# Paradiso Ventures

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paradiso-ventures

- Industry: Financial Services
- Headquarters: Toronto, Canada
- Website: http://www.balance.ca
- Latest round: Seed (Jun 27, 2019)
- Investors on record: 1

## About

Paradiso Ventures Inc. operates Balance, providing digital asset custody solutions tailored for institutional investors and high-net-worth individuals, addressing security, compliance, and management of digital assets effectively.Founded in 2017 and headquartered in Toronto, Canada, Paradiso Ventures Inc. specializes in digital asset custody. George Bordianu, the CEO and founder, leads the company. In June 2019, the firm raised seed funding from Bicameral Ventures, marking its first known investment round.Balance, under Paradiso Ventures Inc., offers comprehensive digital asset custody services aimed at institutional clients and high-net-worth individuals. Their product suite includes Balance Custody, Balance Yield, and Balance Compliance, designed to securely store and manage assets like Bitcoin, Ethereum, and various ERC-20 tokens. The company serves clients across Canada and the United States, focusing on regulatory adherence and operational efficiency in digital asset management.Balance's revenue model primarily consists of custody fees, transaction fees, and yield generation from asset management. Clients are charged based on the volume of assets held, with additional income sourced from services like asset lending and staking through third-party partnerships. This structured approach ensures security and compliance while enhancing operational efficiency for their clients.Following the seed funding round in June 2019, Paradiso Ventures Inc. plans to expand its product offerings and geographic reach. Future products are being developed to enhance digital asset management services, with anticipated releases in the coming years. The firm is evaluating opportunities to expand into additional markets in North America, aiming for a broader client base by the end of 2023. Recent funding will be allocated to support product innovation and market entry initiatives.

## Funding rounds

- Seed, Jun 27, 2019 — Bicameral Ventures

## Investors

- Bicameral Ventures (https://capitalatlas.ai/funds/bicameral-ventures) — Seed