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jventures.com

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Investments

5

Funds

2

About J Ventures

J Ventures is a Silicon Valley-based VC.

J Ventures Headquarter Location

California,

United States

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Latest J Ventures News

Thailand’s First ICO Halts Fund Raising, to Focus on Liquidity Boost

May 7, 2019

J Ventures, which launched Thailand’s first initial coin offering (ICO), has decided to halt its further fundraising process and focus on the adaptation of its digital currency. According to Bangkok Post’s May 7 report, the company is not squashing the idea of a further token sale but is now focusing to make JFin coins a mode for goods and services payment. “I will raise new funds whenever the system [related to the decentralized digital lending platform (DDLP) and the existing tokens are well functioning and operating implicitly, which could be after 2020,” Thanawat Lertwattanarak, CEO of the company, told the local news publication. He also explained that “well functioning” means a coin with sufficient liquidity and for JFin coin, the price must be above THB 6 (near about $0.19), the same value at which the token was first offered. A victim of ‘crypto winter’ The Thai company launched its first token sale round in February 2018 and sold 100 million JFin coins out of total issued 300 million in mere 55 hours. More than 2,200 investors participated in the token sale as the company raised THB 600 million (around $18.8 million). Suggested articles 3-Month Free Trading Offer with TIOmarkets Ends Soon Go to article >> Out of the remaining 200 million tokens, 90 million are reserved for the next ICO round while the company has committed to distributing 70 million tokens to Jay Mart Group and subsidiaries, and the development team controls 40 million coins. However, just like any other digital currency, the token could not hold its value and has depreciated by more than 50 percent from its issue price of THB 6.60 (nearly $0.21). “The distribution of all remaining parts has been postponed until the existing tokens have sufficient liquidity,” Lertwattanarak added. Liquidity is important The company is set to launch seven projects to boost the demand for the digital currency in the market, however, details of these projects are not yet revealed. J Ventures is also planning the launch of a DDLP system and a peer-to-peer lending platform in July. For better control over the wild crypto market, Thailand’s Securities and Exchange Commission (SEC) approved an ICO portal and is working to do the same for securities token offerings (STOs). The country’s authorities are officially granting licenses to crypto exchanges operating in the country and the primary stock exchage of the country is also planning to start a digital asset trading platform . Share this article

J Ventures Investments

5 Investments

J Ventures has made 5 investments. Their latest investment was in InstaCarro as part of their Series B on August 8, 2021.

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J Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/4/2021

Series B

InstaCarro

$23M

Yes

All Iron Ventures, Big Sur Ventures, FJ Labs, Rise Capital, and Undisclosed Investors

5

3/18/2021

Seed VC

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$99M

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10

9/15/2020

Seed VC

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$99M

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10

8/19/2020

Seed VC

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$99M

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10

5/28/2020

Seed VC

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$99M

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10

Date

8/4/2021

3/18/2021

9/15/2020

8/19/2020

5/28/2020

Round

Series B

Seed VC

Seed VC

Seed VC

Seed VC

Company

InstaCarro

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Amount

$23M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

All Iron Ventures, Big Sur Ventures, FJ Labs, Rise Capital, and Undisclosed Investors

Sources

5

10

10

10

10

J Ventures Fund History

2 Fund Histories

J Ventures has 2 funds, including J Ventures Fund A.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/14/2020

J Ventures Fund A

$4.32M

1

J Ventures II

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$99M

10

Closing Date

2/14/2020

Fund

J Ventures Fund A

J Ventures II

Fund Type

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Status

Amount

$4.32M

$99M

Sources

1

10

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