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COSIMO Ventures Announces Initial Coin Offering (ICO) by Portfolio Company GECKO Governance to Develop the First Global Governance and Compliance Solution for the Token Sale Market

COSIMO Ventures, a global deep technology venture capital firm,
announced that portfolio company GECKO Governance is launching an
initial coin offering for investors worldwide, including U.S. accredited
investors. GECKO, which created the first RegTech Blockchain solution
for financial services institutions, expects to raise $20 million from
the ICO, which will be used to expand its governance and compliance
platform into the Token Sale market.

COSIMO Ventures is investing in pioneering technologies that are
designed to increase the transparency and accountability of digital
currency markets, and support the development of regulatory and
compliance frameworks. GECKO Governance’s new GECKO Crypto1 solution
aims to become the industry standard for Token Sale regulation and
compliance, providing investors for the first time with the same levels
of transparency, compliance, and accountability at every stage of a
Token Sale – a service that GECKO currently provides for traditional
investments.

“Investors are demanding transparency and governance for digital
currencies in the same way they did for hedge funds and all other
investment vehicles that now compose our financial ecosystem,” said
Ciaran Hynes, Managing Partner at COSIMO Ventures. “COSIMO has teamed up
worldwide with regulators, industry leaders, as well as technology
innovators such as the GECKO Governance team to develop new solutions
that incorporate best practices and build confidence in these new,
innovative and truly global investment vehicles.”

GECKO received a license from regulators in the Isle of Man to launch an
ICO through its website, www.GECKOTokenSale.com.
The ICO is open to investors worldwide, including accredited investors
in the U.S.

GECKO, which ranks 10th on RegTech 100, a list of the most
influential RegTech companies worldwide, uses a blockchain-based system
to ensure that fund managers and banks using its financial services
solution have access to data that is live and can be independently
verified and audited. The company plans to extend this to Token Sales, a
fast-growing global market that is coming under increasing scrutiny by
regulators worldwide.

“In just a few years, growth in Token Sales have accelerated at a
surprising rate, with organizations raising $6.8 billion last year
alone. We believe that even with this rapid growth there is pent-up
demand waiting to be unlocked if the market can demonstrate greater
transparency and accountability,” said Shane Brett, Chief Executive
Officer and co-Founder of GECKO. “With GECKO Crypto1, we will be able to
offer a compliance system that will bring transparency to Token Sales,
unlocking the market’s full potential by allowing a new investor base,
such as large institutions, the opportunity to participate with
confidence.”

Based in Dundalk, Ireland and with offices in New York and Sydney, GECKO
won the “Best New Start Company” award at the 2016 “Seedcorn
Competition,” Europe’s largest start-up prize. Dan Viola, Partner and
head of the Regulatory and Compliance Group at Sadis & Goldberg LLP and
former Senior Compliance Examiner for the U.S Securities and Exchange
Commission, recently joined the company as an advisor. He serves in that
role with Jeff Parker, former Chief Executive Officer of Thomson
Financial.

For more information about GECKO Governance, visit www.geckogovernance.com.
To learn more about COSIMO Ventures, visit www.cosimoventures.com.

About GECKO GovernanceGECKO Governance has developed the
world’s first Blockchain solution for financial services regulatory
compliance. Founded in 2014, the company has offices in Dundalk,
Ireland, New York and Sydney, allowing it to provide oversight of all
compliance tasks, as well as an independent audit trail for regulators
in real time. Winner of the 2016 Seedcorn Competition, the company also
placed 10th among the RegTech 100 in 2017. GECKO Governance
is a Founding Member of the International RegTech Association (IRTA) For
more information visit www.geckogovernance.com.

About COSIMO VenturesCOSIMO Ventures is an investment firm
focused on transforming promising deep technology companies into global
industry leaders. With offices in Boston, New York, and Dublin, COSIMO
Ventures invests in sectors including blockchain, digital currencies,
virtual reality (VR), augmented reality (AR), machine learning, and the
Internet of Things (IoT). The company also offers special expertise in
working with promising Irish and UK early stage technology companies and
supporting their global expansion. More information can be found at www.cosimoventures.com.

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