Nillion, a startup building a decentralization platform without a blockchain, raised $20 million in seed funding. Investment firm Distributed Global led the round, and Big Brain Holdings, Chapte...
Tag: Venture capital
Funding Wrap: Venture Funding Down but Not Out
It’s not all doom and gloom for crypto. Recent reports showed that investors poured over $20 billion into crypto projects in the first three quarters of 2022, a whopping 41% more than the same period ...
Challenging Times Are The Perfect Time To Invest In Startups
By Rachel ten Brink Great ideas and solid business foundations can still find pathways to success in an uncertain … [+] economy. getty The last few months have brought a dramatic shift in the ma...
DeFi derivatives protocol Perennial raises $12 million, launches mainnet
Perennial, a decentralized finance protocol for trading derivatives, raised $12 million in a seed funding round. Polychain Capital and Variant co-led the round, with Archetype, Coinbase Ventures...
$400 billion erased from European tech market in 2022, Atomico says
The Klarna logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Europe’s tech industry has lost more than $400 billion in value this year, according to ve...
Investors Need To Take Vulnerable Infrastructure Seriously
CARTHAGE, USA – DECEMBER 05: A view of the substation while work is in progress as tens of thousands … [+] are without power on Moore County after an attack at two substations by Duke Elec...
Uniswap-based DeFi protocol Panoptic raises $4.5 million
Panoptic, a Uniswap-based decentralized finance protocol for trading perpetual options, raised $4.5 million in a seed funding round. Gumi Cryptos Capital led the round, with Uniswap Labs Venture...
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coi...
Ngrave looks to raise $15 million Series A at $60 million pre-money valuation
Ngrave, a crypto hardware wallet manufacturer, is aiming to raise $15 million in a Series A funding round, according to a pitch deck obtained by The Block. Binance Labs is leading the round, a s...
Analyzing Founders Fund’s Crypto Portfolio
November 30, 2022, 4:14PM EST • 6 min read Quick Take Founders Fund is a San Francisco-based venture capital firm founded in 2005 by Peter Thiel, Luke Nosek, Sean Parker, and Ken Howery Founders Fund ...
SCB 10X opens new web3 collaborative space in Bangkok: Exclusive
SCB 10X — the venture unit within Thailand’s oldest bank group, Siam Commercial Bank (SCB) group — opened a a 10,000-square-foot web3 collaborative space in Bangkok. Called DistrictX, the ...
Peter Thiel’s VC fund backs climate-conscious fintech TreeCard
TreeCard offers users a spending and money management platform tied to a debit card made from wood. TreeCard TreeCard, a climate-conscious digital money app, raised $23 million from investors in a new...
Qredo-incubated hybrid crypto exchange breaks cover: Exclusive
Ankex, a new hybrid crypto exchange incubated by DeFi infrastructure firm Qredo, announced its launch today. Qredo builds decentralized tools that help DeFi outfits with settlement, custody an...
CoinFund’s new $300 million fund aims to capture ‘steep’ early-stage value
Episode 117 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and CoinFund Managing Partner David Pakman. Listen below, and subscribe to The Scoop on Apple, Spotif...
Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’
Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. The likes of M...
Polkadot-based protocol t3rn raises $6.5 million: Exclusive
t3rn, a Polkadot-based blockchain interoperability protocol that aims to facilitate cross-chain transactions, has raised $6.5 million in a strategic funding round. Polychain Capital led the roun...
Sequoia’s Doug Leone says today’s downturn is worse than 2000 and 2008
Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty...
Cosmos-based DeFi protocol Onomy raises $10 million: Exclusive
Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round. The round was backed by investors including Bitfinex, GSR, Ava Labs, CMS Holdings a...
Analyzing Pantera’s Investment Portfolio
November 22, 2022, 2:28PM EST • 26 min read Quick Take Founded in 2003 by Dan Morehead, Pantera Capital was initially a traditional hedge fund focused on global macro trends. However, the firm shifted...
Fintech banking app Dave wants to dispel doubts after 97% stock plunge
Mobile banking app provider Dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company g...
Venture Round with Meltem Demirors and Vanessa Grellet
Episode 115 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, CoinShares CSO Meltem Demirors, and Aglaé Ventures’ Managing Partner Vanessa Grellet. Listen b...
Intel’s Newest Director Buys Big Block of Stock
On the heels of Intel CEO buying the company’s stock, the chip giant’s newest director also scooped up shares. Lip-Bu Tan, who joined Intel’s (ticker: INTC) board on Sept. 1, paid $1.35 million on Nov...
VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse
Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. The event brings together leaders in fi...
Temasek writes down $275 million investment in FTX
Temasek, Singapore’s sovereign wealth fund that manages about $300 billion, has written down all of its $275 million investment in FTX and FTX US. Temasek had invested $210 million for a 1...
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...
Paradigm founder feels ‘deep regret’ over FTX investment, marks it down to zero
Paradigm co-founder Matt Huang said that the VC firm wrote down its investment in the bankrupt FTX exchange to zero, confirming what The Block had previously reported. The executive also said th...
Tech leaders reckon with higher interest rates, down rounds and layoffs
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech ...
Ikigai’s Travis Kling says hedge had ‘large majority’ of assets on FTX
Ikigai Asset Management, a Puerto Rico-based crypto asset management startup, held a “large majority” of its assets on FTX and was not able to withdraw much of those assets after the excha...
Binance will launch a new ‘industry recovery fund’
Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...