Digital Assets: A $200M Fund From Crypto.com To Support Crypto Startups

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The new venture fund is named Crypto.com Capital.

Crypto.com launched today a $200 million fund for investing in crypto startups at seed and series A stages. The venture arm, Crypto.com Capital, will lead seed rounds with cheque sizes between $100k and $3m and Series A rounds from $3m to $10m. (CoinDesk)

Headquartered in Hong Kong, Crypto.com is a cryptocurrency exchange. It published recently a report that highlighted the rapid growth of the cryptocurrency market since 2021. It said that global adoption of digital assets was led by the sharp rally in the price of bitcoin, the DeFi sector, institutional interest, and the more than 106 million crypto users globally.

In early March, Crypto.com became a sponsor of the Aston Martin Formula 1 racing team.

Crypto founders

Kris Marszalek, co-founder and CEO of Crypto.com said: “Crypto.com Capital gives founders building in the crypto industry two things: a reputable lead investor for their seed or series A rounds AND priority of launch on the world’s fastest-growing retail crypto platform with over 10 million users.”

“We’re looking for long-term partnerships with entrepreneurs in every sector of the cryptocurrency industry, so we can advance it together,” he added.

Meanwhile, Bobby Bao, co-founder of Crypto.com said that crypto entrepreneurs could count on the company to “move fast and provide both capital and access to a global user base, helping them succeed.”

Kraken’s venture fund

Last month, cryptocurrency exchange Kraken too launched a venture fund to invest in early-stage crypto and fintech startups.

The autonomous fund will invest between $250,000 and $3 million in firms working in fintech, crypto protocols, and decentralized finance, as well as enabling technologies such as AI, machine and deep learning, and cybersecurity.

Related Story:  Crypto Exchange Kraken Could Value Over $10B In Potential Funding                                                  

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