Prominent Crypto and Fintech Alumni Launch $60M Oak Grove Ventures Fund
On September 19th, Oak Grove Ventures made a significant foray into venture capital by launching a substantial $60 million fund. The fund strategically focuses on cutting-edge technology, with a keen interest in artificial intelligence (AI), Web3, and biotech.
Oak Grove Ventures boasts a team of accomplished professionals, many of whom hail from renowned crypto and fintech firms, each with extensive industry experience.
Given their roles as former thought leaders, this collective expertise positions Oak Grove's venture capital members to provide valuable strategic support in various areas, including financing, strategy, technology, operations, and more.
The company's team lineup includes notable figures such as Shawn Shi, the co-founder of Alchemy Pay; Ethan W, the former technical lead of Libra; Sally Wanga, the former VP of Ryze Labs (formerly Sino Global); Zac Pan, the former assistant partner of Lightspeed China; and Michael Li, a technical advisor and former VP of Coinbase, among others.
Before its venture capital endeavors, Oak Grove Ventures operated as a family office, boasting a successful track record in early-stage investments.
Over the years, they have invested in more than 30 projects, with some standout investments including ventures like the aerospace manufacturer and Neuralink, both founded by Elon Musk.
In addition, their portfolio includes key players in the Web3 space such as Gemini, OpenSea, ConsenSys, and Animoca, as highlighted in the company's official press release."
The co-found of Oaks Grove Ventures fund, Sally Wang, stated that:
"We understand that the journey to creating breakthrough technologies is not just about capital; it's about fostering a community of visionaries, pioneers, and founders who
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