Ukrainian Hypra fund acquires 25% stake in Boosty Labs

The Web3-oriented hypra.fund bought out NetSolid Investments‘ 25% stake in the world’s biggest blockchain dev shop Boosty Labs. The purchase amount is not specified. 

• Founded in 2017 by young Ukrainian entrepreneur Viktor Ihnatiuk, Boosty Labs is the largest world-class company specializing in outsourcing blockchain technology development, system integration, the automation of technological and business processes of enterprises, and IT consulting.
• Boosty Labs creates and improves finance, fintech, blockchain, and cloud storage projects for crypto industry leaders. Currently, the company has more than 150 employees worldwide, with its headquarters in New York.
• Boosty Labs has alredy implemented over 150 projects for top crypto players such as Ledger, Consensys, Celsius Network, Storj Labs, Bloom Protocol, NEM, Elixir, and NEAR Protocol.

“We have been working closely with the Boosty team for a long time. Knowing how the internal processes are set, we chose to invest in this company because we believe they are the strongest independent development team with the most potential in the market today. Their clients – including Storj Labs, NEAR Protocol, and Ledger – are proof of this. Also, Viktor is a strong founder, with seven years of entrepreneurial experience under his belt. With that background, we want to build the largest blockchain service in the world together,”

says Igor Pertsiya, partner and co-founder of hypra.fund. 

• Hypra.fund is a $25 million Web3-oriented joint venture fund, investing in and building projects with founders. To date, it is the only investor in the company. In addition to the investment, the fund will be actively involved in building the operational processes, sales, and marketing. One of the fund’s unique features is that they initiate and develop projects alongside the founders.