Coinsilium Group Limited: Coinsilium to cornerstone funding round for AI powered Infrastructure Finance platform, Silta Finance AG
Announcement provided byCoinsilium Group Limited · COIN
Coinsilium Group Limited (COIN)
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium Group Limited: Coinsilium to cornerstone funding round
for AI powered Infrastructure Finance platform, Silta Finance AG
Eddy Travia, Chief Executive of the Company commented:
“We are delighted to further support Silta Finance and its highly experienced team led by Ben Sheppard in this latest funding round, as cornerstone investors.
The feasibility and due diligence process for infrastructure projects is known to be extremely time consuming and cumbersome. Silta aims to address this industry-wide challenge head-on with their advanced AI methodology. AI is already proving that it has the potential to redefine complex processes and transform industries, thereby providing a significant competitive advantage to companies such as Silta who are first movers in integrating these new tools into their business models.
We see this investment in Silta as a great fit for Coinsilium’s project portfolio and we will be following their progress very closely going forward.”
Ben Sheppard, Co-founder at Silta commented:
“In the past year, Silta has meticulously crafted a proprietary model featuring 360 data points for evaluating the bankability of infrastructure projects. We have successfully conducted pilot tests in sectors including solar energy and high-speed drone highways, affirming the model's robustness. The fresh injection of capital from this current funding round will be instrumental in advancing our next developmental phase, particularly in integrating legal and sustainability dimensions into Silta's AI capabilities.
Working with Coinsilium has been an enriching experience; Malcolm and Eddy’s insights have been invaluable in helping us shape our strategy, honing our product-market fit, and refining our go-to-market approach.
We now have a robust sales pipeline with an estimated
On 5 May 2022, Coinsilium announced its appointment as strategic advisor to Silta and that it has entered into an Early Contribution Agreement (“ECA”) with Silta to purchase
Silta is developing an advanced Artificial Intelligence (AI) powered platform designed to revolutionise sustainable infrastructure financing by automating the due diligence, feasibility, and project preparation processes.
Silta’s advanced AI methodology will analyse vast amounts of data automatically, swiftly evaluating a project’s potential, feasibility, and risks; thereby accelerating the evaluation process and readiness for financing. This frees up valuable time and resources, allowing developers to focus on the most practical imperatives of driving meaningful change and achieving sustainability targets and goals. Further details regarding Silta can be found on their website: https://silta.finance/
Convertible Loan Agreement
Under the terms of the Convertible Loan Agreement, Seedcoin will provide a loan for an aggregate principal amount of
Under the terms of the Option Agreement, Seedcoin has the right to subscribe to up to 163,575 new shares in Silta for an aggregate value of up to
Subsequent to the Loan conversion, should Seedcoin exercise its Option entitlement in full, it will hold a total of 185,881 shares or 6.7% of the total share capital of Silta.
The Directors of Coinsilium Group Limited take responsibility for this announcement.
Notes to Editor
Coinsilium is an investor, advisor, and venture builder at the forefront of Web3 convergence. The Company invests in and accelerates Web3 and AI powered technology start-ups whilst supporting their development and commercialisation.
Coinsilium also provides strategic advisory services to start-ups looking to issue tokens through token generation events. Coinsilium’s wholly owned subsidiary Coinsilium (
In 2015, Coinsilium became the first blockchain company to IPO. Coinsilium shares are traded on the Aquis Growth Market in
Silta is developing an advanced Artificial Intelligence platform designed to revolutionise sustainable infrastructure financing by automating the due diligence and project preparation processes.
Utilising a proprietary 360-data point analytical framework, the platform offers rapid bankability assessments, sustainability impact evaluations, and comprehensive project preparation tools. This enables financial institutions and infrastructure developers to make informed decisions quickly, reducing costs and accelerating project timelines. Further details regarding Silta can be found on their website: https://silta.finance/
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