Web3 infrastructure firm MoonPay has launched an investment arm that will focus on early-stage startups in web3, gaming and adjacent fintech categories.
In brief:
-The investment arm, dubbed MoonPay Ventures, will mainly invest between $100,000 to $1 million, targeting seed and Series A rounds
-It has already invested in more than 25 companies
-Beyond providing capital, MoonPay Ventures hopes to help accelerate adoption for startups in its portfolio through operations like scaling, distribution, producing sales cycles and much more
What does this mean?
“When it comes to web3 and backing exceptional founders, this is a logical extension of that,” Mavalankar said. “We felt, as a company, we have reached the right level of maturity to create that ecosystem and be that accelerant where we could.”
