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

FTX launches $2 billion Ventures fund, hires former Lightspeed Partner Amy Wu
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NASSAU, The BahamasAnd January 14, 2022 /PRNewswire/ – FTX Trading Limited (“FTX”) today announced the launch of FTX Ventures (“the Fund”), 2 billion dollars The venture capital fund focuses on supporting the world’s best teams that are building in the digital asset ecosystem. FTX Ventures’ primary mission is to promote global blockchain and web3 adoption, with a broad investment mandate across social media, gaming, fintech, software, and healthcare. The fund will invest in multi-phase companies and projects, and provide flexible funding and strategic support from FTX and its network of global partners.

“Our investors in FTX have made a profound 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 innovations in technology,” Sam Bankman Fried.

Besides launching the fund, the crypto investor Amy Wu Join FTX to lead projects, games, mergers and acquisitions, and business initiatives. Amy was recently a partner at Lightspeed Venture Partners, a $10 billion+ multi-phase venture fund, where she led crypto and gaming investments, including the fund’s investment in FTX. She was previously an Executive Director at Discovery, Inc. , a global media company, leading operations and financing across Asian markets, digital businesses and sports.

Ms. Wu says, “I am delighted to join FTX to work alongside Sam and some of the smartest people disrupting the financial services industry. With FTX Ventures, we look forward to supporting entrepreneurs in building businesses for generations. We are particularly excited about Web 3 games and their ability to Bringing mainstream audiences into the ecosystem.”

FTX Ventures will launch with a team of eight people, including General Partner Ramnik Arora, Consultant Armani Ferrante, and others.

About FTX Ventures
FTX Ventures is a multi-stage venture capital fund focused on supporting the world’s best teams in crypto and the web 3. The fund provides flexible funding and strategic support from FTX and its network of global partners. Currently operated by FTX Ventures $2B in AUM.

To learn more about FTX Ventures, please visit http://ventures.ftx.com/ or contact [email protected].

About FTX
FTX is a cryptocurrency exchange created by traders for traders. It offers innovative products, including industry-leading derivatives, tokenized stocks, prediction markets, and the OTC desk. FTX strives to be an easy-to-use yet powerful platform for all types of users, and to be the most innovative exchange in the industry.

To learn more about FTX, please visit: https://ftx.com/

Media connection
Jay Morakis
M Strategic Communications Group (for FTX Ventures)
5951-859-646
[email protected]

SOURCE FTX Trading Ltd.

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