A $100 million fund named Pi Network Ventures has been launched by Pi Network to provide investments in startups and enterprises focused on enhancing the adoption and practical use of its Blockchain ecosystem.
The mobile-first blockchain Pi Network has launched a $100 million fund to support initiatives developed on its infrastructure.
On May 14, the Pi Foundation announced the launch of Pi Network Ventures with an initial capital of $100 million in a mix of Pi (PI) tokens and U.S. dollars. The foundation will invest in startups and businesses building on the Pi Network or helping to expand its broader ecosystem.
In a post on X, Pi Network stated that the strategic initiative aims to fund high-potential startups and companies across various industries to foster innovation and drive the growth of its ecosystem.
The Pi Foundation, the organization behind Pi Network, describes itself as an “ownerless” entity committed to fostering long-term ecosystem development. The foundation stated that it will fund the new venture initiative using 10% of Pi tokens allocated specifically for ecosystem-related projects.
A response to the request for comment had not been provided by Pi Network at the time of publication.
An Introduction to Pi Network Ventures
Pi Network Ventures will enhance Pi’s utility by investing in startups and businesses that incorporate Pi into their products and services. The new entity will also work to attract more applications, transactions, and enterprises to the network while exploring and developing new practical use cases.
By aligning incentives and providing resources to high-potential founders, startups and companies, this initiative aims to create a feedback loop of innovation and adoption.
Inside Pi Network Ventures’ Investment Strategy
According to the announcement, Pi Network Ventures plans to invest in startups ranging from early-stage to Series B funding rounds and beyond. This strategy aims to provide access to promising innovators while supporting the growth of established businesses.
Pi Network Ventures claims that its focus and operational approach set it apart from other crypto ecosystem initiatives. According to the announcement, the company intends not to restrict its investments solely to the crypto space but also to allocate funding to broader technology fields, such as generative AI and its applications, fintech, embedded payment solutions, e-commerce platforms, marketplaces, social media networks, and both consumer and enterprise real-world applications.
Another distinguishing feature, according to Pi Network Ventures, is the fund’s intention to operate like a conventional Silicon Valley venture capital firm. The team expects this approach to guide how it sources, evaluates, and selects candidates, aiming to identify and support high-impact, disruptive startups and enterprises.
