FTX Ventures, a venture capital firm focused on investing in innovative, high-growth startups, has cut a deal with Dave, the leading automated savings and investing app that boasts over seven million users. Under the agreement, FTX Ventures will acquire a 10% minority stake in Dave for $100 million. The venture capital firm will also become a strategic partner in Dave, providing additional advice and resources to support its ongoing growth. The deal is expected to enable Dave to expand its presence both domestically and internationally, in addition to expanding its product offerings.
Bankruptcy Move: FTX Ventures Cuts Deal with Dave for $100 Million Stake
