Huobi Group, a blockchain technology company, has launched Huobi Ventures, a wholly-owned subsidiary focused on growing its venture investment portfolio and supporting innovative blockchain projects through long-term investment strategies.
The new venture arm will deploy $100m USD into early-stage blockchain and decentralized finance (DeFi) projects over a three-year period, make strategic acquisitions to diversify and expand the company’s offerings. A dedicated $10 million USD non-fungible token (NFT) fund will also be established.
Led by Huobi Group CFO Lily Zhang, Huobi Ventures consolidates several existing investment vehicles, including Huobi Eco Fund, Huobi Capital, and Huobi DeFi Labs, into a single entity that will drive Huobi’s investment strategy. To date, Huobi has invested $69.42m dollars across hundreds of projects in blockchain, media, public blockchains, stablecoins, and more. The return and balance on hand have reached approximately $215 million.
Notable past investments include Ampleforth (AMPL); Terra; Oasis Network; and Optimism.
The launch of Huobi Ventures expands Huobi’s investment focus into two key areas: corporate mergers & acquisitions (M&As) and venture capital.
Under the M&A unit, Huobi Ventures aims to identify strategic opportunities across different blockchain verticals to complement and expand Huobi’s product offerings. Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets.
The venture capital unit will make long-term investments in emerging blockchain use cases and DeFi projects.
In addition to its M&A and venture capital business units, Huobi Ventures is also establishing a dedicated $10 million USD NFT fund. As the NFT space continues to grow with the rise of platforms like NBA Top Shot, Rarible, and OpenSea, the new NFT fund will invest in both NFT collectibles and emerging NFT projects such as marketplaces, mining, and crypto gamification.
Founded in 2013, Huobi Group is blockchain technology company operating into public blockchains, digital assets trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more.