Ex-Sino Global, Libra, Coinbase Execs Launch $60M Oak Grove Ventures for Web3, AI, Biotech

Alumni from Sino Global Capital, Libra, Coinbase started $60M Oak Grove Ventures fund
Focus on Web3, AI, biotech
Team includes Sally Wang, Ethan Wang, Shawn Shi, Michael Li
Previously a family office, invested in 30+ projects like SpaceX, Neuralink
Follows Blockchain Capital raising $580M for crypto funds amid market downturn

coindesk.com

Relevant topic timeline:

8/24/2023

Vessel Capital secures $55M to invest in Web3 infrastructure: Report

Venture capital firm Vessel Capital has launched a $55 million fund to invest in Web3 infrastructure and applications, aiming to assist early-stage crypto founders in launching and growing their projects by providing guidance and advice. The fund's resources will be deployed over a five-year period, and the team's experience as startup founders will enable them to better understand entrepreneurs' needs.

9/6/2023

New $20M fund eyes blockchain gaming and tokens

Web3 venture capitalists have established a $20 million fund to invest in blockchain gaming and collectibles projects, as well as other Web3 initiatives.

9/19/2023

Bitcoin Rebounds as Traders Expect Unchanged Rates; FTX Sues Founder's Parents Over Millions

Bitcoin holds above $27,000 as U.S. rates traders predict that the Federal Reserve will maintain borrowing costs, Solana's SOL and ether experience slight gains, FTX sues founder's parents for fraudulent transfers and misappropriated funds, and a new $60 million fund called Oak Grove Ventures focuses on Web3, AI, and biotech.