Category: Funding

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

FTX Launches $2 Billion Venture Capital Fund Focused on Bolstering Blockchain, Web3 Adoption

The cryptocurrency firm FTX has announced the launch of a $2 billion venture capital fund called FTX Ventures. The fund’s focus will be on advancing blockchain and Web3 technology alongside investments in “social, gaming, fintech, software, and healthcare.” FTX Reveals $2 Billion Venture Capital Fund, Hires Lightspeed Partner Amy Wu FTX Trading Limited has announced […]

Continue Reading

Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

Continue Reading

Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding

Pantera’s Bitcoin Feeder Fund reaches $63.7 million in funding

Pantera Capital, an American hedge fund that manages over $6.4 billion in blockchain-related assets, has now reached $63.7 million in funding from 153 investors for its Bitcoin Feeder Fund, a Securities and Exchange Commission (SEC) filing shows.  Through the Bitcoin Feeder Fund, investors can indirectly partake in Pantera’s Bitcoin Fund — a passive bitcoin tracker […]

Continue Reading

Serum community foundation raises $75 million in token sale from Tiger Global and others

Serum community foundation raises $75 million in token sale from Tiger Global and others

The Incentive Ecosystem Foundation, a community-led foundation of Project Serum, has raised $75 million in a new funding round. Serum is a Solana-based decentralized exchange and liquidity infrastructure platform. Tiger Global, Commonwealth Asset Management, Tagus Capital, executives at Golden Tree Asset Management, and several other investors participated in the round. This was a token funding […]

Continue Reading

Crypto bank Sygnum raises $90 million, now valued at $800 million

Crypto bank Sygnum raises $90 million, now valued at $800 million

Sygnum, a regulated crypto bank and asset manager, has raised $90 million in a Series B funding round. The firm is now valued at $800 million. Sun Hung Kai & Co., a Hong Kong-listed financial services company, led Sygnum’s Series B funding. Other investors in the round included Animoca Brands, SBI Holdings, Siam Commercial Bank’s […]

Continue Reading

DeFi startup Umee raises additional $32 million in CoinList sale

DeFi startup Umee raises additional $32 million in CoinList sale

Umee, a protocol building interoperable tools for decentralized finance (DeFi) users, has raised an additional $32 million through a Coinlist sale of its native UMEE tokens.  Umee is building out a “cross chain DeFi hub,” which provides DeFi users with a number of interoperable tools that work across various chains and venues. The hub will […]

Continue Reading

Institutional crypto custodians raised more than $3 billion in 2021

Institutional crypto custodians raised more than $3 billion in 2021

Crypto custodial firms focused on the institutional market experienced a significant upswing in funding in 2021, according to The Block Research. Such firms have raised more than $3 billion this year. As noted in The Block Research’s 2022 Digital Asset Outlook Report, the rate of investments was more than three times higher than 2020.    […]

Continue Reading

Crypto companies raised just over $25 billion in venture funding during 2021

Crypto companies raised just over $25 billion in venture funding during 2021

Just over 1,700 venture capital deals focused on the crypto space occurred in 2021, netting these startups, projects and protocols some $25.1 billion in financing. Compared to 2020, the new figures represent a 126% increase year-over-year in the number of deals and a 719% increase year-over-year in total funding. These findings were included in The […]

Continue Reading

NFT lending platform Arcade raises $15 million in Series A funding

NFT lending platform Arcade raises $15 million in Series A funding

Arcade (formerly Pawn.fi), a platform that lets users borrow against their NFTs as collateral, has raised $15 million in a Series A funding round. Pantera Capital led the round, with Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital, and Lemniscap also participating. Angel investors such as […]

Continue Reading