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Codebase Ventures Inc: DEEP DIVE
OVERVIEW

Codebase Ventures takes aim at investing in early stage technology companies

The venture capital investment company invests in early-stage tech companies, with a portfolio that includes blockchain company, Arcology, and Pressland, an enterprise platform dedicated to fighting false news and misinformation
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OVERVIEW: CODE The Big Picture
Codebase has widened its investments beyond blockchain-focused companies, positioning it to move nimbly
  • The venture capital investment company invests in early stage technology companies

  • Holds a number of stakes in companies, including blockchain company Arcology as well as investments in ICO Ranker, the standard for reviews and analysis of token sales

  • Wholly owned subsidary Pressland is an enterprise platform dedicated to fighting false news and misinformation

  • Expanded focus will allow the company to move nimbly and identify openings before others


Codebase Ventures Inc (CSE:CODE) (OTCMKTS:BKLLF) (FSE:C5B) is a tech-centric investment firm. The venture capital investment company invests in early stage technology companies, and is made up of a team of financial and technology experts. 

The company aims to take stakes in fledgling tech companies and places a focus on investing in companies with "outstanding talent, teams and technology," according to the firm's website. The company is based in Brooklyn, New York but team members are based globally from Belgrade to Vancouver.

The firm has a number of companies within its portfolio including stakes in the blockchain company Arcology, as well as investments in ICO Ranker, the standard for reviews and analysis of token sales, and Blockchain Ranker, a business-to-business directory of blockchain software, service providers and platforms.

Arcology runs a hierarchical blockchain that uses proprietary algorithms and artificial intelligence to eliminate inefficiencies that hinder rival blockchain platforms. ICO Ranker is a collaborative platform for the rating of icos and blockchain projects. 

Finally, its wholly owned subsidary Pressland is an enterprise platform dedicated to fighting false news and misinformation. Pressland uses artificial intelligence tools and natural language processing to analyze around-the-clock global news output and publish comprehensive, dynamic production data that can be used to identify misinformation before it spreads online.

How it's doing

Codebase has had an active 2019 so far and is positioning itself for busy times ahead.

In February 2019, the firm announced it was changing its name from 360 Blockchain Inc to signal its move to widen its investments beyond blockchain-focused companies. 

“As hands-on investors looking for the greatest returns, it made sense to expand our focus beyond blockchain so our team can identify these openings before anyone else,” said George Tsafalas, Codebase’s CEO in a statement.

It recently announced that it its shares are now eligible to be traded through the Depository Trust Company, which will increase overall visibility with investors in the US and will allow the company's stock to be traded to a wider group of brokerage firms.

“We anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base in addition to more convenience and greater execution speeds," noted Director Brian Keane in a statement.

The firm announced it boosted its equity stake in blockchain group Arcology to 30% in April. Arcology is aiming to build an enterprise platform that’s designed for widespread commercial use.

Also in April, subsidiary Pressland launched a new publication called News-to-Table, covering media trust and transparency. It also extended its partnership with Study Hall, an online community of over 2,000 journalists contributing resources, news, analysis and original reporting for its members.

Pressland signed a partnership deal with iO Ventures, which is developing a personal consumer device that provide customized news and wellness information. The company was founded earlier this year by award-winning journalist Daniel Sieberg, a veteran of Google who helped build the tech giant’s Google News Lab and Google for Media programs.

Inflection points

  • The firm has widened its investments beyond blockchain-focused companies, positioning it to move nimbly

  • Shares are now eligible to be traded through the Depository Trust Company, which will increase overall visibility with investors in the US and will allow the company's stock to be traded to a wider group of brokerage firms.

  • Expanded focus will allow team to identify openings before anyone else

Contact Katie Lewis at [email protected]

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