Tag: funding

2TM, Mercado Bitcoin’s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round – Bitcoin News

2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bitcoin, one of the leading crypto exchanges on the continent, has closed its Series B funding round again, raising an additional $50 million. The funding round was led by U.S.-based 10T and Tribe Capital, with the participation of other new investors. 2TM Gets $50 Million More, Prepares for Expansion 2TM, one of the biggest fintech conglomerates in Latin America, has raised $50 million in an expansion of its Series B funding round. The second closing of…

3D metaverse marketplace MetaMundo aims for 2022 launch with new funding

MetaMundo, a virtual nonfungible token (NFT) marketplace focused on metaverses, has announced the completion of a seed funding round of $2.7 million. Led by Animoca Brands, MetaMundo’s debut funding further included Hypersphere Ventures, Digital Currency Group, OP Crypto, Metaartel Ventures and angel investments from the co-founders of Aave and Rarible, among others. Built upon layer-two network Polygon, the platform lets designers and creators mint, sell and license their NFT assets for usage in virtual and augmented reality, as well as across an array of metaverse worlds including Decentraland, Cryptovoxels and…

Avalanche ecosystem accelerator raises $18.5M in seed funding

Avalanche ecosystem accelerator Colony has raised $18.5 million in seed investments to bootstrap the next generation of Avalanche blockchain projects, underscoring heightened demand for the proof-of-stake ecosystem.  The investment round was led by the Avalanche Foundation, an organization overseeing ecosystem development grants, with additional participation from Shima Capital, HashKey, GBV Capital and Bixin Ventures. Members of the Avalanche community also participated in the seed round. Colony will use the funds to finance early-stage projects building on the Avalanche network and to provide liquidity for decentralized finance, or DeFi, protocols. Colony’s…

Why Texas may be the next bitcoin, crypto mining capital

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC’s Kate Rooney reports from Rockdale, Texas about why bitcoin miners are headed there to mine crypto despite the state’s weak energy grid. Subscribe to CNBC PRO for access to investor and analyst insights on crypto and more: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with…

Nigerian Crypto Exchange Raises Over $4 Million in Latest Funding Round – Emerging Markets Bitcoin News

A Nigerian crypto exchange, Busha, recently raised over $4 million in a funding round led by Jump Capital. Busha, a Nigerian cryptocurrency exchange, is reported to have raised a $4.2 million seed funding round recently. These funds, according to the exchange, will be used to expand its operations across Africa. Financial Freedom According to a report by Disrupt Africa, Jump Capital led the funding round that also featured Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors. In his comments following the announcement, Busha co-founder and…

Celsius expands funding round to $750M, tips $7B to $10B valuation in 2022

Crypto lending firm Celsius Network has expanded its $400 million Series B round from October to $750 million as a result of oversubscription in the firm’s capital raise. The company is now valued at $3.5 billion following the raise and CEO Alex Mashinsky told Cointelegraph he expects that figure to “double or triple” next year which would see it valued between $7B and $10.5B The firm previously closed the round on Oct. 12 amid a period of intense scrutiny placed on crypto lending firms from local regulators. Celsius CEO Alex…

Play-to-Earn Gaming Guild Raises $18 Million in Funding Round Led by Animoca Brands – Bitcoin News

A play-to-earn (P2E) blockchain gaming guild has raised $18 million in a Series A financing round according to an announcement on Wednesday. Avocado Guild detailed that the firm raised the funds from investors such as Animoca Brands, Goldentree Asset Management, Three Arrows Capital, and Solana Ventures. P2E Organization Avocado Guild Raises $18 Million From Strategic Investors According to an announcement from Avocado Guild on Wednesday, the organization raised $18 million from strategic investors. The capital raise stemmed from the firm’s Series A funding round which gave Avocado Guild an overall…

Valued at $9B, Pokemon Go creator to build metaverse with fresh funding

Niantic, the popular augmented reality (AR) mobile game Pokemon Go developer, is planning to build a “real-world” metaverse with newly raised funding. The company officially announced Monday the completion of a $300 million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion. Coatue is known as a major investor in the cryptocurrency and blockchain industry, backing companies like blockchain intelligence firm Chainalysis, cryptocurrency startup Fireblocks, blockchain security firm CertiK and others. The firm has also recently participated in a $555 million funding round for cryptocurrency…

Moonpay Raises $555 Million in First Funding Round – Bitcoin News

Moonpay, a cryptocurrency payments service provider, has raised $555 million during its first funding round. Led by Tiger Global Management, this series A funding round propelled the valuation of the company to $3.4 billion, which will be used for expansion endeavors. The fiat-to-crypto ramp that Moonpay provides is key to several hundred wallets and services for onboarding users with fiat currency. Moonpay Snags $3.4 Billion Valuation Moonpay, a startup that specializes in processing payments to purchase cryptocurrencies, has raised $555 million in its first financing round. The series…

NFT Music Platform Royal Closes $55M Funding Round Led by a16z

Royal, the music tokenization platform launched by DJ and entrepreneur Justin “3LAU” Blau, closed a $55 million Series A funding round on Monday, CoinDesk confirmed. A16z led the round, which also included participation by Coinbase Ventures and the performers, The Chainsmokers and Nas. “In addition to their audacious vision, what makes this founding team so unique is 3LAU’s firsthand experience as a musician paired with JD’s exceptional track record as a repeat founder and startup operator,” a16z general partner Katie Haun wrote in a blog post. The funding comes less…