September 7, 2023 – London, United Kingdom
Generative Ventures — a new venture capital firm focusing on emerging machine economies — is thrilled to announce the addition of Lex Sokolin as a managing partner.
Sokolin, known for his experience in the fintech and crypto sectors and a deep understanding of the intersection of finance and technology, will bring his unique insights and expertise to Generative Ventures.
His previous roles as chief economist, CMO and global fintech co-head at ConsenSys, a blockchain technology company, founder of the Fintech Blueprint, a leading industry research firm, and CEO of NestEgg Wealth, a pioneering robo-adviser platform, have equipped him with a profound understanding of the transformative potential of technology in the financial sector.
Generative Ventures is a venture capital firm that will manage private pooled vehicles that invest in the machine economy, which is the synthesis of new economic activity accelerated by AI, powered by fintech and settled on Web 3.0 blockchain networks.
The firm will support founders building on this economic architecture.
Will Wang, a managing partner at Generative Ventures, said,
“We are excited to have Lex join our team. His deep understanding of the space and visionary approach to building companies make him an invaluable addition to our firm. We believe that his expertise will be instrumental in identifying and supporting the next generation of startups.”
Lex Sokolin shared his excitement about joining Generative Ventures, and said,
“I’m thrilled to be joining a team that shares my belief in the transformative potential of technology. We are at the forefront of the machine-enabled economy, and I look forward to contributing to its mission of supporting startups critical to shaping this future across markets, networks and economies.”
In a significant vote of confidence, Bertelsmann Investments, the global venture capital arm of Bertelsmann, has become the first institutional investor in the flagship fund established by Generative Ventures.
Bertelsmann Investments has a strong track record of investing in innovative companies and funds, with over $1.8 billion invested in more than 400 companies and funds worldwide.
Carsten Coesfeld, CEO of Bertelsmann Investments, said,
“We are excited to be the first institutional investor in Generative Ventures’ flagship fund and to back this fantastic team. Their focus on emerging technology and machine-powered…