Other participating investors in the round included HashKey Capital, SaxeCap, Beco Capital, Alves Ventures, VC3 DAO, CapitalX, Cerulean, Cogitent, Picks & Shovels, Lecca, Imperator, Helikon, Basis Set, Broadhaven, TokenMetrics, MeteorCap, Acacia Digital, and Cosmostation. Source
The Web3 infrastructure provider has now raised money twice in 2023. Source
Li.Fi said that the fundraise will help them execute their long term strategy of getting more users into the Web3. In the latest development, Li.Fi – the multichain liquidity and data gateway provider – raised a total of $17.5 million in Series A fundraise co-led by crypto native investment firms Superscrypt and CoinFund. This fundraise comes at a time when the global macro environment is uncertain and liquidity has been drying up. Li.Fi Series A Funding Li.Fi said that the fundraise will help them execute its long-term strategy. The crypto…
One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet operation beyond Web 3.0. Decentralized KuCoin Wallet is expanding from being a simple Web 3.0 wallet to what can serve on a social finance (SocialFi) scale. According to a Monday announcement, the rebranding which takes immediate effect will see KuCoin Wallet take up a new name – Halo Wallet. The Emergence of a New SocialFi Ecosystem One of the major aims of the rebranding exercise is to widen the scope of Halo Wallet…
CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator. Source
Alchemy’s new raise of $10 million was single-handedly funded by market maker DWF Labs. Singapore-based payments provider Alchemy Pay has taken its expansion efforts a bit further. Alchemy Pay raised $10 million in investment funding to reach a valuation of $400 million, according to a press release. Alchemy Pay Keen on Expanding Its Business For what it’s worth, Alchemy Pay has been focused on leveraging the crypto-friendly nature of South Korea to its fullest capacity. According to a recent statement by the firm, it aims to be at the forefront…
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The ongoing downturn in the crypto market hasn’t stopped European venture capital (VC) firms from investing in DeFi projects. A new report revealed that European DeFi startups saw a 120% increase in VC funding last year. The Euler Finance saga continued to dominate headlines, with the exploiter returning a significant chunk of the $190 million in stolen funds. The exploiter has returned over 58,000…
The recent collapse of FTX has increased interest in Ledger’s secure storage solutions and led to its recent funding success. The cryptocurrency ecosystem experienced a major shake-up following the FTX collapse, as investors rapidly sought safer storage alternatives for their digital assets. The shift in market sentiment resulted in a significant increase in demand for hardware wallets and self-custody options. In particular, Ledger, a leading manufacturer of hardware wallets, witnessed a surge in sales and subsequently secured a substantial portion of a $100+ million investment round. As the FTX collapse…
United States Securities and Exchange Commission Chair Gary Gensler has thrown his support behind U.S. President Joe Biden’s request to allocate a record $2.4 billion in funding for the regulator, highlighting the ongoing need to crack down on “misconduct” in the cryptocurrency industry. In prepared testimony for the March 29 budget hearing with the House Appropriations Committee, Gensler said the additional funding was needed to keep up the pace of innovation, adding: “Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least…
Ethereum-based So-Col wants to go multichain and support more Layer 1 and Layer 2 blockchains. A web3 social platform called So-Col (Social Collectibles), established by crypto influencer Irene Zhao, revealed $4.5 million in fresh funding across two rounds. The latest round which raised $1.5 million, was single-handedly sponsored by DWF, the web3 investment company claimed on Tuesday. So-Col also raised $3 million last May in a round led by Blockchain Capital, Zhao revealed to The Block in an interview. The May round was conducted at a $100 million valuation. Zhao’s…