Crypto.com Capital Expands $200M Fund to $500M

Crypto.com Capital Expands 0M Fund to 0M
Singapore-based Crypto.com Capital announced today that it is expanding the size of its fund to $500 million, from the $200 million it announced in March 2021.Jon Russell, its newly hired General Partner based in Bangkok, told CoinDesk the fund will do seed and series-A deals, typically up to a $10 million check for the series-A.So far Crypto.com’s maiden fund has invested in play-to-earn guild YGG SEA, Ledger, and Frax FinanceThe fund will be focused on investing in DeFi, NFTs, and gaming. It will typically want to lead rounds.Russell said the fund will be focused on growing the overall crypto ecosystem,…