The highly controversial “Open Exchange” (OPNX) headed by once-failed Crypto CEOs has reached its fundraising goal of $25 million – though the founders are yet to reveal their benefactors. Meanwhile, ...
Tag: Fundraise
Web3 Builder QuickNode Bucks Bear Market Lull With $60M Fundraise
QuickNode, an end-to-end development platform that helps builders bring their Web3 ideas to life, announced today that it has raised $60 million in new funding to accelerate its vision. The Series B r...
Leading Digital Collectible Platform Candy Digital Announces Series A1 Fundraise
Investment Fuels Company’s Mission to Offer Digital Asset Services to Institutions and Brands Globally and Accelerates web3 Functionality Investors include Galaxy, ConsenSys Mesh, ConsenSys and 10T Ho...
Crypto Lending Platform Matrixport Seeking $100M Fundraise
10 seconds ago | 2 mins read Defi News Financial backers have pledged at least $50 million to the crypto lender. Jihan Wu, a crypto billionaire, established Matrixport Technologies. Matrixport Technol...
Asia Crypto Lender Matrixport Seeks Fundraise At $1.5B Valuation
One of Asia’s biggest cryptocurrency lenders Matrixport Technologies Pte is looking to raise a staggering $100 million in fresh funding at a $1.5 billion valuation. This development comes at a time wh...
Dodging Worst of FTX, Arca Won’t Stay ‘Stagnant’
In a yo-yo of a year for digital asset investment managers, Arca has largely held its ground. The hedge and venture fund firm, in fact, is in the middle of finalizing a Series B round, acc...
Bankman-Fried cashed out $300 million during FTX fundraise last year: WSJ
FTX founder Sam Bankman-Fried quietly cashed out $300 million in personal stakes in the midst of a $420 million fundraise in October 2021, the Wall Street Journal reported. Bankman-Fried told in...
SBF says he wants to ‘raise liquidity’ as puzzling tweets continue
Sam Bankman-Fried, former CEO of beleaguered crypto exchange FTX, is still tweeting. In the latest installments of a puzzling series of posts on Twitter, Bankman-Fried said that “too much levera...
Thoma Bravo Leads $70M Fundraise for Blockchain Intelligence Firm TRM Labs
“TRM has differentiated itself as the premier blockchain intelligence solution to the public and private sector, with a unique breadth of asset coverage, cross-chain analytics and level of product inn...
Amber Group reduces valuation, seeks additional $100 million: Bloomberg
Tumultuous market conditions caused crypto trading platform Amber Group to reduce its valuation as the company pursues a new funding round. Amber Group now seeks $100 million at the same $3 bill...
UK-based Cryptocurrency mining company Argo’s share price falls after fund-raise cancellation
Argo was to raise £ 24 million in debt; the company recently sold new miners. Earlier, Argo sold BTC to stay afloat; now it is selling mining machines. Argo may be facing the same fate as its US count...
This Month’s Crypto Fundraise Highlights So Far
The first half of October has seen numerous crypto-related companies securing multi-million fundraisers. Some examples include Horizon Blockchain Games, Step, Uniswap Labs, Copper Technologies, and th...
Cipher Mining seeks to raise up to $250 million in stock market offering
New York-based Cipher Mining aims to raise up to $250 million in a stock market offering of its common stock, a Sept. 21 regulatory filing shows. The move comes as bitcoin miners struggle to make ends...
Variant leads $18.5 million fundraise for developer platform Hyperlane
Hyperlane, a startup that helps developers connect applications across different blockchains, has raised $18.5 million from web investment firm Variant. Galaxy Digital, CoinFund, Circle, Figment, Bloc...
MicroStrategy could raise up to $500 million to buy bitcoin
MicroStrategy could sell up to $500 million in class A common stock and could buy more bitcoin. A new prospectus filed with the Securities and Exchange Commission (SEC) says the firm has entered into ...
VC firm Bloccelerate aims to raise $100 million for new fund
Bloccelerate aims to raise $100 million for its new investment fund, the venture capital firm said in a new filing with the Securities and Exchange Commission. The Seattle-based VC raised $20 million ...
Mysten Labs’ $300M Fundraise Values Business at More Than $2B
Other participants in the funding round were a16z, Binance Labs, Franklin Templeton and Coinbase Ventures Sui, launched in March, forgoes consensus for most transactions, allowing it to speed up trans...
21Shares’ Parent Company Valued at $2B After Marshall Wace-led Fundraise
London-based hedge fund Marshall Wace has previously invested in Circle, ConsenSys, Lukka and TRM Labs “We want all of our products in every single geography,” 21.co CEO said Investors have valued the...
Luabase raises $4.5m to get reliable web3 data at scale
Luabase, a start-up that is making blockchain data easier to use, has raised $4.5 million from Costanoa Ventures, 6th Man Ventures, and the founder of thirdweb, a platform for developers to build appl...
Lightnet secures $50 million LDA capital commitment for remittances
The Lightnet Group said it has secured a $50 million capital commitment from LDA Capital to expand blockchain technology for remittances. Singapore-based Lightnet will have the option to increase the ...
Zipmex Requests Meeting With Thai Regulators Ahead of Fundraise
In an attempt to stay afloat, Zipmex has asked for meetings with the Securities Exchange Commission in Thailand as well as other government agencies as it works on a recovery plan. The firm intends to...
Fundraise for Your Crypto Projects With These Fundraising Platforms
Similar to startups in the business space, most crypto assets need fundraising to bring their product to the market. But it’s not just about raising money. There are a lot of other components to it th...
Klarna valuation cut to $6.7 billion in $800 million fundraise
Klarna, the Swedish fintech company, has raised $800 million in common equity at a $6.7 billion post-money valuation, the company announced on Monday. The backing comes from existing investors such a...
Doodles NFTs Announces Pharrell as Chief Brand Officer, Fundraise Led by Alexis Ohanian
In brief Doodles, a popular NFT project, has named musician Pharrell Williams its Chief Brand Officer. Reddit co-founder Alexis Ohanian’s VC firm led the first ever funding round for Doodles. Ethereum...
India’s CityMall cuts 191 jobs following $75 million fundraise in late March
Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversa...
European Fintech Klarna to Lose Two-Thirds of Its Valuation, Seeks $500M Fundraise
Not so long ago Klarna was planning to raise $1 billion, which would bring its valuation to a 30 billion range. Tech funds are certainly not what they used to be anymore, and top European fintech firm...
StarkWare founders talk through $100 million Series D fundraise, mass adoption
Episode 46 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and StarkWare Co-Founders Uri Kolodny and Eli Ben-Sasson. Listen below, and subscribe to The Scoop on Apple, S...
Starling Bank Completes Internal Fundraise of £130.5 Million
Starling Bank, one of the fastest-growing digital challenger banks in the UK, recently confirmed that it has completed an internal fundraise of £130.5 million. The new investment, which saw participat...
Binance Labs Announces Participation in Gold House Ventures $30M Fundraise
By unifying Asians and Pacific Islanders, Gold House seeks to also enable more authentic multicultural representation. Binance Labs stated that it recently participated in the $30 million fundraising ...