Founding partners Globalive Capital, the founders of Mundo Inc. and VRG Capital announced on January 9 the launch of Globalive Technology Partners (GTP), a new company that develops software and hardware technology stacks based on blockchain technology.
Canadian entrepreneur Anthony Lacavera will serve as Chairman and CEO of GTP. As Chairman and Founder of Globalive Capital, Anthony Lacavera is best known for founding WIND Mobile in 2007, which became Canada's fourth largest wireless carrier before being sold in 2015 to Shaw Communications for $1.6 Billion.
Blockchain investment is currently being driven by the price of bitcoin, when it should be driven by its potential to create significant value with real world applications. We are focused on being the first to commercialize blockchain technology across a variety of industries most susceptible to disintermediation — cutting out the middleman.
Founder, Chairman and CEO, Globalive Technology Partners
GTP is negotiating with 25 potential partners, and announced on Tuesday its first joint venture with media startup VIDL News, which is a news technology platform that will utilize artificial intelligence and blockchain technologies to report accurate global news events and incidents in an automated and real-time manner.
An initial round of $10 million in seed financing is currently underway. Globalive Technology Partners anticipates a public offering in mid-2018.