FTX launches $2 billion Ventures fund, hires former Lightspeed Partner

• FTX poaches Lightspeed Partner Executive Amy Wu to lead FTX Ventures
• FTX aims to advance global blockchain
• The $2B Fund will invest in multi-stage companies and projects

FTX Trading Limited (“FTX”), today reported the send off of FTX Ventures, a $2 billion investment reserve zeroed in support the world’s best groups working in the computerized resource environment. 

FTX Ventures’ center mission is to progress worldwide blockchain and web3 reception, with a wide speculation command across friendly, gaming, fintech, programming, and medical services. 

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The Fund will put resources into multi-stage organizations and activities, giving adaptable financing and key help from FTX and its organization of worldwide accomplices.

Their financial backers at FTX have had a profound effect in supporting our development and advancement. They endeavor to do likewise at FTX Ventures and are eager to track down the most brilliant personalities and problematic developments in tech, says Sam Bankman-Fried.

ALSO READ – $2 BILLION VENTURE CAPITAL RELEASED BY FTX, PLANS INVESTMENT IN CRYPTO PROJECTS

FTX to launch a team of 8 including General Partner Ramnik Arora

Close to the Fund’s send off, crypto financial backer Amy Wu joined FTX to lead Ventures, gaming, M&A and business drives. Amy was most recently a Partner at Lightspeed Venture Partners, a $10B+ multi-stage adventure store, where she drove crypto and gaming speculations, remembering the asset’s venture for FTX. 

She was beforehand a leader at Discovery, Inc., a worldwide media organization, where she drove tasks and money across Asian business sectors, computerized organizations, and sports.

Ms. Wu says he is excited to join FTX to work close to Sam and probably the sharpest individuals upsetting the monetary administrations industry. 

With FTX Ventures, we are hoping to help business visionaries building generational organizations. We’re especially amped up for web3 gaming and its capacity to bring standard crowds into the biological system.

FTX Ventures will send off with a group of eight, including General Partner Ramnik Arora, Advisor Armani Ferrante, and others.

About FTX Ventures

FTX Ventures is a multi-stage investment reserve zeroed in supporting the world’s best groups working in crypto and web3. The asset gives adaptable financing and key help from FTX and its organization of worldwide accomplices. FTX Ventures as of now oversees $2B in AUM.

About FTX

FTX is a digital money trade worked by merchants, for dealers. It offers creative items, including industry-driving subsidiaries, tokenized stocks, forecast markets, and an OTC work area. FTX endeavors to be a natural yet strong stage for a wide range of clients, and to be the most imaginative trade in the business.