The capital will be used to help build out the team and onboard new brands, Yoloyolo co-founder and CEO Jason Hu told CoinDesk during an interview. Other participants in the funding round included Avalanche Ventures, UOB Ventures, Signum Capital, Genblock, Yolo Investments and angel investors who included SoftBank Vision Fund’s Neil Cunha-Gomes and former Binance partner Nicole Zhang. Source
ParaFi was founded in 2018 by KKR alum Ben Forman and has around $1 billion in assets under management. Its investments include trading platform Gemini, decentralized autonomous organization (DAO) marketplace Talis and Ethereum infrastructure company ConsenSys. Source
ParaFi Capital, an investment firm focused on blockchain and decentralized finance, has raised nearly $30 million in a new fund, according to a regulatory filing. The ParaFi Private Opportunities – Series I fund opened on Nov. 19 and raised the money from 75 investors. The fund doesn’t have a set financial goal, and ParaFi checked “indefinite” for how long it will continue to accept investments. ParaFi also filed for a new growth fund that has yet to begin accepting investments. The company cited as “indefinite” both the total offering amount…
Investment giant KKR & Co has made its first blockchain-related investment with a stake in the flagship fund of ParaFi Capital, ParaFi confirmed to CoinDesk on Thursday. Bloomberg first reported on the investment this week. KKR’s investment in the ParaFi fund, which focuses on decentralized finance markets, was made directly from its balance sheet, according to one of Bloomberg’s sources. The amount invested by KKR, which manages $429 billion in assets, was unknown. ParaFi declined to comment further, while KKR was contacted for comment but had not responded as of…