The head of Sparan Group's venture capital studio Spartan Labs has resigned

ChainCatcher news, Shaun Heng, the head of the $100 million venture studio Spartan Labs under Sparan Group, has left the company and is now succeeded by Adrian Lai, the head of creative and design at Spartan Labs.

It is reported that Shaun Heng previously worked at the data provider CoinMarketCap, joined Spartan Labs in March 2022, and left in December 2022 for unspecified reasons.

According to a blog post published by Shaun Heng upon his appointment, Spartan Labs' initial goal was to develop and launch six to seven projects each year, providing them with advice, talent, clients, and funding. However, according to Kelvin Koh, managing partner of Spartan Group, the studio has yet to launch a project, with the first project expected to be unveiled this month. (source link)