Innovorsa Closes $40 Million Thorton-Altima Fund to Build the Foundations of the Smart Data Economy
Announced at the Global Digital Collaboration Inaugural Conference | 1 July 2025 | Geneva
GENEVA, July 1, 2025 — Innovorsa, a pioneering investment group focused on the future of data ownership and digital infrastructure, today announced the successful close of the Thorton-Altima Fund, its inaugural US$40 million capital vehicle. This is the first of three planned funds under Innovorsa’s long-term strategy to catalyze the global Smart Data Economy.
The announcement was made during the Global Digital Collaboration Inaugural Conference, a landmark event convening international policymakers, technologists, and institutional leaders to advance global trust, data interoperability, and digital cooperation.
“The current data economy is broken—dominated by walled gardens and extractive silos,” said Professor Irene Ng, Executive Chairman of Innovorsa. “The Thorton-Altima Fund is our first step in correcting that imbalance. We combine capital strategy with deep market design expertise to build a programmable data economy—where value flows through smart data licensing, and individuals and enterprises transact on data directly, intentionally, and responsibly.”
A Capital Platform for Smart Data Assets and Infrastructure
The Thorton-Altima Fund will be deployed globally into high-impact smart data programs and ventures that transform locked, siloed data into yield-generating programmable smart data assets. These new Self-Custody Data Assets (Colloquially dubbed “SeCuDAs”) will unlock value across the entire data value chain—empowering data subjects, data providers, and data receivers alike.
“Innovorsa isn’t just backing technologies—we’re backing a shift in the world’s economic architecture,” said Jason Shong, Principal of the Thorton-Altima Fund. “Smart data creates liquidity where there was none. This fund enables a new generation of builders to create interoperable, responsible, and yield-bearing data ecosystems across sectors and borders.”
Designed to Operate Above Borders
With a global deployment thesis, the Thorton-Altima Fund is designed to operate above borders, supporting technologies and platforms that scale across jurisdictions. It will serve as a critical stepping stone in establishing the infrastructure, standards, and governance frameworks necessary for a fair, transparent, and scalable programmable data economy. Backed by long-term strategic partners—including institutional investors committed to decentralization, privacy, and digital sovereignty—the fund targets the infrastructure of tomorrow’s economy.
Investment themes include:
Enabling data mobility and programmability
Establishing smart data standards and stewardship rules of Self-Custody Data Assets
Generating yield with the Self-Custody Data Assets
Fostering interoperability across sectors and jurisdictions
A Shared Vision with Deep Operational Roots
Innovorsa shares leadership with Dataswyft, the company behind the HAT Microserver and one of the earliest commercial implementations of user-owned data infrastructure. Under the shared leadership of Professor Irene Ng, Innovorsa draws from more than a decade of academic research and market-shaping experience to combine investment strategy, operational design, and regulatory insight into a coherent, future-resilient capital platform.
With two additional funds planned under the Thorton-Altima umbrella, Innovorsa is building a comprehensive capital platform to support a systemic shift: from static data trapped in silos to smart data capable of flow, trade, and responsible impact.
For more information on our fund and investment theses, contact us on our website Innovorsa.com.
About Innovorsa
Innovorsa is a global business incubation, family office management and investment group funding the platforms, policies, and capital structures that power the emerging smart data economy. Supported by a growing network of institutional partners, Innovorsa backs frontier technologies and data standards that empower individuals, realign economic incentives, and create new forms of data-driven value across sectors and geographies. The Thornton–Altima Fund is Innovorsa’s inaugural investment vehicle, part of a broader multi-fund strategy to accelerate the global transition to responsible, interoperable data ecosystems.