FTX Trading Limited recently announced the unveiling of FTX Ventures fund, a $2 billion venture capital fund aimed at backing up the global best teams creating the digitalized assets ecosystem.
FTX Ventures’ primary mission is for advancing the globalized blockchain as well as web3 adoption, alongside a broader investment mandate across social, gaming, fintech, software, and healthcare.
According to FTX announcement, the Fund will invest in multi-stage companies and projects, offering out the flexible funding and strategic support from FTX and its network of global partners,
Additionally, alongside Fund’s unveiling, the Crypto Investor Amy Wu has joined FTX to lead Ventures, gaming, M&A, and commercial initiatives. Beforehand, Amy was a partner at the Lightspeed Venture Partners, a $10B+ multi-stage venture fund, where she led crypto and gaming investments, including the fund\’s investment in FTX.
She was previously an executive at Discovery, Inc., a global media company, where she led operations and finance across Asian markets, digital businesses, and sports.
Ms. Wu says, \”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.\”
Sam Bankman-Fried stated: “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.”
FTX Ventures will launch with a team of eight, including General Partner Ramnik Arora, Advisor Armani Ferrante, and others.
