Tag: funding

Telos raises $8M funding before EVM launch to avoid token sales

Blockchain platform Telos raised $8 million in funding led by ConsenSys and Polygon investor John Lilic. The funding was secured right before the launch of Telos’ Ethereum Virtual Machine (EVM) platform, ending the company’s ongoing streak of bootstrapped initiatives. Telos aims to redirect the recently secured capital on the platform’s development and marketing in addition to improving the liquidity of the ecosystem “without needing to resort to TLOS token sales in the event of a prolonged bear market over the next year.” According to Telos chief architect Douglas Horn: “While this…

Andreessen Horowitz Leads $50M Funding Round for Matter Labs

Matter Labs, the firm behind Ethereum Layer 2 scaling protocol zkSync has raised $50 million in a Series B funding round led by Andreessen Horowitz (a16z), the company said Monday. The funding will be used to finance Matter Labs’ business growth, including expanding scientific and engineering teams. Other investors in the round included Placeholder, Dragonfly and 1kx, who also participated in the $6 million Series A funding round that closed in February. Blockchain.com, Crypto.com, Consensys, ByBit, OKEx, Alchemy, Covalent, AAVE, Paraswap, Lido, Futureswap,…

Mythical Games Raises $150 Million in Series C Funding Round Led by A16z – Bitcoin News

Mythical Games, a blockchain-based gaming company, has raised $150 million in its series C funding round. The round was led by A16z, who is aggressively investing in these kinds of crypto initiatives. It also had the participation of other companies like D1 Capital, Redbird Capital, The Raine Group, as well as from well known cryptocurrency exchanges like Binance and FTX. Mythical Games Gets Unicorn Status in Latest Funding Round Mythical Games, a blockchain gaming company, raised $150 million in its latest funding round, which was led by VC…

African Fintech Giant Raises $150 Million in Funding Round Led by FTX, Firm Now Valued at Over $2 Billion – Fintech Bitcoin News

Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led…

FTX and Wildcats’ basketball NFTs, WeMeta’s $1.1M funding, Zed Run’s Netflix tie-in

FTX’s latest sports sponsorship The University of Kentucky has entered into a sponsorship agreement with FTX.US for the men’s Wildcats basketball team to act as brand ambassadors. Players will receive a monthly USD stipend from FTX.US paid in FTX debit cards and will also be able to create their own NFTs on the FTX NFT platform and keep a portion of the revenue. University of Kentucky Men’s Basketball team. (ukathletics.com) A recent decision by the National Collegiate Athletics Association (NCAA) to allow athletes to monetize their likenesses and names made…

Web3 Infrastructure Provider Alchemy Raises $250 Million in Funding Round Led by a16z – Finance Bitcoin News

Alchemy, one of the leading infrastructure providers for blockchain and web3, has raised $250 million in its series C funding round, giving it a valuation of $3.5 billion. The round was led by a16z, which considers we are at a turning point in the web3 space. The company has multiplied its revenue by 15x in the last six months, a testament to the impact it has caused on the ecosystem. Alchemy Reaches $3.5 Billion Valuation Alchemy, a web3 and blockchain infrastructure provider, has reached a milestone by raising…

Cardano stablecoin protocol Ardana raises $10M in latest funding round

Ardana, a stablecoin ecosystem built on the Cardano (ADA) blockchain, received $10 million in seed capital from a group of investors led by Three Arrows Capital and Ascensive Assets. Ryan Matovu, CEO and co-founder of Ardana, issued the following statement regarding the deal: “As the first all-in-one stablecoin ecosystem built on Cardano, our platform provides users with convenient access to liquidity, an ever-present concern in the hyper-competitive DeFi world. We are also able to leverage Cardano’s speed, scalability and security to offer a decentralized financial solution that works for everyone,…