Binder Groesswang has advised Venionaire Capital on establishing the Tigris Web3 investment fund, “the first Austrian investment fund that invests solely in digital assets.”
According to the firm, “Tigris Web3, as the crypto fund is called, was registered by the Austrian Financial Market Authority as an Alternative Investment Fund. The fund will invest in web3 protocols, which are deemed to constitute one of the most revolutionary paradigm shifts of the 21st century.”
Peter Augustin, the initiator of the fund, is described by Binder Groesswang as an Austrian Internet pioneer: “as the founder of Internet provider Inode, he revolutionized the internet sector in Austria in the 1990s, at the time of Web1.”
Venionaire Capital specializes in venture capital and private equity investments. The Vienna-based company, founded in 2012, provides ongoing support to large corporations, medium-sized companies, and family offices in financing matters.
Binder Groesswang’s team was led by Partner Christian Zwick and included Partner Stefan Frank and Attorney Hermann Beurle.