Category: Funding

Crypto wealth manager Abra bags $55 million Series C raise

Crypto wealth manager Abra bags $55 million Series C raise

A crypto wealth management platform named Abra has closed a $55 million Series C fundraise a little over a year after settling charges with U.S. regulators. Abra paid $300,000 in July 2020 to both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to settle charges that it sold off-exchange swaps […]

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NFT scaling startup Immutable raises $60 million in Series B funding

NFT scaling startup Immutable raises $60 million in Series B funding

The Australian startup Immutable, creator of the NFT-focused Ethereum Layer 2 protocol Immutable X, has raised $60 million in a new funding round — bringing its total raised to $77.5 million.  BITKRAFT Ventures and King River Capital co-led the round, according to a press release. Other participants included Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda […]

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Citi leads $15 million Series A for crypto data startup Amberdata

Citi leads $15 million Series A for crypto data startup Amberdata

Amberdata, a crypto-focused data startup, has raised a $15 million Series A funding round led by Citi. Other participants in the funding round include Franklin Templeton, Rovida Kruptos Assets and Galaxy Digital. The firm said that GoldenTree Asset Management executives, as well as existing investor HWVP, also led the round. Amberdata said it would use […]

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Crypto miner Argo Blockchain launches IPO on Nasdaq

Crypto miner Argo Blockchain launches IPO on Nasdaq

Argo Blockchain, the London Stock Exchange-listed crypto mining company, has launched an Initial Public Offering in the United States. The crypto firm has floated 7,500,000 American Depositary Shares (ADSs), equal to 75,000,000 ordinary shares, on the Nasdaq Global Market under the symbol ARBK, according to an announcement. With a last closing price for Argo’s ordinary […]

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Algorand sets up $330 million fund that’s focused on DeFi

Algorand sets up $330 million fund that’s focused on DeFi

Blockchain platform Algorand created a $330 million decentralized finance (DeFi) fund today, to encourage growth of DeFi on Algorand. Algorand is a proof-of-stake protocol with high transaction speeds that was created by computer scientist Silvio Micali. It has a two-layer system for operating both normal transactions and complex DeFi ones. Plus, when new blocks are […]

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Eden, priority transaction network for Ethereum, raises $17.4 million in token sale

Eden, priority transaction network for Ethereum, raises $17.4 million in token sale

Eden Network, a priority transaction network for Ethereum that provides protection against miner extractable value (MEV) and arbitrary transaction reordering, has raised $17.4 million in a seed funding round. The round was secured via selling EDEN tokens, Caleb Sheridan, a core developer of Eden Network, told The Block. Multicoin Capital led the round, with Jump […]

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SubQuery, indexing protocol for Polkadot ecosystem, raises $9 million in SAFT sale

SubQuery, indexing protocol for Polkadot ecosystem, raises $9 million in SAFT sale

SubQuery Network, a data indexing protocol for the Polkadot and Kusama ecosystems, has raised $9 million in a new funding round. This was a Series A round and was secured via a simple agreement for future tokens (SAFT) sale, SubQuery CEO Sam Zou told The Block. Digital Currency Group, Arrington Capital, and Stratos Technologies co-led […]

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From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

From Uber to Revolut to Bitpanda: Inside Irina Scarlat’s formula for ‘hyper-growth’

Quick Take Bitpanda’s newly-hired chief growth Irina Scarlat officer aims to grow the platform’s user base to ten million people by the end of next year.  Scarlat is acutely aware of the pressure that such rapid growth can exert on staff, but believes that helping junior staff to prioritize tasks prevents them ‘running like a […]

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Parcel raises $2.5 million to build treasury management protocol for DAOs

Parcel raises $2.5 million to build treasury management protocol for DAOs

Parcel, a crypto startup based in India, has raised $2.5 million in seed funding to build a treasury management protocol for decentralized autonomous organizations (DAOs). Dragonfly Capital led the round, with Scalar Capital, A Capital, Compound, Consensys, 6th Man Ventures also participating. Angel investors including Cooper Turley of Audius, Leighton Cusack of PoolTogether, and Ryan […]

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Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others

Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others

Trader Joe, a decentralized finance (DeFi) protocol built on the Avalanche blockchain, has raised $5 million in a token sale. Lead investors in the round include DeFiance Capital, GBV Capital, and Mechanism Capital, according to a statement shared with The Block by Trader Joe on Thursday. Other backers include Three Arrows Capital, the Avalanche Foundation, […]

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