Blockchain Venture Fund LBank Labs Invests In Symbolic Capital To Fuel Web3 Innovation

Key Points:

• LBank Labs, a prominent blockchain venture fund, announces its strategic investment in Symbolic Capital, a leading venture capital firm focused on supporting blockchain founders.
• With $100 million in assets under management, LBank Labs aims to foster innovation in highly-scalable Web3 infrastructures worldwide.
• The collaboration solidifies LBank Labs’ commitment to driving the future of crypto and empowering innovative startups in the decentralized applications space.

LBank Labs, at the forefront of blockchain venture funding, announced its investment in Symbolic Capital. This strategic collaboration is poised to ignite innovation and provide robust support for the expansion of highly-scalable Web3 infrastructures worldwide.

LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million in assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive.

Besides direct investments in projects, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, IC board member of Labs, is also personally LPs to NGC, Blockchain Founders Fund and Lemniscap, where Eric He, Co-Founder of LBank, is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.

“At Symbolic Capital, we are excited to collaborate with LBank Labs as we work towards our shared vision of building the future of crypto. Our partnership allows us to continue supporting innovative startups in the Web3.0 ecosystem, especially those from emerging markets, and pave the way for the mass adoption of decentralized applications,” Symbolic Capital’s Co-founder Kenzi Wang stated.

Symbolic Capital is a leading, thesis-driven venture capital firm co-founded by Sandeep Nailwal (founder of Polygon) and Kenzi Wang (partner at Borderless Capital). Rooted in the founders’ own experiences of overcoming funding hurdles in their early days, Symbolic Capital places a special focus on identifying and accelerating the best blockchain founders. Even in the face of what some term a ‘funding winter’ for crypto, Symbolic Capital maintains its bullish outlook on the future of Web3, viewing it as the next evolution in the digital ecosystem.

As investors, LBank Labs is committed to fueling the growth of highly-scalable Web3 infrastructures and empowering innovative startups worldwide. The strategic investment in Symbolic Capital solidifies LBank Labs’ dedication to building the future of crypto and supporting the mass adoption of decentralized applications.

With $100 million assets under management, LBank Labs not only boasts substantial financial resources but also possesses an expansive global network. In return, Symbolic Capital will provide LBank Labs with significant value, harnessing their expertise, strategic insights, and innovative mindset to foster mutual growth and chart a course toward resounding success.

The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds designed to enhance the performance and diversification of its portfolios while emphasizing the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, Paris, Denver, Singapore, Mexico, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.