The former CIO of Louis Vuitton China, Sunny Lu, established VeChain in the year 2015 and the blockchain project has so far fared fairly well since its creation, amid a number of competitions and challenges.
In January 2018, VeChain got a huge news from one of the first venture investors of Facebook, Jim Breyer, the CEO of Breyer Capital.
The CEO of the venture capital company, due to his interest in VeChain announced that his company reached an agreement to invest in VeChain with the aim of supporting the blockchain project.
Breyer had invested in Facebook as early as 2005. He placed $12.7 million Dollar on Facebook at a time the company was valued $100 million.
While announcing his investment in VeChain, Breyer said he agrees with the vision of VeChain that enterprise would accelerate the adoption and growth of blockchain.
He said he admires VeChain’s enterprise collaboration with PwC and DNV GL, as well as the fact that VeChain has a top-percentile crypto team.
Breyer emphasized he’s pleased to announce that Breyer Capital’s ecosystem now has VeChain as part of it, and he looks forward to helping VeChain in the development of the blockchain network.
CEO Breyer said crypto companies are undervalued, but he believes that the technology behind blockchain and cryptocurrency would grow massively and become an important one in the future.