MoonPay Launches MoonPay Ventures to Invest in Web3 Infrastructure and Gaming
Web3 infrastructure firm MoonPay has announced the establishment of MoonPay Ventures, a new investment division. The goal of this branch is to support early-stage startups that specialize in web3 technology, gaming, and related fintech sectors. MoonPay Ventures plans to invest between $100,000 and $1 million in seed and Series A funding rounds.
Key Points:
- MoonPay Ventures is a new investment division of web3 infrastructure firm MoonPay.
- The branch aims to support early-stage startups in web3 technology, gaming, and fintech.
- Investments will range from $100,000 to $1 million, primarily in seed and Series A funding rounds.
- MoonPay Ventures will invest directly from the company’s balance sheet.
- The focus is on achieving commercial return on investment.
MoonPay Ventures will invest from its balance sheet rather than having a specified fund size. The firm has already invested in over 25 companies, including BCB Group, Ledger, and Mythical Games. MoonPay Ventures intends to actively assist its portfolio companies in scaling, distribution, and sales cycle management. The majority of investments will be tied to a commercial relationship, aiming for adoption and market reach.
Hot Take:
MoonPay’s launch of MoonPay Ventures is a strategic move to support the growth of the web3 ecosystem. By investing directly in early-stage startups, the firm aims to not only nurture innovative ideas but also drive commercial success in the web3 and gaming sectors. This initiative reflects MoonPay’s commitment to being a catalyst and accelerator in the emerging digital ecosystem.
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