LBank Labs Backs Collab+Currency’s Vision with Strategic Investment

LBank Labs, a leading blockchain venture fund, is excited to announce an investment in Collab+Currency, a crypto-focused venture fund backing early-stage startups building the next generation of culture and consumer technology. The strategic investment aims to foster innovation and support the growth of highly-scalable Web3 infrastructures on a global scale.

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, 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.

Collab+Currency is a crypto-focused venture fund backing early-stage projects building the next generation of culture and consumer technology. The firm focuses on the earliest-stage opportunities in Web3, primarily investing in the pre-seed and seed rounds. During the past five years, the firm has backed around 100 projects working in nearly every vertical within crypto, including infrastructure, base-layer blockchains, service providers and NFTs. The majority of the firm’s investments revolve around a thesis that consumer applications will be the biggest winners in Web3.

Collab+Currency has backed some of the most influential Web3 consumer projects in the world, including Art Blocks, Blur, SuperRare, Sky Mavis, and many others.

By investing in Collab+Currency, Labs aims to not only support a promising startup, but also contribute to the advancement of consumer-focused technology and applications as a whole. Labs aspires to align itself with a vibrant and engaged community of like-minded startups who are passionate about shaping the future of consumer technology.

With $100 million assets under management, LBank Labs brings extensive financial resources and a vast global network to Collab+Currency. In turn, Collab+Currency will reciprocate by contributing significant value to LBank Labs, leveraging their expertise, strategic insights, and innovative approach to fuel mutual growth and success.

The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds, designed to enhance the performance and diversification of its portfolios while emphasising the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, Paris, Denver, Singapore, Mexico, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.

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