The Zug-based venture capital investment company is inaugurating another European office just four months after its Berlin opening.

CV VC is opening an office in Lisbon, it said in an emailed statement late Wednesday. The office will belong to its CV Labs unit, which helps blockchain-based start ups get off the ground and manages coworking spaces and events.

The country’s booming blockchain and web3 industry as well as its decentralized top-tier talent and infrastructure are named as drivers for the move in the statement.

Shared Enthusiasm

«As an investor in the utility of blockchain, CV VC is deeply impressed by the Lisbon ecosystem, which has shown great achievements in many utility aspects of blockchain technology. Our accelerator and ecosystem builder, CV Labs, shares our enthusiasm, especially regarding what is emerging in Lisbon's food tech and impact startups,» Olaf Hannemann, co-founder and CIO of CV VC said.