Tag: funding

PayPal Leads $4.2M Funding Round for Crypto Risk Management Platform

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Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an investment round led by PayPal, with participation from other top investors including Initialized Capital, Blockchain Capital and Y Combinator. Building solutions to prevent crypto fraud and financial crime TRM, which was founded in 2018, aims to support financial institutions across the United States, Latin America, Asia and Europe by measuring, monitoring and mitigating their crypto risk exposure,…

Bison Trails Raises $25M in Funding Round Led by Blockchain Capital

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New York-based blockchain startup Bison Trails has raised $25.5 million in a new funding round led by major venture capital firm Blockchain Capital. One of the 21 founding members of the Libra Association, Bison Trails is providing blockchain infrastructure solutions for more than 20 blockchain protocols to date, the firm said in an announcement on Nov. 19. The new Series A financing round featured a number of major industry investors including venture capital firm Kleiner Perkins, American crypto exchange and wallet service Coinbase, Ethereum blockchain firm ConsenSys and crypto merchant…

Andreessen Horowitz Leads $25M Funding Round for Crypto Lending Startup

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Venture capital firm Andreessen Horowitz has led a $25 million funding round for crypto lending startup Compound. On Nov. 14, Fortune reported that Compound, a decentralized finance (DeFi) lending protocol, secured $25 million in an investment round led by Andreessen Horowitz’s a16z, with participation from other top investors including Paradigm, Bain Capital Ventures and Polychain Capital. To integrate with crypto exchanges, custodians, wallets Compound CEO and co-founder Robert Leshner said in an interview with Fortune that the company now has over $150 million in assets on its platform and that…

Singapore’s FinTech Startup M-DAQ Receives Massive Funding from Samsung

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M-DAQ will be working with Samsung to bring its cross-border payments and currency trading solutions across South Kore and East Asia. M-DAQ, a Singapore-based FinTech startup has added a new feather to its cap by receiving backing from Samsung Venture Investment Corporation. The Korean tech giant’s investment wing has recently joined other investors in M-DAQ’s pre-series D round. As per the Bloomberg report, the FinTech startup’s valuation has doubled to S$500 million, post the Samsung backing. Its previous valuations stood at S$250 million in November 2015. However, the exact amount…

Arweave Secures $5 Million in Funding Round Led By Andreessen Horowitz

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Venture capital firm Andreessen Horowitz has led a $5 million funding round for Arweave, a blockchain-startup focused on permanent online data storage. On Nov. 5, the Arweave project reported that it had attracted world-leading funds in a $5 million investment round led by Andreessen Horowitz’s a16z Crypto, with the participation of other top investors such as Union Square Ventures and Multicoin Capital. Arweave hopes to be the Library of Alexandria The startup was founded in mid-2017 by Sam Williams on the promise to permanently host data, web apps and pages…

Overstock’s VC Arm Joins $31M Funding Round For Silicon Valley Fintech

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Overstock’s venture capital arm Medici Ventures has invested in PeerNova, a startup that develops blockchain-based solutions for financial institutions to synchronize their data across multiple systems. In an Oct. 22 news release, PeerNova reported that it had raised $31 million in growth funding led by existing investor Mosaik Partners, with participation from Medici Ventures and Intuitive Venture Partners. This funding round brings the total raised funds to $74 million. PeerNova, a California-based software company in the financial industry, is planning to use this financing to increase its market penetration and further…

A New Trend in Crypto Funding Campaigns: Companies Resorting to IEOs

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The second quarter of 2019 demonstrated a growing popularity of the initial exchange offering (IEO), which has replaced the outdated initial coin offering (ICO) model. The new trend — the key role of which is played by a cryptocurrency exchange auditing projects and organizing token sales — has established itself positively among startups.  Crypto market stats show that over 65 IEOs have been launched in the past six months, with about 40 of them having reached their soft cap or even hard cap successfully. About 15 IEOs will be launched in…

French State-Owned Bank Joins $8M Lightning Network Startup Funding

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One of the developers of Bitcoin’s (BTC) Lightning Network has secured $8 million in funding from partners, including a bank partially owned by the French state. State-owned Bpifrance funds Lightning development In a press release published on Oct. 9, Bitcoin technology company ACINQ confirmed the news. This brings its total investment to $10 million. The funding came from the lead contributor Idinvest Partners, which focuses on small and medium-sized European businesses. Also involved was Bpifrance, an investment bank created by two French public entities. As such, the government has come…

Pioneer of Blockchain Certification For The Visual Arts Verisart, Raises $2.5 million in Series Seed Funding

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…