Web3 venture capital firm MarsX Capital announced the establishment of a $100 million initial fund

2023-11-29 17:59:51

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ChainCatcher news, the Web3 venture capital firm MarsX Capital has announced the establishment of its first phase fund with a scale of $100 million. Investors include family offices from Singapore and the Zhejiang Chamber of Commerce, listed companies, leading exchanges, and corporate executives.

Grace Dai, the founding managing partner of MarsX Capital, stated: "MarsX Capital plans to invest in and support early blockchain infrastructure such as L1 and L2, cross-chain, ZK, and the BTC ecosystem, as well as early AI application layer projects, supporting outstanding founders dedicated to advancing Crypto & Web3 & AI development."

It is reported that the GP and investment research team of MarsX Capital consists of partners from top-tier VC firms in the United States, who have led the IPO operations of several large projects both domestically and internationally. Additionally, they include founders of large projects from Coinbase and Binance. MarsX's parent fund is also the largest sponsor of the alumni associations of Harvard, Oxford, Cambridge, Stanford, and MIT.

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