Crypto-focused investment firm a16z led a Series A investment in the game studio Voldex. The amount wasn’t disclosed. Voldex raises the quality of user-generated content platforms like Rob...
Tag: Venture capital
QuickNode reaches $800 million valuation in Series B round
QuickNode, a web3 infrastructure firm that provides blockchain development tools, reached an $800 million valuation in a $60 million Series B round. Dan Tapiero’s 10T Holdings led the roun...
Islamic fintech Wahed opens physical bank branch in London
Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by ...
Hate fast fashion? You can compost this new streetwear clothing line
Fast fashion is big business, but it is also a big polluter, responsible for about 10% of global carbon emissions. Roughly 70% of the $3 trillion fashion industry is comprised of articles made from sy...
Pantera and Archetype co-lead $12.5 million Series A round for Obol Labs
Obol Labs, a startup aiming to make proof-of-stake blockchains more secure, raised $12.5 million in Series A funding. Investment firms Pantera Capital and Archetype co-led the round, with addit...
Submissions Are Now Open For The Definitive Ranking Of The World’s Best Venture Capitalists
The Midas List, Forbes’ data-driven ranking of the top 100 private tech investors in the world, is back for a 22nd year. Submissions are open through February 14. Tech IPOs on ice. Unicorn valuations ...
Crypto investor HashKey Capital closes third fund at $500 million
Crypto investment firm HashKey Capital has closed its third fund by raising $500 million. The fund comes as the industry is reeling under pressure from recent collapses and the bear market. Dubb...
Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims
FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonatha...
3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchange
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), are hoping to raise $25 million to start a new crypto exchange called GTX, according to two separate pit...
Head of $100 million venture studio Spartan Labs departs
The head of Singapore-based Spartan Group’s $100 million venture studio has quietly left after less than a year in the role. It remains unclear what motivated the departure. Shaun Heng, who was ...
JPMorgan Chase shutters student financial aid website Frank
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan ...
Capella Space raises $60 million from billionaire Thomas Tull’s fund
A satellite image taken at night on Nov. 14, 2022 of NASA’s Artemis I mission before launch from Cape Canaveral in Florida. Capella Space San Francisco-based satellite imagery specialist Capella...
Five Chinese startups that survived a tough year of Covid lockdowns
A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — In a year of Covid lockdowns and travel restrictions...
Startups End a Bruising 2022, Stare Down Another Challenging Year
Startups had a dismal year by nearly every measurement in 2022, from plummeting investment to scarce public listings, and data point to a 2023 that could be even more difficult. As markets tanked in e...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
Crypto has the highest ‘talent density’ since the internet’s early days, says GSR CEO
Episode 128 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and GSR CEO Jakob Palmstierna. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Pod...
NFT Displays Go 3D With Investment Boost From Christie’s Venture Arm
Christie’s auction house is going beyond digital frames to display NFT art, and leveraging 3D holographic technology to showcase both traditional and blockchain-based art in their global galleries.&nb...
Polygon co-founder launches web3 startup accelerator Beacon
Sandeep Nailwal, co-founder of Polygon and Symbolic Capital, has launched a web3 startup accelerator. Called Beacon, the New York City-based accelerator said it will support early-stage crypto p...
How A Former VC Built A Consumer Tech Company To $75 Million Revenue With No Investors
Skylight founder and CEO Michael Segal (left) and new president Aviv Gilboa Skylight Back in 2018, Michael Segal was working at Bessemer Ventures and building his side business making digital picture ...
Alameda gave $400 million to startup in same condo as SBF: CoinDesk
Modulo Capital, a relatively unknown firm that appears to have a lot in common with Sam Bankman-Fried and Caroline Ellison, received a $400 million loan from Bankman-Fried’s investment firm, Ala...
Decentralized market maker Arrakis Finance raises $4 million: Exclusive
Arrakis Finance, a decentralized market-making protocol, raised $4 million in a seed funding round. Investors included Uniswap Labs Ventures, Accel, Polygon Ventures and Robot Ventures. There wa...
The Rise Of The Rest
DETROIT, MICHIGAN – OCTOBER 03: Randall Lane interviews Steve Case at the 2022 Forbes 30 Under 30 … [+] Summit at Detroit Opera House on October 03, 2022 in Detroit, Michigan. (Photo by Ta...
Derivatives platform Paradigm lines up new exchange partnerships post-FTX
Paradigm, the crypto derivatives platform, suffered a big hit to trading volumes following the collapse of FTX. Now, the startup is lining up new exchange partners to try to recapture what it lost. &#...
Embattled crypto lender Amber Group raises $300 million
Singapore-based crypto lender Amber Group today announced a $300 million fundraise that comes amid layoffs and refocusing at the company. Amber said in a tweet that it had closed a Series C roun...
a16z leads $100 million raise for web3 privacy firm Aztec Network
The privacy-focused web3 firm Aztec Network raised $100 million in Series B funding led by the web3 investment firm a16z. Aztec aims to fully encrypt the Ethereum blockchain to add more privacy...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...