In a press release published on 13 May, Huobi Global announced the launch of its wholly-owned subsidiary focused solely on venture investing. Huobi Ventures will deploy $100 million into early-stage blockchain and DeFi projects in the next three years and establish a $10 million NFT fund.
The new venture arm will consolidate several existing investment vehicles—Huobi Capital, Huobi DeFi Labs, and the Huobi Eco Fund—into a single entity that will drive the company’s investment strategy. Huobi has invested over $69 million into hundreds of blockchain projects to date, recording a return of approximately $215 million.
“We have had separate teams focus on different investment strategies, but by bringing everyone together under a single entity, we can create a more cohesive strategy and continue to invest in and support the most innovative projects that are shaping the blockchain and DeFi spaces,” said Lily Zhang, the CFO of Huobi Group.
She noted that Huobi Ventures will build on the company’s momentum and focus on two key areas—corporate mergers and acquisitions, and venture capital. The mergers and acquisitions arm will focus on integrating various product offerings into Huobi’s suite of applications, while the venture capital unit will make long-term investments into emerging DeFi projects.