Sino Global, Coinbase and Libra Alums Start $60 Million Web3 Fund

Alumni from some well-known names in crypto and fintech are starting a new $60 million fund called Oak Grove Ventures, which focuses on the intersection of Web3, artificial intelligence and biotech. The Singapore-based Oak Grove Ventures’ team includes some notable figures including Sally Wang, formerly of Sino Global Capital (now Ryze Labs), Ethan Wang, former tech lead of Libra, Shawn Shi, co-founder of Alchemy Pay, as well as Michael Li, a former VP of Coinbase. Oak Grove says its disclosed investment portfolio includes eight funds and 14 high-quality projects, among them SpaceX and Neuralink. The launch follows Blockchain Capital's announcement.

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