Tag: funding

Verisart Raises $2.5M in Funding Round Led By EOS Venture Capital

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Verisart, a company that certifies art authenticity through blockchain technology, has raised $2.5 million to further expand its commercial art platform. Verify and track provenance of art In an Oct. 3 article by Techcrunch, it was announced that Verisart raised $2.5 million in seed financing led by Galaxy Digital EOS Fund, alongside investment firms Sinai Ventures and Rhodium. The funding will go toward expanding Verisart’s product and engineering team and will make it possible to launch a whole range of services aimed at artists, galleries and collectors. Verisart’s CEO Robert…

Crypto Custodian Secures $8M in Funding Round Led by Initialized Capital

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Montreal-based digital asset custodian Knøx has secured $8.25 million in a seed round to support its crypto custody service for institutional customers and fiduciaries. The funding round was led by San Francisco-based venture capital firm Initialized Capital, with the participation of financial services giant Fidelity and venture firm iNovia, Canadian technology-focused news outlet BetaKit reported on Sept. 24. Knøx intends to allocate the raised money to further develop its offerings. Protection of customers against losses Knøx’s products are geared to asset management firms, liquidity providers and exchanges, specifically addressing the…

Crypto Custodian Secures $6.2M in Funding Round Led by Initialized Capital

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Montreal-based digital asset custodian Knøx has secured $6.2 million (8.25 million CAD) in a seed round to support its crypto custody service for institutional customers and fiduciaries. The funding round was led by San Francisco-based venture capital firm Initialized Capital, with the participation of financial services giant Fidelity and venture firm iNovia, Canadian technology-focused news outlet BetaKit reported on Sept. 24.  Protection of customers against losses Knøx’s products are geared to asset management firms, liquidity providers and exchanges, specifically addressing the issue of customers’ protection against losses. Garry Tan, a…

Fidelity Affiliate Joins $3.5 Million Blockchain Firm Funding Round

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Blockchain analytics firm Elementus has raised $3.5 million from backers including a sister company of crypto-friendly asset manager Fidelity Investments. Morgan Creek Digital leads fresh cash injection As Fortune reported on Sept. 23, Elementus, which launched its offering in 2017, also gained capital from Stage 1 Ventures and Robot Ventures. Morgan Creek Digital, the crypto-focused asset manager co-founded by well-known commentator Anthony Pompliano, led the round.  The tie to Fidelity came in the form of Avon Ventures, a subsidiary of the private equity arm of Fidelity’s parent company, FMR.   Blockchain-not-Bitcoin…

Stripe Worth $35 Billion After Raising $250 Million in New Funding Round

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Online payments processor Stripe has raised another $250 million in a new funding round, which pushes its pre-money valuation to a whopping $35 billion. Total funding in the billions On Sept. 19, Stripe announced the additional funding was sourced from investors including venture capital firms General Catalyst, Sequoia and Andreessen Horowitz. Coming from a $9.2 billion valuation in 2016, San Francisco-based Stripe was valued at $22.5 billion after raising $245 million in the beginning of 2019. Overall, the U.S. fintech startup has raised roughly $1.2 billion since its inception. The company, also…

European Commission Releases New Support Paper on Blockchain – Further Funding for Startups Encouraged

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The Joint Research Centre at the European Commission has just published a new Blockchain tome (128 pages) called ‘Blockchain Now And Tomorrow – Assessing Multidimensional Impacts Of Distributed Ledger Technologies’  in order to help Brussels politicians with the European policymaking process when it comes down to Blockchain. The EC has taken a holistic approach and is aiming to position Europe at the forefront of blockchain innovation and uptake.  advertisement Overall the report avoids the FUD normally associated with blockchain technology vis-à-vis cryptocurrency and remains positive – pushing for more funding…

Crypto Analytics Firm Elliptic Raised $23M in SBI-Led Funding Round

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Elliptic has completed its Series B funding round and raised $23 million. The round was led by the Japanese financial services company group SBI Holdings. The money raised will be used to expand into the Asian market. Recently, cryptocurrency compliance company Elliptic has completed its Series B funding round, where it raised $23 million. The round was led by the Japanese financial services company group SBI Holdings. Among other participants were venture firm AlbionVC and such investors as SignalFire, Octopus Ventures, and Santander Innoventures. Elliptic is a London-based blockchain company…

Blockchain.com Wallet Seeking New $50M Funding Round: Report

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Cryptocurrency wallet and statistics resource Blockchain (formerly Blockchain.info) is reportedly raising $50 million in a new funding round. According to Yahoo! Finance citing two anonymous sources on Sept. 4, Blockchain is already negotiating the cash, which it will use to invest in equity and purchase unnamed cryptocurrency tokens.  Blockchain eyes fresh expansion The sources added that Sam Harrison, who joined the company in 2018 to co-found its Blockchain Ventures spin-off, is in charge of proceedings.  Blockchain has yet to confirm the reports, which come on the back of previous round…

Elliptic Raises $23 Million in Funding Round Led by SBI Holdings

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Cryptocurrency compliance company Elliptic has raised $23 million in a Series B funding round led by Japanese financial powerhouse SBI Holdings. Elliptic continues to expand in Asia According to a press release shared with Cointelegraph on Sept. 3, the funding will be used to support continued expansion into Asia, with new offices opening in Japan and Singapore.  The new investment will purportedly accelerate product development to support asset-backed cryptocurrencies such as Facebook’s Libra, Line Corporation’s LINK and central bank digital currencies. Founded in 2013, the company was established to support…

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements

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Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week. Recent funding and goal Asia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency. Polychain Capital and Digital Currency Group joined CoinFlex’s investment consortium back in March. CoinFlex is now reportedly looking to increase business from Asian retail investors. A safe…