Luno Expeditions has emerged from stealth and will target early-stage Web3 technology developers, investing from parent company Digital Currency Group’s balance sheet.
UK-based digital assets services provider Luno unveiled a corporate venturing unit on Wednesday to invest in crypto and financial technology, effectively taking over parent company Digital Currency Group (DCG)’s seed-stage investment activity.
Luno Expeditions takes part in seed and pre-seed rounds for financial technology and cryptocurrency technology developers. It has so far operated in stealth, and said it has already made more than 20 investments.
The fund’s portfolio companies include decentralised finance platform developer Block Earner, decentralised credit score service…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
