- Crypto.com has launched a $200 million fund for crypto startups.
- It will issue cheques for seed rounds from $100,000 to $3 million and fund series A rounds between $3 million to $10 million.
- The company also reached 10 million users last week.
Crypto.com has launched a $200 million fund for crypto startups, according to an announcement from the company.
Crypto.com to date has offered an exchange and wallet, plus crypto cards and loans products. Now, the firm is expanding its horizons: after passing 10 million users, the company is looking for long-term partnerships with crypto entrepreneurs and businesses.
That means Crypto.com will fund new cryptocurrency startups. It will issue cheques for seed rounds ranging from $100,000 to $3 million, and it will lead series A rounds ranging from $3 million to $10 million.
Bobby Bao, co-founder, said: “The motto and operating principle of Crypto.com Capital is ‘Founders First.’ As company builders ourselves, we understand how hard it is to bring game-changing ideas to life. Founders can count on us to move fast and provide both capital and access to a global user base, helping them succeed.”
Crypto.com has gained significant traction in the past year—expanding its user base across the world and even bagging a contract to sponsor Aston Martin’s Formula One team.
Disclosures: Crypto.com is a sponsor of Crypto Briefing. This article was written independently from that relationship. The author held BTC, ETH at the time of press.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article