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Laxman Pai, Opalesque Asia: Cryptocurrency exchange company FTX Trading Limited has launched FTX Ventures, a $2 billion venture capital fund that will invest in crypto projects.
The multi-stage venture capital fund said in a press release that FTX Ventures' core mission is to advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech, software, and healthcare.
The Fund will invest in multi-stage companies and projects, providing flexible funding and strategic support from FTX and its network of global partners, it said.
"Our investors at FTX have made a deep impact in supporting our growth and development. We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech," said Sam Bankman-Fried.
Alongside the Fund's launch, crypto investor Amy Wu joined FTX to lead Ventures, gaming, M&A, and commercial initiatives.
Amy was most recently a Partner at Lightspeed Venture Partners, a $10B+ multi-stage venture fund, where she led crypto and gaming investments, including the fund's investment in FTX. She was previously an executive at Discovery, Inc., a global media company, where she led operations and finance across Asian markets, digital businesses, and sports.
Amy said: "I am thrilled to be joining FTX to work alongside Sam and some of the smartest people disrupting the financial services industry. With FTX Ventures, we are looking to ...................... To view our full article Click here
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