FTX Launches $two Billion Venture Fund, Hires Former Lightspeed Partner Amy Wu

FTX Trading Limited (“FTX”), currently announced the launch of FTX Ventures (“Fund”), two billion bucks venture capital fund targeted on assisting the world’s very best teams construct in the digital asset ecosystem. The core mission of FTX Ventures is to drive blockchain and web3 adoption globally, with broad investment mandates across the social, gaming, fintech, application, and healthcare sectors. The fund will invest in multi-stage organizations and tasks, supplying versatile funding and strategic help from FTX and its worldwide network of partners.

"Our investors at FTX have made a deep impact in supporting our growth and development. We strive to do the same at FTX Ventures and are excited to find the brightest minds and disruptive innovation in tech,"

communicate Sam Bankman-Fried.

With the launch of the Fund, crypto traders Amy Wu joins FTX to lead Business, Gaming, M&A and Commerce Initiatives. Amy was most a short while ago a Partner at Lightspeed Venture Partners, a $ten billion+ multi-stage venture fund in which she prospects crypto and gaming investments, which includes people of fund into FTX. Previously, she was an executive director at Discovery, Inc., a worldwide media organization, in which she led operations and finance across Asian markets, digital and sports activities firms. .

Ms. Wu stated,

"I am thrilled to be joining FTX to work alongside Sam and some of the smartest people disrupting the financial services industry. With FTX Ventures, we are looking to support entrepreneurs building generational businesses. We're particularly excited about web3 gaming and its ability to bring mainstream audiences into the ecosystem."

FTX Ventures will launch with a crew of eight, which includes General Partner Ramnik Arora, Advisor Armani Ferrante, and some others.