Asset Reality is one of just 12 companies in the world selected for the prestigious 2021 international Techstars London Accelerator Programme. Founded by the world's first seized crypto auctioneer, the world's foremost crypto investigation expert and an experienced corporate finance executive; Asset Reality boasts a network of international consultants, representing a diverse range of legal and ex-law enforcement practitioners who are all well-versed in the challenges of managing seized assets. Techstars is the world's leading accelerator network that helps entrepreneurs succeed. Less than 1% of applicants get accepted onto the programme, putting Asset Reality in line for a major $1m dollar investment with the world's largest tech accelerator.
“Law enforcement agencies have no IT solutions for effectively tracking, managing, and selling seized assets. Asset Reality’s platform will provide a combined case management solution and online asset manager tool to solve these problems and additionally give the public access to a new ‘ebay’ style marketplace to help save time and dramatically increase revenue from the sale of seized assets” said Eamonn Carey, MD of Techstars London.
Speaking about the programme Aidan Larkin, Founder and CEO of Asset Reality said:
“Being selected for Techstars will accelerate our ability to drive investment and will mean new software development and create new roles across the UK & Ireland as the company grows and expands. The new normal of hybrid working allows us to draw on a wider talent pool of local and international recruits for our new offices in Belfast, Cardiff, Dublin and London as well as aiding our expansion into the US.
“The money raised from proceeds of crime sales gives law enforcement budgets to keep us safe, pays back victims of crime and funds charities and good causes. Literally billions of pounds every year is wasted through inefficient systems and processes when dealing with complex seized assets.
“There is a major opportunity to build solutions to deal with seized cryptocurrency better, for example, and our platform will allow enforcement agencies around the world to recover, manage and sell their assets in one single platform.
“We were a little stunned when we got that email saying we’d been accepted onto the Techstars London programme. I’m incredibly proud of the company and our team and the fact that we are only the fifth company from the island of Ireland to be accepted onto this international programme, fills me with pride”.
Having an incredible network of mentors, alumni, investors, and the amazing team, led by Eamonn Carey, Aidan still thinks it all seems surreal.
“We are really excited for the future considering the company only launched this idea from a spare bedroom 18 months ago just as the pandemic started. To realise the scale of the opportunity, we only have to look to our crypto partner Chainalysis, who also started off in Techstars in 2015, as a small start-up and have now grown to a $4 billion dollar company.
“Whilst my co-founders, Hugo Elliott & Nick Furneaux (author of Investigating Cryptocurrencies) and I have our feet firmly on the ground, it's wonderful to have that network that allows us to think big,” said Aidan.
Eamonn Carey, MD of Techstars London, says he is particularly excited with the inclusion of Asset Reality in this tenth anniversary intake.
“We always talk about team, team, team, market, traction, idea as being the order in which we assess companies - and in this instance, Aidan and the team have unrivalled founder-market fit, alongside real business and technical nous. I've already heard from our mentors and investors about how excited they are about the opportunity in front of Asset Reality, and I look forward to supporting them over the coming weeks, months and years.
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About Asset Reality
Asset Reality is the seized crypto asset company with an end-to-end solution for managing and realising seized crypto and complex assets.
The company was co-founded by Aidan Larkin, a UN consultant and lecturer on seized assets working with the EU Anti-Corruption Initiative working in Ukraine. In addition to developing a new software platform, the company is also advising government agencies worldwide on how to better manage seized assets.
“We explore how tech start-ups are helping victims and governments fight back against cyber criminals and money laundering to make the crypto-verse safer for everyone and ensuring crime does not pay.”
Techstars currently operates 47 accelerators in 33 cities and 12 countries around the world. Since its inception in 2006, Techstars has invested in 2,589 companies, which today have a combined market capital valuation of $220.1 billion. It counts 15 unicorns among its accelerator graduates, including DigitalOcean, Chainalysis, PillPack and SendGrid. Techstars invests in approximately 500 start-ups and deploys approximately $130M per year, making it one of the largest investors in high-growth early-stage companies by volume in the world.
About Asset Reality & Chainalysis Partnership