360 Blockchain Inc (CSE:CODE) (OTCMKTS:BKLLF) told investors Friday that it has changed its name to Codebase Ventures Inc as it looks to widen its investments beyond blockchain-focused companies.
The new name better reflects the Vancouver-based investment company’s mission to take stakes in fledgling tech companies that will deliver big returns to shareholders.
“As hands-on investors looking for the greatest returns, it made sense to expand our focus beyond blockchain so our team can identify these openings before anyone else,” said George Tsafalas, Codebase’s CEO in a statement.
READ: 360 Blockchain arranges as much as C$1M private placement
In other news, Jeff Koyen will take on the role of chief strategy officer at Codebase Ventures. Koyen was previously a strategic advisor at 360 Blockchain Inc and the CEO of 360 Blockchain USA. In his new role, he will continue to manage Codebase’s portfolio companies while also looking at new investments.
“We remain confident that blockchain technology will radically transform how business is conducted, and we expect our current investments to deliver value to our shareholders,” Koyen said in a statement. “But if we expect to find the most exciting innovations in tech, we must expand our scope and mission.”
READ: 360 Blockchain poised to buy two websites, including ICORanker.com
Separately, the company recently closed a C$1 million round of financing, which will go towards making new investments under the Codebase name.
Codebase’s current portfolio of investments includes stakes in the blockchain company Arcology as well as investments in ICO Ranker, the standard for reviews and analysis of token sales, and Blockchain Ranker, a business-to-business directory of blockchain software, service providers and platforms.
The company’s new website is codebase.ventures.
Contact Ellen Kelleher at ellen@proactiveinvestors.com