Tag: 880M

Venture Capital Firm 8VC Secures $880M with Mission to ‘Fix a Broken World’

8VC has been investing in diverse businesses and companies from sectors such as life sciences, logistics, IT infrastructure, financial services, government and defense, consumer, and enterprise. 8VC, the Austin-based venture capital firm led by Palantir founder Joe Lonsdale, has raised a staggering $880 million in its fifth funding round. This news comes despite greater macro uncertainty and the drying up of capital in global markets. In his recent blog post, Lonsdale, who is also 8VC’s general partner, stated that the firm’s mission is to “fix a broken world”. He further…

Terraform Labs gifts another $880M to Luna Foundation Guard

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Terra (LUNA) blockchain developer Terraform Labs (TFL) has gifted the Luna Foundation Guard 10 million LUNA worth around $820 million at current prices. The Luna Foundation Guard (LFG) is a nonprofit organization attached to Terra that is tasked with collateralizing the network’s algorithmic stablecoin Terra USD (UST) to keep it pegged with the U.S. dollar. Terraform Labs’ latest announcement came via Twitter on April 14, but did not outline what the funds will go towards specifically. However, transaction data from Terra Finder shows that 7.8 million LUNA (roughly $630 million)…