Category: Fundraise

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 […]

Continue Reading

a16z backs DeFi project Goldfinch, which aims to reshape lending

a16z backs DeFi project Goldfinch, which aims to reshape lending

Despite the slump in cryptocurrency prices, the number of firms raising in the decentralized finance (DeFi) market has continued to pick up.  Lending protocol Goldfinch offers the latest example. The project announced Wednesday the completion of a $11 million fundraise led by venture capital investment giant a16z. The firm, which has grown by 2.5x over […]

Continue Reading

Bitwise raises $70 million from new Wall Street investors, including Henry Kravis and Dan Loeb

Bitwise raises $70 million from new Wall Street investors, including Henry Kravis and Dan Loeb

Bitwise has enlisted the backing of a long roster of financial heavy hitters in a funding round announced Tuesday.  The firm, which has raised $70 million at a $500 million valuation, added financiers like Henry Kravis — founder of KKR — and Stan Druckenmiller, the billionaire hedge funder. The round was co-led by cryptocurrency investment […]

Continue Reading

Ethereum Rival Solana Raises $314 Million in Private Token Sale

Solana Labs raised $314 million in a private token sale, making it the fourth-highest fundraising in the crypto ecosystem. The private funding round was led by Andreessen Horowitz and Polychain Capital, with participation from Alameda Research, Blockchange Ventures, and CMS Holdings. Anatoly Yakovenko, CEO of Solana said, “That’s the whole purpose of the space: it’s […]

Continue Reading

After $440 million fundraise, Circle is said to be considering a SPAC deal

After $440 million fundraise, Circle is said to be considering a SPAC deal

Circle, the company behind the fast-growing dollar-pegged coin USDC, has raised $440 million in fresh capital. The sizeable funding deal comes ahead of a potential special purpose acquisition vehicle (SPAC) deal, according to two sources familiar with the matter. Among those taking part in the $440 million round were Fidelity, FTX, Digital Currency Group, Marshall […]

Continue Reading

‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania

‘Nowhere near a top’: Framework’s Vance Spencer on institutional adoption and the memecoin mania

In Vance Spencer’s view, the market is completely undercounting the amount of capital that’s about to move into the crypto world from institutional investor circles.  The co-founder of the $1 billion-plus investment firm Framework Ventures would have a good sense of that trajectory, considering how Framework wrapped up a $100 million fundraise for a new […]

Continue Reading

Polkadot platform for DeFi derivatives lands $6.4 million in seed funding

Polkadot platform for DeFi derivatives lands $6.4 million in seed funding

On May 13, dTrade announced the closing of its seed funding round, which saw $6.4 million in investment from Three Arrows, DeFiance, Huobi and Polychain.  DTrade aims to be the first derivatives exchange built on Polkadot. A press release shared with The Block said that it enables leveraged derivatives that settle on-chain. The goal is […]

Continue Reading

Hedge fund Coatue Management leads crypto infrastructure firm’s $80 million Series B

Alchemy has raised $80 million in a Series B funding round at a valuation of more than $505 million. Founded in 2017, the company offers projects and companies across the cryptocurrency market — ranging from decentralized exchanges to non-fungible token platforms — with developer tools to build blockchain-based products. Those tools range from node management, […]

Continue Reading