TechFlow news: Venture fund LBank Labs has disclosed its investment details in SevenX Ventures, with both funds aiming to provide comprehensive support for global blockchain projects and entrepreneurs, drive innovation, and promote global collaboration in Web3.
LBank Labs manages $100 million in assets under management (AUM) and has a strong track record of nurturing startups and helping them thrive. As the venture capital arm of global cryptocurrency exchange LBank, LBank Labs is committed to supporting projects through direct funding, acceleration, incubation, and extensive network access. In addition to direct investments, the fund aims to build a robust ecosystem by investing in top-tier global funds, thereby providing portfolio companies within its network with financial and resource value-added support.
SevenX Ventures has weathered three full market cycles of bull and bear markets and built a portfolio of nearly 100 projects spanning infrastructure, middleware, DeFi, gaming, and social applications. Notable portfolio companies include Near, Arweave, Zerion, YGG, Mask Network, AI Arena, Space and Time, CyberConnect, Debank, and DODO. Furthermore, SevenX Ventures plays a pivotal role in bridging Eastern and Western markets for infrastructure and decentralized applications (dApps), establishing itself as an indispensable partner in Asia.
