Leo Ventures, a venture capital business based in Singapore, has established a $10 million venture capital fund with the goal of encouraging the advancement of innovative initiatives. The fund focuses on Web2 businesses that are engaged in deep, financial, artificial intelligence, machine learning, and ESG technologies. It also supports Web3 consumer technology initiatives, L0, L1, infrastructure, payment solutions, and projects pertaining to decentralised finance (DeFi).
By giving businesses developing ground-breaking technology and solutions financial backing, the investment seeks to promote innovation and growth in these industries. Leo Ventures seeks to close the gap between established and developing technologies by concentrating on both Web2 and Web3 initiatives, thereby influencing the direction of the tech sector.