Tag: funding

Robinhood Raises $323 Million in Funding Round Led by DST Global

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Cryptocurrency-inclusive trading platform Robinhood has raised $323 million in a recent funding round. Robinhood shared the figure in an official announcement on July 22. As per the report, the investment firm DST Global led the Series E financing round that also included Ribbit Capital, NEA, Sequoia, and Thrive Capital as other contributing members.  Additionally, the announcement specifies that this funding round puts Robinhood at a $7.6 billion post-money valuation. Today’s announcement follows previous reports that Robinhood was planning to raise upwards of $200 million to set the firm’s post-funding valuation…

Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital

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Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15. Singapore-based market maker Altonomy is planning to allocate the raised funds to source liquidity for institutional customers like spot and derivatives exchanges. Altonomy provides liquidity for Bitcoin (BTC) futures projects from CME Group and works with stablecoins USDC, Tether (USDT), TrueUSD (TUSD) and Paxos Standards (PAX). The company will ostensibly connect over 60 cryptocurrency exchanges and over-the-counter desks around the world following…

Blockchain Venture Capital Funding Reaches $822 Million in 2019

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Leading blockchain and Web 3.0 venture capital firm Outlier Ventures today published its State of Blockchains Q2 report providing an overview of blockchain investment and market trends in 2019. According to the report, blockchain start-ups raised $822 Million from 279 separate VC deals during the first half of this year (1).  159 of the total 279 deals related to blockchains, were seed stage ones.  This indicates that entrepreneurial zeal in the ecosystem has not declined in spite of the bear market Enterprises are no longer building proofs of concepts for the industry. They are increasingly embracing the ethos…

Brave Teases Bitcoin Cash & New Crypto Funding for Browser Wallet

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Brave, the only notable browser with an associated Ethereum token, will soon support Bitcoin Cash and more. Co-founder and CEO Brendan Eich promised as much via Twitter. BCH and other funding choices coming in @Brave 0.68 (following up on https://t.co/XSSkZh1o2B). pic.twitter.com/KtZ6VwdVA2 — BrendanEich (@BrendanEich) June 22, 2019 Brave Expands Funding Options The funding option is apparently in demand, as Bitcoin Cash proponents want to see their choice everywhere Bitcoin is. Eich says it will be available in the upcoming 0.68 release. Eich had noted that BCH is coming in response…

Kraken’s Closes $13M Funding Round Boosting Company Valuation to $4B

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Kraken, which is a regulated spot and futures crypto exchange, recently closed it’s funding round on an investment platform Bnk To The Future with a little more than $13,5 million raised. This turned out to be the most successful funding round on Bnk To The Future with more than 2,200 participants joining. Simon Dixon, the co-founder of Bnk To The Future told that Kraken sought the capital as a way to push its valuation past the $4 billion mark and fund new acquisitions. For this funding round, Bnk To The…

Kraken’s Closes $13M Funding Round Boosting Company Valuation to $4B

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Kraken completed its crowdfunding round with $13,5 million raised. That way, Kraken pushed the company valuation towards $4 billion. Kraken, which is a regulated spot and futures crypto exchange, recently closed it’s funding round on an investment platform Bnk To The Future with a little more than $13,5 million raised. This turned out to be the most successful funding round on Bnk To The Future with more than 2,200 participants joining. Simon Dixon, the co-founder of Bnk To The Future told that Kraken sought the capital as a way to…

Insurtech Platform to Apply Blockchain to Auto Claims With New Funding

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Insurance tech firm BlockClaim has recently received £500,000 ($627,000) in funding for its blockchain-based claims solution, according to an official blog post on June 17. The firm raised the funds from venture capital firm Amadeus Capital Partners and software firm Pragmatica, in addition to other angel investors. According to the announcement, BlockClaim uses blockchain technology to automate its claims process. Furthermore, the company says the product reduces claim costs by 20% and results in faster settlements. As per its website, BlockClaim uses a private blockchain to streamline the claims process:…

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

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United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat fraud in the auto financing sector. According to the press release, the new products are Spring Verify, Spring Defense, and Spring Protect, which are designed for identity verification, fraud monitoring/mitigation, and loan stacking prevention, respectively. The products will purportedly provide…

Digital Asset Security Startup Fireblocks Leaves Stealth Mode With $16 Million in Funding

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Digital asset cybersecurity startup Fireblocks announced its launch out of stealth mode with $16 million in funding, according to a press release shared with Cointelegraph on June 11. Per the release, Fireblocks obtained the capital during its Series A funding round from Cyberstarts, Tenaya Capital, EightRoads (Fidelity INTL), Swisscom Ventures and MState. The startup reportedly counts crypto merchant bank Galaxy Digital, over-the-counter digital trading platform Genesis Global Trading and others among its customers, with the company declaring: “Currently, Fireblocks is integrated with 15 digital asset exchanges and offers support for…

Fidelity Investments Companies Funding Crypto-Security Firm Fireblocks

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Photo: Fireblocks / LinkedIn A platform for securing digital assets in transit, Fireblocks, announced $16 million in Series A funding from investment bulls like Cyberstarts, Tenaya Capital, and Eight Roads, all the proprietary investment arm of Fidelity International. The additional capital will be used by the company to build out its infrastructure, and court additional firms. The truth is, Fireblocks has been serving prominent companies for the secure transmission of their digital assets over the hot and cold wallets, across the exchanges and counter brokerage. Galaxy Digital and Genesis Global…