Portfolio company VALEGA expands to Singapore with support from new Singapore-based venture developer
Katalysen Ventures (“Katalysen”) is thrilled to share exciting news regarding Katalysen portfolio company VALEGA Chain Analytics (”VALEGA”), a Finland-based venture specializing in virtual asset forensics and monetary transaction monitoring solutions for the financial sector. Over the past few months, VALEGA has experienced substantial growth in demand for its services, successfully serving governments, high-profile institutional clients, law firms and high-net-worth individuals.
In line with Katalysen’s commitment to ensure thatventures have the experience and expertise necessary to grow, we are pleased toannounce that VALEGA will be extending its operations to Singapore, the fintechhub of Southeast Asia. This move perfectly positions VALEGA to tap into thethriving Southeast Asian market, taking advantage of new regulatoryopportunities to provide this market with cutting-edge solutions in virtualasset enhanced due diligence, forensics, and litigation support.
Furthermore, Katalysen is delighted to inform thatOskar Söderström, Katalysen’s former commercial director and current advisor, will spearhead VALEGA's commercial expansion into Singapore. Leveraging his expertise and insight from the DeFi industry and venture development in general,Oskar will establish his own Singapore-based venture developer during the spring.
Leveraging its close ties to Katalysen Ventures, this Singapore-based venture developer will primarily focus on assisting Nordic ventures in expanding into the Asia-Pacific region through market entry activities inSingapore. VALEGA is first out to embrace this new opportunity.
Sven Martinsson, CEO at VALEGA, remarks, "The timing for this expansion couldn't be more opportune for us and the Nordics.New global regulations regarding digital currencies and the blockchain industry create a favorable environment for VALEGA's growth. We are strategically positioned to navigate and thrive in this evolving landscape and are ready to grab that market by storm with advancements in forensic capabilities, machine learning and A.I. models.”
Sven continues, “In tandem with this expansion, we are pleased to share that VALEGA is currently closing an early-bird, bridge funding round. Furthermore, we aim to initiate a Series A funding round at the end of2024. These funding efforts are integral to fuelling VALEGA's growth initiatives and solidifying our position as a leader in crypto forensics, threat detection and prevention as well as litigation support.”
Peter Almberg, CEO at Katalysen, comments, “This strategic decision aligns with our dedication to fostering growth and innovation within our portfolio. We believe that under Oskar's guidance, VALEGAhas an excellent opportunity in Singapore, and longer-term in expanding its global footprint further. This creates value for all stakeholders involved, including Katalysen Ventures.”
