Pi Network unveils $100M fund to boost blockchain app development

In a major move to expand its blockchain ecosystem, Pi Network has launched a $100 million investment fund to support startups developing applications on its platform. The new initiative, named Pi Network Ventures, aims to accelerate innovation and drive real-world utility for the Pi blockchain.

According to the official announcement, the fund will consist of both Pi tokens and U.S. dollars. Managed by the Pi Foundation, an “ownerless” organization dedicated to long-term ecosystem growth, the fund will support early-stage to Series B startups that are building on or integrating with Pi Network’s infrastructure.

“This strategic program intends to invest in high-quality startups and companies across sectors, driving innovation and ecosystem growth,” the team shared via X (formerly Twitter).

What is Pi Network Ventures?

Pi Network Ventures has been created to supercharge the utility of Pi by backing projects that bring real-world value to the blockchain. The fund aims to attract a wide range of businesses and developers, not just within the crypto space but also in sectors like fintech, AI, e-commerce, embedded payments, marketplaces, and social media.

By offering financial support and aligning incentives, Pi Network hopes to create a thriving ecosystem where innovation fuels adoption — and vice versa.

Venture Capital Meets Blockchain

Setting itself apart from other crypto venture funds, Pi Network Ventures is positioning itself to operate with the rigor and structure of traditional Silicon Valley venture capital. The fund’s investment process promises to include careful sourcing, in-depth vetting, and targeted support for disruptive startups.

Pi Network Ventures plans to back a diverse portfolio, with a particular focus on startups that can scale and deliver impact across industries. A portion of the investment capital will come from the 10% of Pi tokens previously reserved for ecosystem development.

A Bold Step Amid Ongoing Scrutiny

The launch of this venture fund comes at a time when Pi Network continues to face scrutiny from parts of the crypto community. Critics have questioned the platform’s transparency, citing concerns about its white paper and revenue model. The project’s referral-based growth strategy has even sparked comparisons to multilevel marketing schemes.

Meanwhile, the network’s native token, PI, has experienced significant volatility. Since the mainnet launch in February, PI has fallen over 65%, currently trading 25% below its peak value.

Despite the skepticism, Pi Network’s latest move signals a strong commitment to ecosystem expansion and long-term relevance. By betting big on builders, the platform hopes to transition from a mobile-first experiment to a robust blockchain economy.