Successful Venture Capital Firm Lightspeed Set to Launch Cryptocurrency Fund


Even with the recent market downturn, a vast array of big whales are still interested in buying the dip. In the latest development, highly successful venture capital company Lightspeed Venture Partners, the solid rock behind Snap Inc., makers of the Snapchat messaging app, is now set to join the crypto bandwagon.

According to a Reuters report, Lightspeed Venture Partners, a U.S.-based VC firm that focuses on pumping funds into startups in the enterprise technology and consumer space, is looking to invest $1.8 billion in cryptocurrency startups and other businesses.

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