Tag: funding

Institutional Bitcoin Broker NYDIG Valued at $7B in Whopping $1B Funding Round

boss

NYDIG said in a press release Tuesday that it is bringing on $1 billion in growth capital to lead bitcoin further into Wall Street. The round was led by WestCap and joined by Bessemer Venture Partners, FinTech Collective and existing investors Affirm, FIS, Fiserv, MassMutual, Morgan Stanley and New York Life, the press release said. Investors valued NYDIG at over $7 billion, the company said. Said Robert Gutmann, co-founder and CEO of NYDIG: “Our roster of partnerships and strategic investors lays the foundation for NYDIG to become the leading provider…

Microsoft Leads $27M Funding Round for Palm NFT Studio

Microsoft’s venture arm is leading a $27 million bet on NFT studio Palm. The raise will be used primarily to scale the company’s operations with a slew of new hires, a representative of the studio told CoinDesk. Palm works with companies and brands to help them create NFT projects, using Ethereum on the backend. It’s exactly the type of blockchain service that Microsoft and its M12 Venture Fund sees potential in – on an enterprise level. “We’re focused on early stage B2B,” M12 managing director Matt Goldstein told CoinDesk in…

Slingshot Raises $15M in Funding Round Led by Ribbit Capital

With its latest bump in funding, Slingshot aims to reach the crypto-curious who may have done some trading on a centralized exchange, Bembry said. An investor like Ribbit Capital has made a name for itself by investing in consumer fintechs such as Robinhood Markets, Coinbase and Revolut, he added, and understands how to build a mainstream brand in finance. Source

French fintech startup Lydia raises $100 million in Series C funding round

French crypto-friendly fintech startup Lydia has raised $100 million in a Series C funding round, per a report in TechCrunch.  The latest capital raise reportedly helped Lydia attain unicorn status with a valuation of over $1 billion.  The $100-million fundraise comes nearly a year after its Series B funding round of $86 million in December 2020. The round was led by investors Tencent and Accel and saw participation from Dragoneer and Echo Street. The fintech startup aims to use the fresh capital to expand its footprint in Europe. The firm…

French Fintech Lydia Attains Unicorn Status With $100M Series C Funding: Report

French fintech Lydia has raised $100 million in Series C funding, attaining unicorn status with a valuation of over $1 billion. The funding round includes new investors Dragoneers and Echo Street along with existing backers Tencent, Accel and Founders Future, TechCrunch reported Wednesday. Lydia recently allowed its 5.5 million users to invest in digital assets including crypto and fractional stocks in partnership with Austrian exchange Bitpanda. The firm raised $131 million in two funding rounds last year and offers a range of services including current accounts, express loans, mobile payments…

Bitcoin Funding Rates Turn Negative In Sentiment Reset

boss

Data shows following the crash, Bitcoin funding rates flipped to negative for the first time since September as market sentiment resets. Bitcoin Funding Rates Turn Negative For The First Time Since Late September As per the latest weekly report from Glassnode, market sentiment reset after the latest crash in BTC’s price as funding rates turned negative. The “perpetual funding rate” is an indicator that measures the periodic fee that Bitcoin futures traders have to pay each other to keep their positions. This metric helps us know about which direction leveraged…

FTX to Seek $1.5B in New Funding Round at $32B Valuation: Report

FTX CEO Sam Bankman-Fried is looking to raise a total of $1.5 billion for the global cryptocurrency derivatives exchange and U.S. affiliate, FTX.US, The Information reported Friday, citing two unnamed sources “with knowledge of the matter.” The funding round would potentially value FTX at $32 billion and FTX.US at $8 billion, the article said, citing one of the sources. FTX did not immediately respond to a CoinDesk request for comment. The latest discussions follow less than six weeks after FTX closed a $420,690,000 Series B-1 funding round. Sixty-nine investors, including…

Maven 11 Capital raise $120M in secondary funding round

Digital asset investment firm Maven 11 Capital has announced a $120 million funding round for its private investment establishment, Venture Fund II, in a move that will further expand its financial footprint across emerging sectors of decentralized finance (DeFi) and Web 3.0. The funding round builds off a successful inaugural raise of $40 million in June of this year.  Established in May 2017, Maven 11 Capital has invested in 27 companies exclusively within the DeFi and Web 3.0 space. The firm was the lead investor in private seed rounds for data…

Dex Aggregator 1inch Network Raises $175 Million in Series B Funding Round – Defi Bitcoin News

1inch Network, the decentralized exchange (dex) aggregation project, has announced the company has raised $175 million in a Series B financing round. According to the announcement, the fresh new capital will be leveraged to scale the team, foster additional 1inch token utilities, and build new protocols. 1inch Raises $175 Million From Strategic Investors Over the last year, decentralized finance (defi) has propelled itself into the spotlight as a great number of dex platforms now provide users with the ability to trade and provide liquidity in a decentralized fashion. 1inch Network…

DEX Aggregator 1inch Raises $175M in Funding Round Led by Amber Group

The exchange aggregator and liquidity protocol announced the raise on Wednesday, saying that investors valued the project at $2.25 billion. The Series B round was led by Amber Group, with over 50 additional investors participating, including Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund, according to a press release. Source