Tag: funding

Crypto VC funding falls to 3-year lows as market rout continues

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Startup funding in the crypto industry has fallen back to Q4 2020 levels amid the ongoing bear market.  According to an Oct. 5 report by blockchain analytics firm Messari, a total of $2.1 billion was raised by crypto startups across 297 deals in Q3 2023, down 36% from the previous quarter and nearly 70% from Q3 2022. Seed funding accounted for the largest fundraising category, with $488 million raised over 98 deals. “Trends in deal counts show a significant shift away from later-stage projects and into early-stage projects over the…

TON Secures Massive Funding from MEXC to Boost Web3 on Telegram

The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers. Decentralized blockchain platform The Open Network (TON), initially designed by Telegram, has recently secured major funding from the crypto exchange MEXC. Venture Capital arm MEXC Ventures has pumped a total of 8 figures into TON, as per the announcement on Wednesday, October 4. As a result of the funding, TON Foundation has entered into a strategic partnership with MEXC with the goal of promoting global Web3 accessibility and lowering entry…

Blackbird Labs Raises $24M in Series A Funding Round

According to Founder and CEO Ben Leventhal, the amount raised will be focused on scaling the firm’s operations. Blackbird Labs, the team behind Web 3.0 restaurant loyalty platform Blackbird has completed a $24 million Series A funding round. According to a report by TechCrunch, the round was led by Andreessen Horowitz but also saw participation from other venture capitalists. Other firms that took part in the round include QED, Union Square Ventures, Shine, Variant, and some restaurant groups such as Quality Branded, Rustic Canyon Group, Soulva, and Brooks Reitz. The…

DAOs can help scientists find funding and community, says Nature science journal

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The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available. In a DAO-based research scheme, a project’s organization, fundraising, feedback, and pipeline from discovery to product/industry can all be handled by the same decentralized governing body. Per the Nature article, the general workflow would also be streamlined compared to the status…

Bill Ackman Says His SPARC Funding Vehicle Would Work on Deal with Elon Musk’s X

Ackman received a green light from the United States SEC with an intent to invest a minimum of $1.5 billion in private companies seeking to go public without following the traditional IPO route. Billionaire Bill Ackman, the Chief Executive Officer for Pershing Square, announced that his newly approved SPARC funding vehicle would absolutely consider a deal with the Elon Musk-backed X platform. According to a post by the WSJ, Ackman highlighted that he would be interested in a deal despite Musk’s intention to retain the X platform privately held to…

Web3 Startup IYK Raised $16.8M in Recent Funding Round Led by A16z

The core concept of IYK revolves around the integration of NFC (near-field communication) chips into merchandise and apparel. Besides, the platform is also popular among musicians and artists. IYK, a Web3 startup whose clientele includes Adidas, Billionaire Boys Club, and Atlantic Records, has successfully raised over $16.8 million in a seed round. Founder Ryan Ouyang announced this milestone on his official X (formerly Twitter) account, emphasizing that a16z Crypto, also known as Andreessen Horowitz, led the investment round. Along with a16z, other VC firms contributing to the funding include Lattice…

Character.AI Eyes Impressive Funding at Over $5B Valuation

The potential deal might put the company’s value anywhere from $5 billion to $6 billion, Character.AI, an artificial intelligence startup founded by former Google employees, is in the early stages of discussions to secure substantial funding, possibly exceeding $5 billion in valuation, Bloomberg reported on Thursday, citing people familiar with the matter who wished to remain anonymous. According to the report, the company, having emerged as an early frontrunner in the realm of generative AI tools, has garnered substantial interest from potential investors, and these investors could put in additional…

AI Firm AlphaSense Raises $150M in Series E Funding Round at Valuation of $2.5B

Earlier this year, AlphaSense closed a Series D funding round with $100 million. AlphaSense, an artificial intelligence (AI) company with years of experience in developing products that are used by the majority of S&P 500 companies, has announced the closure of a Series E funding round with $150 million secured at a total valuation of about $2.5 billion. According to the announcement, AlphaSense’s series E funding round was led by Bond, a global technology investment firm, with notable participation from Alphabet Inc (NASDAQ: GOOGL) backed CapitalG, Viking Global Investors, and…

Enflame Technology Secures $273.7M in Funding Supported by Tencent and Shanghai Investors

Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its Series D funding round, raising an impressive 2 billion yuan (approximately $273.7 million). This significant investment was led by a subsidiary of Shanghai International Group, with participation from technology giant Tencent, known for its popular…

Uniswap Unveils Funding Plan For Ecosystem Revamp As UNI Price Hits 4-Month Low

In a move aimed at advancing their vision of creating a self-sovereign Internet with a permissionless alternative to traditional finance (TradFi), the Uniswap Foundation (UF) has submitted a proposal to secure the second tranche of funding.  The desired funding, totaling $62.37 million, will be put to an on-chain vote scheduled for Wednesday, October 4th, with a 10% buffer included to mitigate price volatility. Uniswap Foundation Seeks Community Approval The separation of the funding request into two tranches was initially established to allow the UF to finalize its legal entity and…