Crypto.com Invests $200 Million In Crypto Startups
Crypto.com intends to invest $200 million in cryptocurrency startups. The distribution of the amount will take place through the initial round of funding and round A. During these, the most promising projects will be selected.
With these investments, Crypto.com hopes to strengthen partnerships with entrepreneurs in the blockchain industry.
A March 4 press release from the company indicated that a new venture arm, Crypto.com Capital, was launched to accelerate the growth of startups and the cryptocurrency industry in general.
The amount of money injected into one startup in the initial round of funding ranges from $100,000 to $3,000,000. In Series A, investments will grow to $3-$10 million.
Crypto.com Capital's venture capital arm will give people a powerful early-stage investor and launch priority in one of the fastest growing trading platforms, according to CEO Chris Marshalek. At the moment, more than 10,000,000 users have already been registered on the site.
Crypto.com co-founder Bobby Bao said that as the founders of the project, they understand the critical need to invest money in innovative ideas from the start. Therefore, the company seeks to help by bringing the most daring ideas of enthusiasts to life.