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Serena Williams Reveals Her Investment in Cryptocurrency Exchange Coinbase Through Serena Ventures

Serena Jameka Williams, the prominent tennis player, exposed in an Instagram post that she launched her investment business Serena Ventures in 2014 and wordlessly invested in over thirty companies. Notably, the post was published on April 17. She further revealed in the post that one of the thirty companies included major digital asset and cryptocurrency exchange Coinbase.

As per the official website of Serena Ventures, the market capitalization of the firm’s portfolio is in excess of $12 billion. Furthermore, the diversity of the founders of the companies in which the investment firm invested is sixty percent. The aforementioned website further notes that the fund is primarily focused on early-stage companies. It added that the fund encourages cooperation among the portfolio companies and expands partnership prospects.

As per Wikipedia, Williams won 4 gold medals at the Olympics. In addition, the Women’s Tennis Association ranked her world No. 1 in singles on 8 separate occasions. In addition, in August last year, one of the prominent business news outlets anticipated her net worth to be around one hundred and eighty million US dollars.

As several crypto media outlets reported earlier this week, Reuters lately reported that venture capital investment in crypto and blockchain-related startups are expected to set a new all-time high in 2019.

Furthermore, a report from IDC Government Insights claims that the United States federal government is anticipated to raise its blockchain expenditure to $123.5 million by 2022. This figure shows an over one thousand percent increase as compared with the $10.7 million it spent in 2017.

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