Tag: funding

Wombat Exchange Raises $5.25 Million in Series A Funding Led by Animoca Brands and Hailstone Ventures

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March 28, 2022 – Hong Kong, Hong Kong Wombat Exchange, a hyper-efficient multichain stableswap backed by Binance, has successfully closed a $5.25 million Series A funding round led by Animoca Brands and Hailstone Ventures. Additional investors in the round included BNB Chain, TPS Capital, GSR, Zokyo, Lunar Station, Eureka Trading, Silverstone, Unanimous Capital and CryptoWesearch. With this latest round of funding, Wombat’s valuation has increased to $70 million since its seed round investment led by Binance Labs in November 2021. Capital from this round will accelerate Wombat’s product development and…

Yuga Labs fetches $450M in funding, Charles Hoskinson’s prediction falls short and spot BTC ETFs incoming?: Hodler’s Digest, Mar.20-26

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week NFT creator Yuga Labs raises $450M, bringing company valuation to $4B The creators of the wildly popular Bored Ape Yacht Club NFTs, Yuga Labs, raised $450 million in seed funding at a $4 billion valuation. Unsurprisingly, top venture capital firm and cash cow Andreessen Horowitz…

BAYC’s ApeCoin up 50% this week as its creator raises $450M in new funding

ApeCoin (APE) continued its rebound move Thursday as the firm behind it raised hundreds of millions of dollars in a funding round led by Andreessen Horowitz. APE’s price surged 7.5% intraday to reach around $14.50 per piece. Notably, the token’s upside move came as a part of a retracement rally that started at the beginning of this week when it was changing hands for as low as $9.50. That pushed APE’s week-to-date profits up by 50%, making it one of the best-performing digital assets since March 21. APE/USD daily price…

Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z – Bitcoin News

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Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status. Optimism Gets Backing to Keep Growing Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a…

Japanese Fintech Firm Kyash Raises $41 Million, Jack Dorsey’s Block Participates in Funding – Fintech Bitcoin News

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A Tokyo-based financial technology company called Kyash has raised $41.2 million in a Series D funding round which saw participation from the Block (formerly known as Square). The investment into the Japanese mobile financial app firm is the Block’s first investment in the Asia Pacific region, according to the announcement. Fintech Firm Kyash Gets a Capital Raise Boost From the Block According to a report by Nikkei, the financial technology (fintech) company Kyash has raised $41.2 million in a Series D financing round. Kyash was founded in 2015 and is…

Jack Dorsey’s Block joins $41M funding for Japanese fintech Kyash

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Kyash, a Tokyo-based digital wallet, announced a $41.2 million, or 4.9 billion yen, raise in a Series D round. Since launching in 2015, the cashless mobile app and corresponding credit card have grown its total funding to an estimated $108 million, or 12.8 billion yen.  Both global investors and Japanese banks joined the round, including Japan Post Investment Corporation, Jack Dorsey’s Block, which was formerly known as Square, as well as Altos Ventures Goodwater Capital and StepStone Group in the United States. Additional investment came from Greyhound Capital in the…

ConsenSys raises $450M in Series D funding, doubles valuation in four months

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On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced the close of a $450-million Series D funding round led by ParaFi Capital. Notable new investors included Temasek, SoftBank Vision Fund 2, Microsoft, Anthos Capital, Sound Ventures and C Ventures. The deal more than doubles its valuation since the firm’s $200-million Series C raise in November 2021.  Proceeds from the round will, in part, be converted to Ether (ETH) to rebalance the ratio of ETH to United States dollar equivalents…

Israeli Blockchain Startup StarkWare Pulls $100M in Funding at $6B Valuation

StarkWare, an Israeli blockchain startup, is on track to close a $100 million funding round, according to details gathered by local media channel, Calcalistech, the capital raise has not been announced yet, and it is expected to push the startup’s valuation to about $6 billion.  With details of the new round still largely obscure, the recent capital raise will trail the firm’s Series C round in which it pulled $50 million from investors led by Sequoia Capital. The partnership also enjoined Founders Fund, Paradigm, Three Arrows, and Alameda Research participation.…