Introduction of $60m Crypto Fund by Coinbase, Sino, and Libra

A New Venture Capital Fund, Oak Grove Ventures, Launches with $60 Million

Oak Grove Ventures, a new venture capital fund, has recently been launched with $60 million in funds. The focus of the fund is to invest in projects that combine web3, artificial intelligence (AI), and biotech. The team at Oak Grove Ventures includes individuals with diverse backgrounds and experiences in the crypto industry.

“We understand that the journey of building groundbreaking technologies is not just about capital; it’s about fostering a community of visionaries, pioneers, and founders who share our passion for innovation. With this fund, our strategy is simple yet profound: to raise funds for the founders.”

Sally Wang, Oak Grove’s head of investments

Prior to becoming a venture capital fund, Oak Grove Ventures operated as a family office managing investments for a wealthy family. It has a successful track record of early-stage investments, including supporting companies like SpaceX and Neuralink.

Continued Investment Flow into Crypto and Blockchain Startups

Despite recent volatility in the digital asset market, venture capital continues to pour into crypto and blockchain startups. Oak Grove Ventures aims to capitalize on its expertise within the cryptocurrency ecosystem to identify promising opportunities at the intersection of Web3, AI, and biotech.

Hot Take: The Intersection of Web3, AI, and Biotech Holds Promising Opportunities

The launch of Oak Grove Ventures with its $60 million fund highlights the increasing interest in projects that combine web3, artificial intelligence (AI), and biotech. By leveraging their expertise within the crypto industry, Oak Grove Ventures aims to support visionary founders who are driving innovation in these areas. Despite recent market volatility, the flow of venture capital into crypto and blockchain startups remains strong. This demonstrates the confidence investors have in the potential of this intersection. As technology continues to advance, the possibilities for groundbreaking advancements in Web3, AI, and biotech are immense.