FABIEN AUFRECHTER, HEAD OF HAVAS BLOCKCHAIN, CHATS ABOUT AN INNOVATIVE CO-INVESTMENT CENTRE WITHIN OUR GROUP WHICH LINKS PROMISING START-UPS WITH VENTURE CAPITAL INVESTORS.
The newly launched Web3Network identifies brilliant start-ups across a range of industries and connects innovative and ambitious projects with a renowned network of investors, accelerating their growth and maximising their success.
Aimed at global projects that focus on decentralised technologies, Fabien explains why Web3Connect is a win/win for both start-ups and Havas.
Tell us a little about the Web3Network and the circumstances that led to its development.
We quickly realised how important it is for start-ups to benefit from a wide network of Venture Capital investors and businesses. Hence, we decided to build Web3Network, a board of Venture Capital investors that selects promising start-ups to enable them to benefit from introductions, business connections with corporates, institutional actors and other start-ups. The main focus of this network are blockchain and crypto projects, but we may also select promising start-ups stemming from other backgrounds in the tech industry.
What makes the network unique?
Web3Network is a global board gathering around Havas Group; Venture Capital companies that share a common belief that blockchain and Web3 will be a disruptive force across industries. Some investors involved include Access Capital Partners, Blockchain Valley Ventures, Blockwall Management, Fabric Ventures, First Bridge Ventures, LeadBlock Partners, Schema Capital, Signature Ventures and YGC.
For the very first time, a global corporate like Havas has launched a specialised network of Venture Capital investors dedicated to the most promising start-ups. It is very exciting to see a global company launch an offer to smaller and highly promising and innovative companies.
What kind of start-ups does the program focus on specifically? What makes a start-up a good candidate?
Web3Network targets early-stage European and global projects focused on decentralised technologies. Web3Network is industry agnostic, with fields as varied as finance, energy, supply chain, mobility and food. A good candidate is any strong start-up with solid attributes in terms of team expertise, business model, vision, product and technology. We want start-ups that could potentially have a concrete impact on specific industries.
How important is it for start-ups to have opportunities like the ones presented by Web3Network?
The Covid-19 crisis has emphasised how far our societies need new technologies. But in the meantime, times are challenging for start-ups to scale their activities. Web3Network is a very efficient tool for the most promising start-ups to be identified and to offer them the materials they need to grow. We offer what start-ups dream of and we provide Venture Capital investors and business connections!
How does it benefit Havas to become involved in businesses like these from the beginning?
Web3Network is a new gateway built by Havas Group to support the most promising start-ups’ growth. It helps blockchain and tech projects fund their growth without spending months trying to contact the right investor with difficulty.
If Web3Network is an opportunity for start-ups, it is also a way for Havas Group to attract the most innovative projects and bring innovation home. This was indeed the whole idea behind the launch of Havas Blockchain three years ago, to support innovative projects and products that will later foster our Group.
What are the long-term goals for this network?
Web3Network is a platform that bridges the gap between start-ups, investors and corporates. Our first goal is to identify and provide the right tools for the most promising start-ups to grow. We will never go for more than 5-10 deals per year. We will focus on quality rather than quantity. Web3Network will also progressively include new Venture Capital investors as board members. We want to become the biggest Venture Capital investors’ network worldwide in the next three years.