LBank Labs Highlights Long-standing Investment in SevenX Ventures, Expanding Ecosystem Partnership

LBank Labs, a leading venture fund, is delighted to celebrate its history of strategic investments in SevenX Ventures, a research-driven venture capital firm in Web3. The two funds aim to provide comprehensive support for blockchain projects and entrepreneurs worldwide, fueling innovation and fostering global collaboration in Web3.

With $100 million assets under management (AUM), LBank Labs has a strong track record of nurturing startups and helping them thrive. The venture capitalist arm of LBank, a leading global cryptocurrency exchange, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. In addition to direct investments, the fund aims to build a robust fund network by investing in top global funds, providing financial and resource value-add support to portfolios within the network.

Czhang Lin, IC board member of Labs, personally contributes as a limited partner (LP) to NGC, Blockchain Founders Fund, and Lemniscap. Eric He, Co-Founder of LBank, has been an LP to SevenX Ventures fund I, II, III and FOF from the very beginning, as well as IOSG Ventures.

SevenX Ventures, headed by seasoned veterans with an average industry experience of 6 years, manages three main funds and a Fund of Funds (FOF), totaling approximately $300 million AUM. “SevenX is dedicated to helping our portfolio and partners build a trustless network to make the value of organizations and individuals come true in crypto and Web3” explains Jon, Founding Partner at SevenX Ventures.

SevenX Ventures has already weathered three bull and bear cycles, with a portfolio of nearly 100 projects spanning infrastructure, middleware, DeFi, gaming, and social applications. Notable portfolio companies include Near, Arweave, Zerion, YGG, Mask Network, AI Arena, Space and Time, CyberConnect, Debank, DODO, and many more. Furthermore, SevenX Ventures plays a pivotal role in bridging infrastructures and decentralized applications (Dapps) between Western and Eastern markets, making the fund an indispensable partner in Asia.

LBank Labs, with $100 million in assets under management, has brought extensive financial resources and a vast global network to SevenX Ventures over the years, while SevenX Ventures reciprocates by contributing significant value and knowledge to LBank Labs. As part of their commitment, LBank Labs aims to build a comprehensive network of Fund of Funds, enhancing portfolio performance and diversification while emphasizing the inherent value of their ecosystem network. With Labs’ presence in seven global regions, they are a powerhouse for fostering collaboration and innovation cross-borders.

In addition to its partnership with SevenX Ventures, LBank Labs has recently announced investments in Sparkle Ventures and Collab+Currency, two notable venture funds dedicated to supporting and nurturing projects in the Web3 ecosystem.

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