Tag: funding

Galaxy Digital Leads $20M Funding Round in DeFi Firm Skolem

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Crypto Asset Manager Valkyrie Raises $11M in Strategic Funding

“We really weren’t anticipating raising any capital right now,” Valkyrie co-founder and Chief Investment Officer Steven McClurg told CoinDesk in an interview, noting that the firm initially declined investment offers. “It was a little bit less about the money and more about the strategic partnerships.” Source

BlockFi Valuation Sinks to $1B in Latest Funding Round: Report

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DeFi community rallies behind PoolTogether to hit $1.4M NFT defense funding target

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No-loss lottery decentralized finance (DeFi) platform PoolTogether has reached 100% of its legal defense funding goal via the sale of NFTs. It has taken the project just ten days to reach its funding goal of 769 Ether (ETH) or $1.4 million, signaling strong support from the DeFi community who are rallying against a lawsuit that some feel is an attack on the greater sector as a whole. the community has spoken @PoolyNFT https://t.co/pJSRUfjk3f — francom.eth (@francom619) June 5, 2022 PoolTogther is currently selling three tiers of NFTs as part of…

Paradigm and Pace Capital Backs DAO Management Platform Network in $5M Seed Funding Round

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 Dework, a startup that aims to be a combination of Trello and LinkedIn for Web3, raised $5 million in a seed funding round co-led by crypto investing giant Paradigm and early-stage venture capital firm Pace Capital. According to the founder and CEO of Dework, Lonis Hamaili, “The fresh capital will help Dework expand from its current three-person core team and several contributors.” In a draft blog post provided to CoinDesk, it explains the mission of the Web3 platform: “Dework is a Web 3-native collaboration tool where decentralized autonomous…

DTT Group Secures $10M Series-A Funding for DTTcoins Crypto Exchange

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DTT Group, a globally regulated and a globally recognized financial leader with over 20 years track record in the brokerage and fintech space, today announced that it has successfully raised $10 million in Series A funding round for its cryptocurrency exchange, DTTcoins . With its mission to advance the global crypto landscape and its vision of creating blockchain solutions to empower the crypto community, the investment funding will be put towards DTTcoins’ global expansion plans as well as towards research and development to further enhance client solutions and develop new…

StarkWare Reaches $8B Valuation Following Latest $100M Funding Round

StarkWare technology addresses the scalability issues of the Ethereum blockchain, which cause slow throughput and raise gas, or transaction, fees. The company has two platforms. The StarkEx scaling engine, which the company said handles more transactions per month than the Bitcoin network, powers the likes of non-fungible token (NFT) platform Immutable X and decentralized exchange dYdX. The second platform, StarkNet, launched in February and puts blockchain scaling technologies in the hands of developers building decentralized applications. Source

Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z – Finance Bitcoin News

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The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says the project’s efforts provide a “brilliant financial mechanism that creates a counterbalancing incentive to reforest, revitalize and protect nature.” Adam Neumann Backed Crypto Project Flowcarbon Raises $70 Million A project backed by Adam Neumann, the co-founder and former Wework executive raised $70 million from strategic…

Venture funding for African crypto startups grew 11x in 2022: Report

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As the African region continues to adopt crypto and blockchain, more venture funding flowed into the continent in 2022’s first quarter compared to the first quarter of 2021, according to a new report by blockchain-investment firm Crypto Valley Venture Capital (CV VC) and Standard Bank.  The report, titled “The African Blockchain Report 2021,” shows that blockchain startups were able to raise $91 million within 2022’s first quarter. Compared to the first quarter of 2021, this year showed a 1,668% year-on-year (YoY) increase in cash inflow compared to 2021’s YoY of…