Collider Ventures

growth-positive

GMX, a leading crypto exchange in contract trading, has awarded a $1 million grant to the research arm of the Israeli venture capital fund Collider for discovering a critical security flaw in its decentralized protocol. The vulnerability was not a typical code error, but a mistake in the economic logic of the exchanges smart contract system. This error allowed for the manipulation of the internal mechanism that calculates asset values, causing continuous damage to the platforms market makers. Following the revelation, GMX released a patch that prevented potential losses of millions of dollars for its users.

growth-positive

Israeli crypto-focused venture capital firm, Collider Ventures, has completed the first closing of its second fund, Collider II, raising $54 million out of a potential $100 million. The funds investors include public company Mivtach Shamir and XT Hi-tech, owned by the Ofer and Engel families. The fund will continue to operate Collider Labs, a startup accelerator program, and will allocate around $10 million of the raised funds to its activities. The funds first closing represents a significant increase from its first fund, which raised $10 million.

growth-positive

Collider Labs, a new accelerator in Israel, has raised an initial $1 million from a group of investors, including Collider Ventures founders Ofer Rotem, Adam Benayoun, and Avishay Ovadia. The accelerator aims to invest in early-stage companies in the blockchain and cryptocurrency industry. The investment will range from $25,000 to $75,000 for each company. Collider Labs offers a personalized program for each entrepreneur, tailored to their specific needs and stage of development. The goal is to become long-term partners with talented entrepreneurs in the market. The accelerator has already accepted its first startup, founded by Israeli entrepreneurs based in London.