Oak Grove Ventures Launches $60 Million Fund for Web3, AI, and Biotech Intersection

A New Venture: Oak Grove Ventures Launches with $60 Million Investment


A venture capital fund called Oak Grove Ventures was launched with $60 million investment in The intersection of web3, artificial intelligence and biotechnology.

The Team

According to Oak Grove’s September 19 Coindesk report, the team includes Sally Wang, formerly of Sino Global Capital (A.S.C.) venture company concentration of capital on blockchain technology), Ethan Wang (former tech lead on Facebook supported digital currency project Libra), Xun Xi (co-founder of Cryptocurrency payment gateway Alchemy Pay), and Michael Lee (former Vice President at Coinbase).

Shared Enthusiasm for Innovation

“We understand that journey of building pioneer technologies is not just about capital; it is about enhancing a community of visionaries, pioneers, and founders who share our enthusiasm for innovation. With this venture, we have a strategy simple yet profound: raising money for ‘Institutional’.”

Sally Wang, Oak Grove head of Investments

Track Record of Notable Investments

Previously a family office which manages investments for the wealthy family, Oak Grove Ventures has a track record of notable early-stage investments. They have supported over 30 projects, including SpaceX, the aerospace manufacturing company founded by Elon Musk, and Neuralink, the neurotechnology company also founded by Musk.

Continued Flow of Venture Capital

The new fund comes with a value of $60 million venture capital continues to flow into cryptocurrency and blockchain startups, despite recent volatility in the digital asset market.

Focusing on Web3, AI, and Biotechnology

Oak Grove aims to leverage expertise from the cryptocurrency ecosystem to identify promising opportunities at the intersection of Web3, artificial intelligence, and biotechnology.

Kayne Davenport
Kayne Davenport has been a journalist for over 15 years, making him an expert in his field. His educational background includes a Bachelor of Journalism from UT Austin and a Master of Science in Investigative Journalism from Northwestern. Kayne's career spans multiple media outlets. He has been writing for WS News Publishers for the past year, covering finance, politics, and education stories.

Similar Articles


Most Popular