Tag: funding

Web3 communication app goes after Twitter with $12.5M seed funding

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Developers of one of the earliest Android-based mobile browsers are working to bring online communication to the next level by introducing it to Web3. Sending Labs, a new startup focused on decentralized communications protocol, has secured $12.5M in seed funding to launch the Web3 communications stack. The new platform takes on the mission of building accessible and secure infrastructures for Web3 communication for developers and the community, applying end-to-end decentralization of core of its products. With the new offering, Sending Labs aims to enable privacy-preserving communications and guarantee ownership and…

Coincover secures $30 million in funding to strengthen digital asset security

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London-based digital asset protection firm, Coincover, has secured $30 million in a funding round led by Foundation Capital, with a follow-on investment from CMT digital.  According to Coincover’s announcement, the funds will be used to scale its operations, drive recruitment, develop new products, and form partnerships to help strengthen the security of the cryptocurrency ecosystem, thereby, providing even more comprehensive protection to businesses and individuals holding digital assets.  Coincover was founded in 2018 and launched in 2019 with the aim of providing trust to the digital asset industry. The company…

Crypto lender SALT makes comeback with $64.4 million funding

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The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail.  SALT Lending, one of the world’s first cryptocurrency lenders, announced Feb. 8 that it has closed a $64.4 million financing that will strengthen its balance sheet and replenish its capital reserves. Accredited investors will receive shares of the company’s preferred…

UK blockchain carbon offset platform raises $45M in seed funding

According to a press release published on Feb. 8, blockchain carbon credit transaction network Carbonplace has secured $45 million in an investment round from its nine founder banks with a combined $9 trillion in assets under management. The banks are BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. The London-based fintech has also announced that it will become an independent entity, led by new CEO Scott Eaton. As told by Carbonplace, the company will use the investment to strengthen its platform and workforce,…

12 tips to help crypto and blockchain companies win VC funding

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It’s no secret venture capitalists react to prevailing market conditions when making decisions, and amid global economic uncertainty, entrepreneurs from across industries are finding that VC funds are more difficult to come by these days. This is especially true for crypto and blockchain companies, which have to overcome not only a knowledge barrier but also the lingering fear aroused by recent bad behavior from certain high-profile crypto founders and firms.  Crypto pioneers who became accustomed to a free-flowing tap of VC cash during the industry’s early heyday may need to…

Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion – Fintech Bitcoin News

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Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes it the country’s “only private billion-dollar company.” ‘Egypt’s Greatest Fintech Success Story’ MNT-Halan, an Egyptian fintech serving the country’s unbanked population, announced on Feb. 1 that it had raised close to $ 340 million via debt and equity financing. The fintech also said it…

Blockchain Company SIMBA Chain Received $30M Funding Increase From US Air Force

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Web3 Security Firm Hypernative Secures $9M in Seed Funding

Boldstart Ventures and IBI Tech Fund led the round, with additional investments from Nexo, Blockdaemon, Borderless, Alchemy, and CMT Digital, among others. The capital will support the firm’s goals to provide a “proactive security and risk prevention platform” for Web 3 companies, decentralized finance protocols and other players in the crypto world, according to Hyperative co-founder and CEO Gal Sagie. Original Source FirmfundingHypernativeSecuresSecuritySeedWeb3 CryptoX Portal

Fortune Unicorn Club (FUC), the First DIY-Mint Method NFT Project, Has Won 2 Million in Funding in the ForChain Labs’ Seed Round – Press release Bitcoin News

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press release PRESS RELEASE. ForChain Labs was founded in April 2022 as a web 3 startup company. Meanwhile, the NFT project, Fortune Unicorn Club, was being developed. ForChain Labs has raised 2 million funds in its seed round and will use the funds to develop and operate Fortune Unicorn Club (FUC), the first NFT project to utilize DIY-minting. As reported, ForChain Labs currently manages investments in four major segments: industrial, technology, finance, and web 2, with 198 portfolio companies and $9.3 billion in assets. As a result, the venture capital…