MEXC’s M-Ventures has finished updating its brand, and its capital scale has reached $200 million.
At the MEXC after party “M&M Launcher” on September 28 in Singapore, after the Token2049 event, MEXC Exchange officially announced that its fund had been upgraded to M-Ventures and that it had a new management team. The new version of M-Ventures is a full-service fund that backs innovations in the cryptocurrency field through strategic investments, mergers and acquisitions, funds of funds, and project incubation.
At the same time, the upgraded M-Ventures is a new sub-brand of the MEXC Group. It combines the original M-Labs with other diversified investment businesses to fully use the group’s resources and work with top-level partners in the industry. M-Ventures not only helps global innovators and teams get started by giving them start-up capital, but it also offers one-stop professional services like project positioning, business cooperation, and economic modelling, as well as financing consulting, product marketing, and project start-up.
M-Ventures‘ own capital has reached $200 million at this point. Its core team is made up of more than 10 people from leading institutions like McKinsey, Plug & Play, Binance, and Huobi. These people have more than 10 years of experience in traditional financial institutions and the field of cryptocurrency in places like the United States, Singapore, Hong Kong, and other places. Their areas of expertise include venture capital, equity investments, industry research, project incubation, product development, and managing assets.
In the last three years, M-Ventures has worked on dozens of great projects, such as Polkadot, Avalanche, Manta, deBridge, Dorafactory, zCloak Network, Mina, Phantom, Raydium, and Solanium. At the same time, it was an early investor and participant in Polkadot, Polygon, Solana, Near, and other projects. It has set up the Polkadot Ecosystem Special Fund and the Solana Ecosystem Strategic Fund to help the infrastructure ecosystem grow in a sustainable way.
M-Ventures will focus most of their attention on Web3, the new public chain ecosystem, and infrastructure in the primary market during the next round of the blockchain cycle. Sistine, who is in charge of investments at M-Ventures, gave her thoughts on the above three sectors:
- “Blockchain technology and cryptocurrencies have grown in terms of their technical foundation and market acceptance to the point where they can now support some Web3 applications. This will also be a way for more people to get into the Web3 field. “
- “There are many ways to combine “security, scalability, and decentralization,” and it’s worth looking into and using other solutions besides the existing mainstream public chains.
- “The field of cryptocurrency as a whole is still in its early stages, and building and improving infrastructure is a subject that will never go away.”
Now is the best time for the industry to think about how it works, redesign it, and improve it”. Sistine said, “Our main investment philosophy is that we can better serve the current market share by consolidating infrastructure and focusing on projects that improve existing technologies and product frameworks in the blockchain field. At the level of expanding the market, we focus on innovative projects that can lower the bar in the cryptocurrency field and make the user experience better so that we can get a bigger share of the incremental market.”