3 minsPublished on 8/30/2023

MoonPay launches early-stage venture arm to fuel innovation

MoonPay's new venture division is already investing in Web3 infrastructure, fintech, and gaming companies. Find out more.

By Abhay Mav

MoonPay – the world’s leading Web3 infrastructure company – today announced the launch of its investment arm, MoonPay Ventures. The new division enables MoonPay to collaborate with and support trailblazing startups to drive industry-wide value and onboard the world to Web3.

MoonPay Ventures will engage with early-stage companies across the Web3 and fintech ecosystems, partnering with industry-defining players who are passionate about building Web3 experiences that augment and transform existing business models. Beyond capital, MoonPay Ventures will offer portfolio companies access to top-tier teams, ideas, emerging business models, and GTM playbooks in Web3.

The new venture arm will leverage MoonPay’s experience and resources to provide startups with mentorship, industry expertise, and access to MoonPay’s vast network of 500+ industry partners spanning the leading Layer 1 and Layer 2 blockchains, marketplaces, wallets, and exchanges. This toolkit will enable startups to develop and scale their projects faster, ultimately leading to the growth and adoption of Web3 technology.

MoonPay Ventures will sit within the company’s Corporate Development group and will be led by Abhay Mavalankar, who joined MoonPay after a decade in investment banking and venture capital at Morgan Stanley, Centerview, and Cisco Investments. Leveraging the MoonPay executive team’s experience in scaling revenues, operationalizing GTM playbooks, and refining product strategy combined with the breadth of MoonPay’s network, MoonPay Ventures delivers real, tangible value for portfolio companies.

“It takes big ideas to change how the world interacts with Web3, and we are witnessing breakthrough companies push the boundaries of innovation every day,” said Ivan Soto-Wright, CEO & Co-Founder at MoonPay. “As we continue building at MoonPay, we’re also committed to uplifting the standout players in our ecosystem so we can collectively work toward mass Web3 adoption. Launching MoonPay Ventures is a major milestone in bringing this vision to life and allows us to leverage our resources to support our portfolio companies, and in turn, the Web3 industry as a whole.”

MoonPay Ventures has already made investments in several companies including BCB Group, BRUT, BeatClub, absolute labs, Create/OS, BridgeTower Capital, and Mythical Games.

“We are excited to launch MoonPay Ventures and to support the growth and development of the MoonPay ecosystem,” said Mavalankar. “Given our position in the payments and Web3 stack, we are uniquely positioned to identify and invest in the most promising projects and teams and we look forward to collaborating with these innovators to create a more accessible financial future for all.”

For more information, visit https://www.moonpay.com/ventures.

Abhay Mav
Written byAbhay Mav