TLDR:
Bitrue has launched a venture capital arm, Bitrue Ventures, to invest in Web3 projects with up to $200k per project. The fund aims to support startups with product maturation, capital investment, and more. Bitrue Ventures plans to scout AI and RWA projects for investment potential and has already funded Cardano-based projects. Shruti Kohli has been promoted as Head of International Business Development at Bitrue, focusing on global partnerships.
Summary:
Bitrue Ventures, the newly launched venture capital arm of Bitrue, aims to invest up to $200k per Web3 project to support startups in reaching product maturation. The fund provides capital investment, incubation advice, product development expertise, marketing support, and industry connections. This initiative comes in response to an increased influx of capital from institutional investors and high-net-worth individuals in the industry.
The fund, led by Director of Ventures and Partnerships, Iris Chu, plans to invest in projects across all web3 sub-industries, with a focus on AI and RWA projects initially. Bitrue Ventures has already completed a pilot investment round, funding Cardano-based projects WingRiders and Liqwid Finance.
Additionally, Bitrue promoted Shruti Kohli as the Head of International Business Development, where she will focus on expanding global partnerships and collaborations within emerging markets. With nearly six years of operation and over 10 million registered users, Bitrue is a popular Asian cryptocurrency exchange that supports spot and futures trading, crypto loans, and high-interest yield farming and staking.
