Web3 fund led by ex-Binance Labs executive Nicole Zhang lands $20 million
Lingfeng Innovation Fund (LIF), a new venture capital fund led by former Binance Labs executive Nicole Zhang, landed $20 million to invest in crypto startups. The $20 million in fundraising is a “first close” for the fund, according to Zhang, who is a founding partner at LIF. It is ultimately targeting $30 million. A key focus for LIF will be “enabling web2 elites with web3 expertise,” according to Zhang. LIF has already made 10 investments — half of them co-investing with Zhang’s former colleagues at Binance Labs. Its bets include ApolloX, ZetaChain and Ultiverse.
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https://t.me/DApps_Web3
