Vancouver’s Mogo has launched a new venture arm to manage its investments in strategic partners and companies that support Mogo’s ecosystem.
Mogo Ventures has investments in leading and emerging crypto and Web3 platforms including Gemini, NFT Trader and Tetra Trust; investments in gaming companies including Enthusiast Gaming and Eleven Gaming; and investments in Bitcoin and Ether.
But Mogo Ventures’ crown jewel is a 39% stake in Coinsquare, one of Canada’s leading crypto exchanges.
“Over the past several years Mogo has been able to leverage its leadership position in the Canadian fintech industry to make attractive strategic investments in a number of leading and emerging players in the broader crypto, Web3 and gaming ecosystems, and today’s announcement highlights the significant value that these investments now represent for Mogo shareholders,” said Greg Feller, President & CFO.
“As we continue to build out Canada’s leading financial technology and payments platform, we will continue to look for ways to participate in value creation opportunities with our partners that drive incremental shareholder value.”
Mogo Ventures will be led by Feller and a newly formed investment committee chaired by Michael Wekerle.
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