LARK advises Archetype on its investment in TACEO
The US investor Archetype has successfully led a USD 5.5 million (EUR 4.8 million) seed financing round for the Graz-based crypto startup TACEO. Venture capital firm a16z Crypto from Silicon Valley also participated in the round, as did Cyber.Fund, A.Capital Ventures, Polymorphic, and several business angels.
Business Law Powerhouse LARK provided comprehensive advice to Archetype on this transaction together with US law firm Cooley. Daniel Gubitz and Janosch Engelhardt (both Corporate Law/Venture Capital, BOTH PICTURED LEFT AND RIGHT) led the transaction on LARK’s side. The Austrian law firm Schönherr (with Thomas Kulnigg, Dominik Tyrybon, and Maximilian Czernin) represented the other side.
TACEO was founded in 2022 as a spin-off from Graz University of Technology and the AI research center Know-Center. The startup builds software that enables multiple parties to collaborate on sensitive data without exposing the underlying information.
TACEO’s ‘private shared state’ infrastructure solves the long-considered unsolvable dilemma between data protection and usage. World, the company founded by OpenAI co-founder Sam Altman, has been using this technology for two years.
Archetype is a venture capital fund based in New York City that specializes in early-stage investments in crypto, Web3, and decentralized infrastructure.
