Crypto.com Capital, the investment arm of digital asset firm Crypto.com, announced the appointment of Jon Russell, one of the well-known technology journalists, as the fund’s newest partner today.
In March last year, the digital exchange introduced a $200 million fund to invest in emerging crypto companies. Crypto.com Capital now aims to support the growing Web3 ecosystem. In 2021, Crypto.com witnessed a surge in demand for its products due to a jump in the adoption of digital currencies. According to the exchange, the company now has more than 10 million users through products including a Visa debit card, trading exchange and NFT platform.
Russell has a strong presence in the global startup ecosystem. He spent nearly a decade as a tech journalist and worked with several leading news platforms like TechCrunch, The Next Web and The Ken. He started writing about the crypto market in 2014 and interviewed prominent executives in events across the world.
“I’ve had offers to move into crypto full-time before but Crypto.com is the most ambitious company in web3,” said Russell. “The Crypto.com Capital fund brings a very unique advantage to help the world’s best web3 founders and startups to realize their potential, and I can’t wait to play my part.”
Crypto.com Capital
The nine-month-old fund supports crypto companies in seed funding and Series A deals. Crypto.com Capital aims to facilitate startups working in the metaverse, blockchain gaming, NFTs and Defi. The fund highlighted that it has completed more than 20 deals to date. Its portfolio consists of companies, including Efinity, Genies, DeBank, Alethea AI, YGG SEA and Matter Labs.
“Crypto.com Capital is not even one year old, but already we work hand-in-hand with dozens of world-class founders, and we want to find more. Adding Jon to the team is a statement of intent to double down and grow the web3 ecosystem,” said Bobby Bao, the Co-Founder ofCrypto.com.
