Crypto.com, the digital exchange and app, announced today that the company has officially launched Crypto.com Capital, a $200 million fund to support the emerging companies working in the cryptocurrency market.
According to the official announcement, the newly launched fund will invest in crypto startups at the seed and series A stage. The company mentioned that the focus of Crypto.com Capital is to accelerate the growth of promising companies.
The cryptocurrency market is growing at a rapid pace since the start of 2021. Crypto.com recently released a report and mentioned that there are more than 106 million crypto users around the world. The report stated that Bitcoin’s price rise, the involvement of institutions, and significant growth in the DeFi sector played an important role in the global adoption of digital assets.
Commenting on the recent launch of Crypto.com Capital, Kris Marszalek, Co-founder and CEO of the company, said: “Crypto.com 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. Crypto.com Capital will lead seed rounds with cheque sizes between $100k and $3 million and Series A rounds from $3 million to $10 million. We’re looking for long-term partnerships with entrepreneurs in every sector of the cryptocurrency industry, so we can advance it together.”
Focus on Growth
Founded in 2016, Crypto.com reported strong growth in the last few years amid growing adoption and institutional interest in digital assets. The company aims to support emerging startups and crypto founders with the latest fund.
“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,” Bobby Bao, Head of Crypto.com Capital said.