Category: Funding

Indian crypto exchange CoinSwitch Kuber raises $25 million in Series B funding from Tiger Global

Indian crypto exchange CoinSwitch Kuber has raised $25 million in a Series B funding round. The round was backed by a single investor — Tiger Global Management — marking its first investment in an Indian crypto firm. Tiger invested at a valuation of over $500 million, said CoinSwitch. CoinSwitch’s Series B comes just three months […]

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Blockchain firm Digital Asset raises $120 million in Series D funding

Enterprise blockchain firm Digital Asset Holdings has raised $120 million in a Series D funding round. Investment firms 7Ridge and Eldridge backed the round. Carsten Kengeter and Veronica Augustsson of 7Ridge have also joined Digital Asset’s board. With fresh capital at hand, Digital Asset is aiming to expand its team by 50% this year and […]

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NYDIG nabs strategic investment from First Financial

First Foundation, the publicly traded company that counts a bank and a financial advisory firm among its subsidiaries, has made a strategic investment in NYDIG. First Foundation will also work with the investment firm to provide its clients with bitcoin-related products.  First Financial did not disclose the size of the strategic investment in NYDIG in […]

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Andreessen Horowitz leads $28 million round for zero-knowledge private applications platform

An array of crypto industry investors led by a16z has backed the $28 million funding round for Aleo, a platform designed to support decentralized, private applications. The project is aimed at making it easier for developers to create applications that employ blockchain tech and zero-knowledge cryptography, the latter of which effectively enables one party to […]

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Injective Protocol raises $10 million from Mark Cuban and other investors

Decentralized derivatives exchange Injective Protocol has raised $10 million in a new funding round. Several investors, including billionaire entrepreneur Mark Cuban, Pantera Capital, BlockTower, Hashed Ventures, CMS Holdings, and QCP Capital, participated in the round. “This was a private placement token sale,” Mirza Uddin of Injective Protocol told The Block. “We sold tokens with a […]

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Billionaire Mark Cuban invests in NFT data platform CryptoSlam

Billionaire entrepreneur and owner of the basketball team Dallas Mavericks has made a strategic investment in NFT data platform CryptoSlam. Cuban invested in the startup via his venture capital firm Radical Investments. CryptoSlam declined to share the investment sum but said this is its first external round since its inception in 2018. “Until now, I’d been […]

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The Money Roundup: Making Cents of Blockchain Fundraising News

From crypto trading to defi, the most exciting areas in blockchain fintech development and innovation are attracting serious investments from all industry corners. To introduce more tools and complementary services to the ecosystem, the recipients of these capital allocations are endeavoring to promote greater adoption by removing many existing participation obstacles and taking a more […]

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Polkadot-based DeFi project Equilibrium raises $2.5 million in new funding

Equilibrium, a Polkadot-based interoperable decentralized finance (DeFi) project, has raised $2.5 million in Series A funding. The funds were raised via a token sale, Equilibrium CEO Alex Melikhov told The Block. Investors, including CMS Holdings, KR1, Signum Capital, AU21 Capital, and Genesis Block Ventures, purchased Equilibrium’s EQ tokens, said Melikhov. With the investors on board, […]

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Bitcoin investment firm NYDIG raises another $100 million

NYDIG, the New York-based crypto investment firm, has secured another $100 million just one month after announcing a $200 million fundraise. The additional cash comes from strategic partners, including insurance firms Starr Insurance, Liberty Mutual Insurance and other property and casualty-focused insurers. They join life insurance and annuity-focused firms New York Life and MassMutual as […]

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Mapping out the 10 most active crypto funds’ Q1′ 21 investments

Quick Take The Block Research analyzed a total of 314 blockchain-related investment deals that occurred during Q1′ 21 to identify which crypto funds have been the most active to the start of the year While much of the year remains, only three of the most active funds in 2020 made it to the list during […]

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