ABCDE announced the cessation of new project investments and the launch of a new incubator brand, Vernal.

According to Gate.io News bot, Du Jun, co-founder of ABCDE, announced via social media that ABCDE has officially ceased investment in new projects and is also suspending the fundraising plan for Phase II. The original team will continue to provide post-investment support for existing projects and will be responsible for exit arrangements to fulfill commitments to entrepreneurs and LPs.

Du Jun also revealed that they have launched a new incubator brand called Vernal, and plan to announce the incubator shareholders, incubation rules, and the list of the first incubation projects in May.

Source: Wu Shuo

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