* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Luno launches investment arm to back over 200 fintech and crypto/web3 startups yearly – TechCrunch


Share post:

Luno, a subsidiary of Digital Currency Group (DCG), today announced that it is launching Luno Expeditions, an early-stage investment arm to back fintech and crypto/web3 startups globally.

The fund will leverage DCG’s seven-year experience of backing web3, DeFi and crypto startups as it looks to expand its investment activity to reach more early-stage businesses at pre-seed and seed.

Also, scaling this investment effort will require a ‘localized’ approach, particularly in a highly competitive venture environment. Luno Expeditions believes it can tap into Luno’s market expertise to support founders across the five continents in which it operates.

Luno Expeditions, which has no dedicated size, intends to fund between 200-300 startups each year and diversify beyond crypto into the broader fintech space.

CEO Jocelyn Cheng will spearhead this new project as she leads an all-female team of five. Cheng has invested in global startup founders over the last six years as the managing director at Global Innovation Fund, an impact investment VC.

Cheng’s previous role required…

Read more…

Related articles

How to Become a Blockchain Developer

It’s been a rough year for cryptocurrencies, with the collapse of crypto-centric companies like FTX forcing coin prices...

Bitcoin UTXOs Older Than 5 Years Surged During Bear Market

UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction. Read...

DailyPay Announces $260 Million in New Funding

DailyPay announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest...

India Keeps Restrictive Crypto Tax Rules in 2023 Budget

India has kept its restrictive crypto tax rules unchanged in 2023. In fact, Finance Minister Nirmala Sitharaman did...