🔹BitMEX has launched a venture-capital unit to identify potential crypto firms to invest in.🔹BitMEX has launched a venture-capital unit to identify potential crypto firms to invest in.
The new branch is led by Kumar Dandapani, global head of BitMEX Ventures, who graduated from the University of Pennsylvania and joined the firm in 2018. Previously, Dandapani was a partner at Nth-Degree Analytics, a quant research, and development firm.
Maxim Wheatley is head of venture development who has joined the company in September. He previously worked at TTEC, a technology firm based in Colorado.
Already, one of its portfolio companies has announced BitMEX as a backer.
Blockfolio, which announced a $11.5M Series A financing round in October, noted BitMEX as an investor. BitMEX was also set to participate in a fundraising round for FRST, a cryptocurrency data technology company.
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