as well as issuing private financial assets, this purchase will further develop AVA Labs’ monetary capabilities. In addition, Investery will broaden AVA Labs’ customer base while also creating valuable connections within the financial services industry.
Before setting up Investery, John Wu was the founder of Sureview Capital with a financial input from Blackstone. He had previously been a tech investor at Kingdon Capital and Tiger Management. His extensive experience in technology entrepreneurship included the position of CEO of SharesPost’s Digital Assets Group where he created and managed their digital assets division, which carried out the earliest full-custody trade of digital securities. Lydia Chiu also brings with her an abundance of knowledge on the financial sector from her former roles in traditional finance at Morgan Stanley and Credit Suisse. She used to be Director of Digital Assets at SharesPost, Senior Analyst at Sureview Capital, and recently was VP for Business Development and Product at Investery.
John is to be the President of AVA Labs, with Lydia in charge of Business Development as Vice President.
John Wu, CEO and Founder of Investery, summarized:
“AVA Labs’ vision to leverage blockchain to drive liquidity, create new markets and streamline trade across financial markets globally is something that Investery is wholeheartedly on board with. Joining forces allows us to strategically align to expand our service offering for the next generation of financial services.”
Investery Inc. is a private capital markets platform empowering investors in alternative investments. Our mission is to provide a full suite of services to help investors research, manage, and transact in the private markets. Our online discovery marketplace offers a seamless experience to various vertical marketplaces, enabling investors to see deal inventory and their portfolio holdings in one app.– about Investery Inc.