HYPERSTANDARD ESTABLISH $12 MILLION FUND TO INVEST IN BLOCKCHAIN HARDWARE IN CHINA

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SHENZHEN / LUGANO / SAN FRANCISCO – October 22, 2018 – European based tech entrepreneurs Mr. Fredrik Rodievis Ivarsson and Mr. Joakim Hultin has been the driving forces behind an initiative to combine innovation from Silicon Valley together with cutting edge technology and resources from Shenzhen, China. The first project launched from from this initiative is a $12 million fund that will invest in blockchain hardware in situ in Shenzhen. Lead investor in this first fund is Hyperstandard, a blockchain startup based in Switzerland and San Francisco, together with Silicon Valley based angel investors and the initiators of the project Mr. Fredrik Rodievis Ivarsson and Mr. Joakim Hultin. 

The first investment will be to fund a production facility in Shenzhen with the purpose to manufacture hardware that innovates based on blockchain technology. 

This investment marks a notable step forward for Hyperstandard’s entry into hardware. Shenzhen has overtaken Hong Kong and Taiwan as the most innovative cities and is attracting entrepreneurs from all around the world. The benefit of operating over two continents is that it allows product development know-how to combine with production expertise, capital and network in China. This will advance research and development and open up for major developments in the near future.


“Shenzhen’s culture love innovative entrepreneurs. Status is determined by technical skill which is incredibly fresh,” Mr. Rodievis Ivarsson declares. 

“Entrepreneurs and venture capital companies from all over the world have already settled in Shenzhen. This initiative marks the continuation of a collaboration with Shenzhen based entrepreneurs and investors we started a few years ago,” Mr. Hultin continued. 

About Hyperstandard 

Hyperstandard is an IoT blockchain company founded in San Francisco, USA, that enables its users to promote, monetize and share their data in relation to all entities such as music, clothes, and film. Hyperstandard is utilizing blockchain technology to provide provenance, identity, and micropayment of content. 

About Fredrik Rodievis Ivarsson

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Fredrik Rodievis Ivarsson is a Swiss-based creative entrepreneur. With more than 20 years experience as founder of companies in diverse genres including IT, E-sports, hotels and online payment solutions he has a proven track record and broad knowledge covering everything from early-stage startups to mature publicly listed companies. 

About Joakim Hultin

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Joakim Hultin is a Berlin based entrepreneur with more than 20 years experience and, as founder of companies in diverse genres including IT, E-sports, hotels and online payment solutions, he has a proven track record and broad knowledge covering everything from early stage startups to mature publicly listed companies.


For further information please contact 

Ms. Janni Court
Product Manager
Hyperstandard
phone +1 (415) 734-0814
janni@hyperstandard.com 

Mr. Fredrik Rodievis Ivarsson
Partner
Hyperstandard
fri@hyperstandard.com

Media Contact
Company Name: HYPERSTANDARD
Contact Person: Janni Court
Email: Send Email
Phone: +1 (415) 734-0814
Country: United States
Website: 
https://www.hyperstandard.com/