Pi Network is committing $100 million through Pi Network Ventures to support startups that enhance its ecosystem.
On May 14, the Pi Foundation unveiled Pi Network Ventures, a $100 million fund aimed at fostering innovation and adoption within its network. The initiative follows a Silicon Valley-style venture model, targeting promising startups that contribute to the ecosystem’s growth.
The fund prioritizes startups driving real-world utility and adoption, including those integrating Pi crypto. However, it also welcomes businesses beyond the crypto space. As the Foundation stated, Pi Network Ventures will back a diverse range of companies, spanning generative AI, gaming, FinTech, ecommerce, embedded payments, marketplaces, social networks, and other practical applications.
Pi Network Ventures is set to adopt a Silicon Valley-style venture capital approach while redefining traditional crypto investment strategies.
Unlike conventional crypto funds, Pi Network Ventures will implement rigorous sourcing, selection, and vetting processes to identify high-impact startups. Investments will span various stages, from early-stage companies to Series B+ and beyond.
However, its primary focus differs from traditional VC firms. Instead of prioritizing profit, Pi Network Ventures aims to drive value creation and ecosystem utility. The fund will support projects integrating Pi tokens into their services or leveraging Pi Network technology for real-world applications.
Through this approach, Pi Network Ventures seeks to boost adoption and demand for Pi tokens while fostering innovation across multiple industries.
