The cryptocurrency exchange is leaning futher into venture investments, expanding its fund to $500m and hiring a new partner.
China-headquartered cryptocurrency exchange Crypto.com has expanded its corporate venturing unit’s fund to $500m, TechCrunch reported today, becoming the latest crypto exchange to beef up its investment subsidiary.
Crypto.com Capital invests in early-stage crypto technology developers, generally leading seed rounds with investments of up to $1m and up to $10m for series A rounds. The expansion more than doubles the size of its fund, which was initially launched in March 2021 with $200m.
The unit’s focus areas include blockchain gaming,…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
