Global: VC Firm Behind Snapchat Looks to Ramp Up Its Crypto Investments


The venture capital firm behind Snapchat is looking at ways to increase their investments in the crypto industry, tech journal Recode reported May 17. Aaron Batalion, a partner at venture capital firm Lightspeed, is leading an effort to boost the firm’s investment by exploring three methods: setting up a new fund, carving out a portion of an existing fund, or launching an entirely new project, Recode reports, citing “sources”.

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