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Oak Grove Ventures launches $60 million venture capital fund to invest in cutting-edge areas such as Web3, AI and biotech

19/09 10:00
Odaily Planet Daily News On September 19, Oak Grove Ventures launched a $60 million venture capital fund. This fund will focus on early-stage project investment in cutting-edge technology fields such as Web3, artificial intelligence (AI), and biotechnology. Oak Grove Ventures is jointly created by industry veterans. The team has rich industry experience and can provide comprehensive strategic support for projects in terms of financing, strategy, technology, operations, etc. Team members include Shawn Shi (co-founder of Alchemy Pay), Ethan W (former technical director of Libra), RJ Lan (former CTO of Harmony), Michael Li (technical consultant, former VP of Coinbase), Zac Pan (former associate partner of Lightspeed China People) and Sally W (former VP of Sino Global), etc. Its predecessor was a family office and has deployed more than 30+ projects. Among them, the disclosed investment portfolio includes 8 funds and 14 high-quality projects, including SpaceX and Neurallink.