Pi Foundation launches $100m fund for startups to power ecosystem growth

Pi Network invests $ 100 million via its PI network companies, focusing on startups that develop the ecosystem.

Pi network (Pi) Invests millions in its ecosystem to promote adoption. Wednesday, May 14, the PI Foundation announced the launch of PI Network Ventures, allocating $ 100 million to finance startups. In a press release shared with Crypto.News, the Foundation said that the Silicon Valley style venture capital fund will invest in promising startups in its ecosystem.

The fund will focus on startups that stimulate real adoption and utility, as well as those who integrate Pi Crypto. In addition, the fund is also open to startups which are not strictly crypto-native. According to the Foundation:

“Pi Network Ventures plans to take care of not only blockchain startups, but also a wide range of companies in a generative AI, game platforms, financial technologies, electronic commerce, integrated payments, markets, social networks and other real applications.”

Pi Network ventures to reflect the Silicon Valley

The foundation also highlights another break with traditional cryptography models. In particular, Pi Network Ventures plans to operate under the principles of traditional venture capital companies popularized in Silicon Valley.

This approach includes the supply, selection and verification processes that traditional VC companies use to identify companies with the greatest potential impact on the market. This will include investment in companies at all stages, from startups at the start of the stadium to B +standard companies, and even further.

A notable difference from the traditional VC model lies in its objectives. Unlike most funds that focus only on profits, Pi Network Ventures will favor the creation of value and the usefulness of the ecosystem. The objective is to support projects that incorporate PI tokens into their services or to use PI network technology in real applications.

Thanks to this strategy, Pi Network Ventures hopes to increase adoption and demand for the Pi token, while supporting significant innovation in industries.