FTX Launches $2 Billion Ventures Fund


Cryptocurrency exchange company FTX Trading Limited has launched FTX Ventures, a $2 billion venture capital fund focused on backing the world’s best teams building in the digital asset ecosystem.

FTX Ventures’ core mission is to advance global blockchain and web3 adoption, with a broad investment mandate across social, gaming, fintech, software, and healthcare. The fund will invest in multi-stage companies and projects, providing flexible funding and strategic support from FTX and its network of global partners.

FTX Ventures will launch with a team of eight, including General Partner Ramnik Arora, Advisor Armani Ferrante, and others.

Alongside the fund’s launch, crypto investor Amy Wu joined FTX to lead Ventures, gaming, M&A and commercial initiatives. Wu was most recently a Partner at Lightspeed Venture Partners, a $10B+ multi-stage venture fund, where she led crypto and gaming investments, including the fund’s investment in FTX. She was previously an executive at Discovery, Inc., a global media company, where she led operations and finance across Asian markets, digital businesses, and sports.

Led by Sam Bankman-Fried, FTX is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including derivatives, tokenized stocks, prediction markets, and an OTC desk.