FTX Trading Limited (“FTX”), today announced the launch of FTX Ventures (“the Fund”), a $2 billion venture capital fund focused on backing the world’s best teams building in the digital asset ecosystem. FTX Ventures’ core mission is to advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech, software, and healthcare. Fund investments will be made in projects and companies at multiple stages. The Fund provides flexible financing and strategic support through FTX’s global network.

“FTX’s investors have had a profound impact on our development and growth. We aim to achieve the same goal at FTX Ventures. Our mission is to discover the brightest minds, and to invent disruptive tech.
Sam Bankman-Fried.

Alongside the Fund’s launch, crypto investor Amy Wu joined FTX to lead Ventures, gaming, M&A and commercial initiatives. Amy was most recently a Partner at Lightspeed Venture Partners, a $10B+ multi-stage venture fund, where she led crypto and gaming investments, including the fund’s investment in FTX. Her previous role was as an executive at Discovery (NASDAQ;) Inc., a multinational media company where she managed operations and finances in Asian markets, digital companies, and sports.

According to Ms. Wu,

“I’m thrilled to have joined FTX, to collaborate with Sam and the best people who are disrupting financial services. We are supporting entrepreneurs in building generations of businesses with FTX Ventures. Web3 gaming is a great opportunity to reach mainstream consumers.
FTX Ventures is launching with eight members, including Advisor Armani Ferante and General Partner Ramnik Arora.

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