launches $200M investment fund for crypto startups

Spread the love has launched a venture arm and has set aside $200 million to invest in promising cryptocurrency startups, as it seeks to develop its partnerships with entrepreneurs in the cryptocurrency and blockchain industry.

According to an announcement on March. 4, the new venture arm, which is named Capital, was launched to accelerate the growth of cryptocurrency startups, and to advance the growth of the industry in general.

The $200 million fund is going to be used to invest in seed rounds for promising startups, with single investments poised to reach anywhere between $100,000 and $3 million. Investments in Series A funding rounds will reach anywhere from $3 million to $10 million. (previously Monaco) was established in 2016 and has since gone on to launch a mobile payments app that grants users as much as a 20% discount when buying with the blockchain’s native CRO coins. The project also launched a staking program that returns up to 14% interest and a Visa card that can be filled with crypto or fiat currency.

Kris Marszalek, co-founder and CEO of, talked up the project’s purported 10 million-strong user base, adding that long-term partnerships was its priority.

“ Capital gives founders building in the crypto industry two things: a reputable lead investor for their seed or series A rounds AND priority of launch on the world’s fastest growing retail crypto platform with over 10 million users,” said Marszalek, adding, “We’re looking for long term partnerships with entrepreneurs in every sector of the cryptocurrency industry, so we can advance it together.”

Bobby Bao, co-founder of, and leader of Capital wing noted the venture arm would provide startups with direct access to its global user base, in addition to early funding. Bao added:

“The motto and operating principle of 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.”

In early March, became a sponsor of the Aston Martin Formula 1 racing team. The project’s logo is going to appear on the team’s cars during the 2021–2022 race season.

Leave a Reply

Your email address will not be published.