Crypto.com, a Hong Kong-based platform to buy, sell, and pay with cryptocurrencies, has launched its $200m venture arm dedicated to investing in crypto startups at seed and series A stage.
Crypto.com Capital aims to accelerate the growth of promising startups leading seed rounds with cheque sizes between $100k and $3m and Series A rounds from $3m to $10m.
Crypto.com Capital is led by Bobby Bao, co-founder of Crypto.com.
Commenting on the announcement, 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.”
FinSMEs