Asset Reality is one of just 12 companies in the world selected for the 2021 international Techstars Programme.
Less than 1% of applicants get accepted onto the programme putting the company in line for a major $1m dollar investment with the world's largest tech accelerator.
Speaking about the programme Aidan Larkin, Founder and CEO of Asset Reality said: “Being selected for Techstars will accelerate our ability to drive investment and will mean new software development and create new roles across the UK & Ireland as the company grows and expands. The new normal of hybrid working allows us to draw on a wider talent pool of local and international recruits for our new offices in Belfast, Cardiff, Dublin and London as well as aiding our expansion into the US”.
The company has developed an eBay style platform for law enforcement agencies which enables them to manage, sell and track seized criminal assets.
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Commenting on the platform, Mr. Larkin said: “The money raised from proceeds of crime sales gives law enforcement budgets to keep us safe, pays back victims of crime and funds charities and good causes. Literally billions of pounds every year is wasted through inefficient systems and processes when dealing with complex seized assets.There is a major opportunity to build solutions to deal with seized cryptocurrency better, example, and our platform will allow enforcement agencies around the world to recover, manage and sell their assets in one single platform.”
Techstars invests in approximately 500 start-ups and deploys approximately $130M per year, making it one of the largest investors in high-growth early-stage companies by volume in the world.
Source: Written from press release.
