At a Glance
FTX Ventures was the venture capital arm of the FTX cryptocurrency exchange, founded in 2021 by Sam Bankman-Fried and Amy Wu. The firm managed approximately $2 billion in assets and invested across both crypto-native companies and traditional startups that could integrate with Web3 technologies. Notable investments included a $500 million stake in AI company Anthropic and various DeFi protocols, gaming companies, and fintech startups. The firm was particularly active in 2021-2022, writing checks ranging from seed rounds to growth-stage investments. However, FTX Ventures ceased operations in November 2022 following the collapse of parent company FTX amid fraud allegations against Bankman-Fried. The firm's portfolio companies have since had to navigate the fallout from their association with the failed exchange, with some seeking new funding sources to replace FTX backing.
“Invests in web3, gaming, and fintech startups with a focus on building the future of digital assets and blockchain infrastructure.”
FTX Ventures primarily invests at the Pre-Seed, Seed, Series A, Series B+ stages. This means they focus on companies that are at the earliest idea or prototype phase.
FTX Ventures is headquartered in Nassau, Bahamas. Many of their portfolio companies are also based in this region, though they invest across geographies.
FTX Ventures focuses on investments in Aerospace & Defense, Digital Health, Other, Consumer, Fintech. Their portfolio reflects deep expertise and networks within these sectors.
FTX Ventures's typical investment check size ranges from $1 to $00. Actual amounts may vary based on the stage, sector, and specific opportunity.
FTX Ventures manages approximately $2B in assets under management (AUM) across their funds.
