
TOWARDS A FUTURE OF DECENTRALIZED TRUST MODELS
Digital-sovereign crypto assets will continue to emerge as leading stores of value and ultimately become reference units of account alongside state-sovereign currencies
Web3 infrastructure and the decentralized technology stack will allow for individual data ownership and control as well as better privacy
Open finance applicationswill be built on top of this infrastructure, allowing for trusted financial services accessible to a global investment public.

“As soon as we got to know Tioga it was clear that they had a thorough understanding of the DeFi market. Even before their investment decision was made, they introduced us to a valuable partner who later joined the investment round”
Alexis Massseron, founder Atlendis
"Personally I find a European hands-on & long-term focused blockchain venture capitalist, which is independent of Silicon Valley, a must have in a token round. Tioga fits this mold perfectly for Nym. We've had many insightful conversations on structuring the tokenomics, as well as on the go to market strategy and the token launch game plan (e.g. which market makers to work with, which platform to use etc.)"
Harry Halpin, CEO NYM
“I’m absolutely amazed by the proactive support Nicolas, Michiel and Patrick are giving us ever since the first days of discussing their involvement in our Series A. Especially when it comes to business development, their broad network in the crypto space already opened a lot of doors for us and resulted in concrete deals and partnerships. The straightforward communication and their strong dedication to our cause really feels like they are part of the team.”
Florian Wimmer, founder Blockpit
“The Tioga team is deeply entrenched into the blockchain ecosystem which is highly valuable to create synergies within the space. After writing a cheque they are fully on board and are more than keen to support us as a startup and to further mature our organisation. A solid investor partner and trusted board member to help us grow into our full potential.”
Tim Dierckxsens, co-founder Venly
"The Tioga team has been incredibly helpful to Casa from the very first connection we had with them. They were thorough and thoughtful in their diligence even before investing in us, and they have displayed the same level of care and attention to detail in all of our interactions since. I greatly appreciate their view on the European market and assistance as we expand to that market and beyond."
Nick Neuman, CEO Casa Inc.
"Tioga is a very valuable investor for Scorechain: as lead investor they have helped us connect with key European investors and their role is important in the recruitment and growth process. Also post investment, Patrick and Nicolas are always available while placing great confidence in the management team. We are convinced that they will be able to support Scorechain in the next stages of its development."
Pierre Gerard, CEO Scorechain SA.About
Investment focus
At Tioga we focus on being the best European long-term partner for exceptional Web3 entrepreneurs. Our preferred ticket size is €1.5M with a focus on seed and series A deals.

Europe

Infrastructure & open finance

Equity (focus) and crypto assets

€500k- €5M ticket size

5+ year horizon
Vision
A future of decentralized governance

Team
Core Team

Nicolas Priem
Managing Director & CIO
Nicolas started diving into the crypto ecosystem in 2016 after noticing the beginning of a broader talent migration to crypto projects. As a Belgian national then living in San Francisco, he experienced both an identity theft as well as the multitude of frictions tied to traditional cross-border financial services. This got him particularly passionate about individual sovereignty and open finance.
Prior to co-founding Tioga Capital Partners, Nicolas was a professional investor for over 10 years, with a tenure at the private equity fund Core Equity Holdings (+€1B AuM) and at the San Francisco based private equity fund Altamont Capital Partners (+$2.5B AuM). Earlier in his career, he was a consultant at Bain & Company residing in Brussels, London, and Los Angeles.
Nicolas holds a master’s degree in finance from the KUL, a master’s in general management from the Vlerick Business School, and has passed his CFA level III.
Focus areas: investment strategy, investment research, and investor relations

Patrick Van de Mosselaer
Managing Director

Michiel Lescrauwaet
Managing Director
Michiel discovered Bitcoin in 2012 and hasn't lost his conviction on the potential of decentralised trust models ever since.
He has been an active investor for over 10 years, holds a MSc degree in Business Administration and macroeconomics (magna cum laude), and has published peer-reviewed research in in the field. With his background in finance & a passion for decentralised trust models, the emergence of DeFi in 2020 was a natural fit.
Prior to his role at Tioga, he co-founded Adamant Capital in 2018, a Bitcoin focused fund, and helped develop Bitcoin valuation metrics that are widely used today. Adamant was later acquired by Blockstream.
Focus areas: Investment strategy, investment research, and investment sourcing

Atul Luykx
Technical Advisor (External)
