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Lingfeng Innovation Fund (LIF) Landed $20 Million to Invest in Crypto Startups

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Lingfeng Innovation Fund (LIF) landed $20 million to invest in crypto startups. LIF has already made 10 investments,includes ApolloX, ZetaChain and Ultiverse.

LIF is a new venture capital fund led by former Binance Labs executive Nicole Zhang. She was previously an executive director at Binance Labs.

The web3-dedicated LIF is a sister fund to Beijing-based Lingfeng Capital, the fintech investment firm with more than $400 million in assets under management. LP includes CertiK and Kamet Capital Partners, a Singapore-based family office.

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