TechFlow News – MoonPay, a cryptocurrency payment provider, has announced the launch of its investment arm, MoonPay Ventures, which will focus on early-stage startups in web3, gaming, and related fintech sectors. The fund will primarily invest between $100,000 and $1 million, targeting seed and Series A rounds.
Abhay Mavalankar, Vice President of Corporate Development and Investments at MoonPay, said the company has already invested in more than 25 firms, including BCB Group, Ledger, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital, and Mythical Games.
He added that MoonPay has not allocated a specific capital amount; instead, the team will make investments off its balance sheet with a "clear lens" toward achieving commercial return on investment.
