This summary is generated by an algorithm. If you find any mistakes, let us know.

Abra Announces $55 Million in Series C Funding
Abra Announces $55 Million in Series C Funding
UN

Unicorn Nest news

Abra Announces $55 Million in Series C Funding

– Abra has raised $55m in Series C funding. The round was led by IGNIA and Blockchain Capital, with new investors including Kingsway Capital, Tiga Investments and the Stellar Development Foundation.
– The round brings Abra’s total funding to date to over $85m since inception.
– This new round will enable the company to further expand its world-class product team into new offerings for wealth management, trading, and payments; scale its marketing team; and develop the company’s fast-growing high net worth and institutional sales offerings.
– Abra has experienced tremendous growth over the past year. The company’s revenues have increased more than ten-fold, while custody services, Abra Trade and Abra Earn, went from zero to $1bn in AUM, with zero defaults.

Source
Genesis Digital Assets Raises $125M in Funding
Genesis Digital Assets Raises $125M in Funding
UN

Unicorn Nest news

Genesis Digital Assets Raises $125M in Funding

– Genesis Digital Assets is a NYC-based industrial-scale bitcoin mining operator.
– The company raised $125m in equity funding.
– The round was led by Kingsway Capital, a UK-based private equity fund focused on frontier emerging markets with over $2 billion in assets under management (AUM).
– The company intends to use the funds to purchase equipment and build new data centers in the United States and nordic region.

Source
Valoreo raises $30M more to acquire e-commerce brands across LatAm
Valoreo raises $30M more to acquire e-commerce brands across LatAm
UN

Unicorn Nest news

Valoreo raises $30M more to acquire e-commerce brands across LatAm

– Valoreo, a Latin American e-commerce company, raised $30m in Series A funding.
– The round was led by Presight Capital and Kingsway Capital and joined by existing investors Kaszek, Upper90 and FJ Labs.
– The company declined to break down how much equity it raised in its seed round, but including debt, Valoreo has secured $80m since inception.
– It plans to use the new capital mostly to continue acquiring e-commerce brands across Mexico, Brazil and Colombia as well as to do more hiring.

Source
Digital Asset Savings and Loan Platform Ledn Raises US$30M Series A
Digital Asset Savings and Loan Platform Ledn Raises US$30M Series A
UN

Unicorn Nest news

Digital Asset Savings and Loan Platform Ledn Raises US$30M Series A

– Ledn Inc., a global digital asset platform offering innovative saving and lending products for Bitcoin and other digital assets, is pleased to announce the completion of a $30m Series A financing round led by Kingsway Capital, with participation from new investors including Alan Howard, Hashed, Susquehanna Private Equity Investments LLLP, ParaFi Capital, Alexis Ohanian, and John Pfeffer.
– All investors from Ledn’s prior round including White Star Capital’s Digital Asset Fund, Coinbase Ventures, Global Founders Capital and CMT Digital also participated to fuel Ledn’s growth.
– Ledn has grown its assets on its platform by over 320% since its last round, just six months ago.

Source
Animoca Brands Completes US$88,888,888 Capital Raise
Animoca Brands Completes US$88,888,888 Capital Raise
UN

Unicorn Nest news

Animoca Brands Completes US$88,888,888 Capital Raise

– Animoca Brands, a Hong Kong-based company delivering digital property rights to gamers via NFTs, completed a capital raise of US$88,888,888 (approximately A$113,500,000) at a price per share of A$1.10 based on a valuation of US$1b.
– Backers included Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse, and other prominent investors.
– The company intends to use the funds to make further acquisitions, develop new products, continue to make strategic investments, and secure additional licenses for intellectual properties.

Source
1 2 3 71 72 73
Crunchbase icon

Content report

The following text will be sent to our editors: