Crypto.com unveils $200m fund

Crypto.com has launched a $200 million fund focused on crypto startups.

Crypto.com has launched a $200 million fund focused on crypto startups. Based in Hong Kong, Crypto.com Capital will invest in seed rounds between $100,000 and $3 million and Series A rounds from $3 million to $10 million.

PRESS RELEASE

HONG KONG, March 4, 2021 — 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.”