Pi Network Launches $100M Venture Fund for Blockchain Startups

Pi Network, a mobile-first blockchain platform, has announced the launch of a $100 million fund aimed at investing in initiatives built on its infrastructure. The Pi Foundation, the organization behind Pi Network, revealed on May 14 that it is establishing Pi Network Ventures with an initial investment of $100 million, comprising both Pi (PI) tokens and US dollars. This fund is designed to support startups and businesses that are either building on the Pi Network or contributing to its broader ecosystem.
The Pi Foundation, described as an “ownerless” entity, is dedicated to fostering long-term ecosystem development. The new venture fund will utilize 10% of the Pi tokens reserved for ecosystem initiatives. The primary goal of Pi Network Ventures is to enhance the utility of Pi by investing in startups and businesses that integrate it into their products and services. This initiative aims to attract more applications, transactions, and companies to the network while developing new use cases.
Pi Network Ventures plans to invest in startups from the early stages through Series B funding rounds and beyond. This approach is intended to provide access to high-potential innovators while also helping to scale proven businesses. The fund differentiates itself from other crypto ecosystem programs by focusing not only on crypto investments but also on general technology sectors. These sectors include generative AI and AI applications, fintech, embedded payments, e-commerce platforms, marketplaces, social networks, and real-world consumer and enterprise applications.
Another distinguishing feature of Pi Network Ventures is its intention to operate similarly to traditional Silicon Valley venture capital firms. This will be evident in the sourcing, selection, and vetting processes, which aim to identify and support high-impact and disruptive startups and businesses. By aligning incentives and providing resources to high-potential founders, startups, and companies, this initiative seeks to create a feedback loop of innovation and adoption within the Pi Network ecosystem.

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