LBank Labs Announces Strategic Investment in ArkStream Capital to Accelerate Web3 Innovation

Road Town, British Virgin Islands, June 29th, 2023, Chainwire

LBank Labs, the venture fund of the global crypto exchange LBank, is pleased to announce its strategic investment in ArkStream Capital. This collaboration brings together the expertise and resources of two prominent players in the blockchain industry, aiming to drive the advancement of Web3 innovation.

LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments in projects, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, an IC board member of Labs, is also personally LPs to NGC, Blockchain Founders Fund and Lemniscap, where Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.

ArkStream Capital, established by a collective of crypto-native founders with diverse backgrounds from institutions such as MIT, Stanford, BlackRock, Google, and Samsung, has quickly gained recognition for its outstanding achievements. Led by Founding Partner Allen Su, whose previous venture BlockArk was a trailblazing blockchain growth company established in 2017, ArkStream Capital possesses exceptional capabilities in research and growth strategies.

Notably, ArkStream Capital has earned accolades as one of the best-performing funds during the 2020-2022 cycle. Leveraging their strategic and discerning investment approach, the firm has successfully supported over 70 portfolio companies, including prominent industry players like Flow, SEI, Republic, Manta, LiveArtX, and Mask.

With an unwavering commitment to fostering on-chain user adoption, ArkStream Capital is now expanding its investment scope to embrace the next phase of Web3 evolution. In addition to infrastructure investments, ArkStream Fund II will prioritize applications and user portals. Notable investments from Fund II include Linera, a cutting-edge MOVE layer-1 project; Polkastarter Gaming, the largest web3 gaming information platform; and Particle Network, an all-encompassing infrastructure

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Author: Crypto Daily

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