FTX to launch $2 Billion Venture Capital Funds

Crypto exchange, FTX is launching a $2 billion venture capital fund, focusing on advancing the global blockchain and Web3 adoption.  It will focus on a broad range of investment themes across social, gaming, fintech, software, and healthcare in multi-stage companies.

The venture fund will be moderated by Amy Wu, who led the crypto and gaming investment for the Lightspeed Venture Partners. Amy Wu will also lead the gaming, merger and acquisitions, and commercial initiatives of FTX.

FTX has already made a number of investments in startups before the launch of its venture capital fund. It also joins the ranks of other crypto firms with Coinbase Global and Binance for investing in digital asset startups.