Crypto And Fintech Vets Form AI, Biotech-Focused Oak Grove Ventures Amid VC Drought
Portfolio Pulse from Khyathi Dalal
Oak Grove Ventures, a Singapore-based fund focusing on biotech, Web3, and AI, has been launched by veterans from several crypto and fintech companies. The $60 million fund has previously supported over 30 projects and early-stage investments, including Elon Musk's SpaceX and Neuralink Corp. However, Web3 funding to VC-backed startups is expected to drop to its lowest level since 2019 in Q3 2023.
September 19, 2023 | 1:48 pm
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POSITIVE IMPACT
Alchemy Pay's co-founder is involved in the launch of Oak Grove Ventures. This could potentially bring more exposure and partnerships to Alchemy Pay.
The involvement of Alchemy Pay's co-founder in the new venture could potentially bring more exposure and partnerships to Alchemy Pay, which could positively impact its price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
A former VP of Coinbase is involved in the launch of Oak Grove Ventures. This could potentially bring more exposure and partnerships to Coinbase.
The involvement of a former Coinbase VP in the new venture could potentially bring more exposure and partnerships to Coinbase, which could positively impact its stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50