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Goren Holm Ventures, the Los Angeles blockchain accelerator and incubator known for producing one of the world’s leading blockchain investment conferences, Crypto Invest Summit, announced today that renowned venture capitalist Tim Draper has invested in Goren Holm Ventures and has expanded his partnership with the firm. “I am excited about doubling-down on Los Angeles and blockchain with the premiere blockchain conference and accelerator team in LA,” said Tim Draper. “Josef (Holm) and Alon (Goren) are ingrained in the LA community and have created a funnel of some of the top talent and entrepreneurs in the world. And we welcome “Draper Goren Holm” to the Draper Venture Network.” The announcement follows Goren Holm’s acceptance into the Draper Venture Network (DVN) earlier this year. DVN is a one-of-kind alliance of self-governed, independent venture funds that cooperate on investor diligence, market intelligence, corporate relationships, and co-investments. “We’ve built a platform that enables us to find, identify and support the most amazing entrepreneurs in the blockchain space, at the earliest stage,” said Goren. “Having Tim Draper, one of the most successful and legendary early-stage investors on our team, further amplifies our efforts and growth.” The relationship between Goren, Holm, and Draper has evolved since then with Draper investing and becoming a board member of the firm. Speaking about the opportunity, Holm commented, “Tim is one of the most respected voices in not only cryptocurrency but throughout the investment world. We’re honored that he decided to join our firm and bring the world-class knowledge he has to offer.” The firm is a venture studio focused on accelerating and incubating blockchain and crypto startups, while simultaneously producing leading blockchain and cryptocurrency events, Security Token Summit and Crypto Invest Summit (CIS). Portfolio companies include Totle, Ownera, Innovesta, LunarCrush, Giftz, Vertalo, Coinsquad, CasperLabs, Element Zero, Blockchain Credit Partners, and more.

This story originally appeared on BlockchainBeach.com. You can read it at https://www.blockchainbeach.com/tim-draper-doubles-down-on-los-angeles-invests-in-la-based-blockchain-venture-studio/