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Crypto.com Launches $200m Fund For Crypto Startups

Posted 4 weeks ago | by @devadmin

Crypto.com Launches $200m Fund For Crypto Startups

Crypto.com Capital to invest in projects at Seed and Series A stages.

Crypto.com today announced the launch of Crypto.com Capital, its venture arm dedicated to investing in crypto startups at seed and series A stage. With $200 million earmarked for investment, Crypto.com Capital is poised to accelerate the growth of promising startups.

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. Crypto.com Capital will lead seed rounds with cheque sizes between $100k and $3m and Series A rounds from $3m to $10m. We’re looking for long term partnerships with entrepreneurs in every sector of the cryptocurrency industry, so we can advance it together.”

Crypto.com Capital is led by Bobby Bao, co-founder of Crypto.com, who added: “The motto and operating principle of Crypto.com Capital is “Founders First”. As company builders ourselves, we understand how hard it is to bring game-changing ideas to life. Founders can count on us to move fast and provide both capital and access to a global user base, helping them succeed. If you’re building in this space, contact us today: capital@crypto.com.”

About Crypto.com

Crypto.com was founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. Crypto.com serves over 10 million customers today, with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s most widely available crypto card, the Crypto.com Exchange and Crypto.com DeFi Wallet.

Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.

Crypto.com is headquartered in Hong Kong with a 900+ strong team. Find out more by visiting https://crypto.com and https://crypto.com/capital

Original article published on Crypto.com’s blog.

 

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