TechFlow News — A new Web3 fund led by former Binance Labs executive Nicole Zhang, LIF (Lingfeng Innovation Fund), has raised $20 million with a final target of $30 million. The fund will invest in early-stage cryptocurrency startups, ranging from pre-seed to Series A rounds. To date, LIF has made 10 investments, including ApolloX, ZetaChain, and Ultiverse.
Reportedly, the web3-focused LIF is a sister fund to Beijing-based Lingfeng Capital, a fintech investment firm managing over $400 million in assets. Source link



