FTX Trading Limited (FTX), has launched FTX Ventures (the Fund), a USD2 billion venture capital fund focused on backing the world’s best teams building in the digital asset ecosystem.
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.
Alongside the Fund’s launch, crypto investor Amy Wu has joined FTX to lead Ventures, gaming, M&A and commercial initiatives. She was most recently a Partner at Lightspeed Venture Partners, a USD10 billion-plus multi-stage venture fund, where she led crypto and gaming investments, including the fund’s investment in FTX.
Read more/Source: Private Equity Wire
