Crypto.com launches $200m venture fund

The payments company Crypto.com announced the launch of a venture unit with $200m in capital to invest in crypto startups at the seed stage and in Series A rounds.

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We’re proud to announce the launch of https://t.co/vCNztABJoG Capital, our $200m venture fund.

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Crypto Founders:
\n💰 We will lead your Seed or Series A
\n✅ We will put your project in front of our 10m+ users

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Raising? Ping us at Capital@Crypto.comhttps://t.co/eRdMXfjDFJ pic.twitter.com/o5OZcg3TLW

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— Crypto.com (@cryptocom) March 4, 2021

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According to Crypto.com co-founder and CEO Kris Marsalek, Crypto.com Capital will provide founders in the crypto industry with two main advantages:

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• an authoritative lead investor for early rounds;

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• priority placement on the company’s crypto platform with over 10 million users.

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The venture fund plans to conduct Seed rounds with payouts from $100,000 to $3 million. In Series A rounds investments will range from $3 million to $10 million per project, Marsalek noted.

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“The motto and operating principle of Crypto.com Capital — ‘Founders first’ — emphasized another Crypto.com co-founder Bobby Bao, who heads the unit.

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He added that Crypto.com’s founders understand how hard it is to bring revolutionary ideas to life, and startup founders can count on their full support.

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Earlier, Crypto.com launched a cryptocurrency exchange, and in 2020 entered the decentralized finance sector with the DeFi Swap project — a fork of the Uniswap protocol.

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Earlier, the company received approval from the Maltese financial regulator to obtain a license in the virtual financial assets sector.

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