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Blockchain Cryptocurrency Eastern Asia FinTech

Crypto asset management platform Cobo bags $40M Series B

– Cobo, a Singapore-based crypto asset management platform, raised $40m in Series B funding.
– The round was co-led by DST Global, A&T Capital and IMO Ventures.
– The company will use its proceeds for the development of DeFi as a service (DFaaS) infrastructure and its existing custody services such as wallet as a service (WaaS), trading and staking as a service (StaaS).
– The funding will also be used to apply for regulatory licenses to ensure strict compliance to the relevant anti-money laundering (AML) and counter the financing of terrorism (CFT) requirements.
– Amid the growing interest for cryptocurrencies among Asian investors, institutional investors and retail investors are seeking diversification options to hedge against inflation and other risks, the company said in its statement.

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Bitcoin Blockchain Cloud Infrastructure Cryptocurrency Ethereum North America

Blockdaemon Raises $155 Million In Series B Funding Making it the World’s Largest Blockchain Node Infrastructure Company

– Blockdaemon closed a Series B funding round of USD $155m with a valuation of $1.255b, making it the world’s largest blockchain infrastructure company for node management and staking.
– The round was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.
– This follows the company’s Series A Round in June 2021 of $28m, as well as previous strategic investments, bringing the total to just under $190m.
– Over the last 90 days, Blockdaemon has significantly accelerated its growth and increased its managed node count from 8,000 to 18,000, more than doubling its operational footprint.

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Bitcoin Blockchain Cryptocurrency Ethereum Financial Exchanges Financial Services FinTech North America

Portal Raises $8.5M From Coinbase Ventures and Other Investors to Bring Bitcoin-based DeFi to the Masses

– Portal is a self-hosted Layer 2 wallet and true cross-chain DEX on Bitcoin that makes atomic swaps between Bitcoin and other digital assets fast, secure, and private.
– Company announced the closing of an $8.5 million funding round to build a self-sovereign and uncensorable DeFi on Bitcoin.
– Portal offers the speed and liquidity of centralized platforms with the trust minimization guarantees of Bitcoin. From spot markets to options, p2p lending and borrowing, all using on-chain, peer to peer contracts and without third party custody or control, Portal unlocks Bitcoin’s potential to actually decentralize finance.
– Portal is built on top of its Layer 2 and Layer 3 technology, called Fabric, which is an open-source toolbox for deploying censorship-resistant layers on top of the Bitcoin base layer. Fabric enables the completely private, off-chain execution of “smart contracts” for asset issuance, P2P swaps, staking, liquidity, derivatives, and more.

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Cryptocurrency Financial Services FinTech North America

Floating Point Group Raises $10M in Series A Funding

– Floating Point Group, a Hoboken, N.J.-based, MIT-born provider of a platform that simplifies the backend operations for investors to deploy cryptocurrency-centric strategies at scale, raised $10m in Series A funding.
– Backers included Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, and Pythagorus Investments.
– The company intends to use the funds to grow its existing U.S. based software engineering staff and expand to new markets.

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Bitcoin Cryptocurrency Financial Services North America

Domination Finance Raises $3.2 Million in Seed Round to Scale Dominance Derivatives DEX

– Domination Finance, a non-custodial, decentralized exchange for dominance pairs, announced the successful completion of a $3.2m seed round involving top investors in the blockchain and cryptocurrency space.
– The venture’s now operational platform allows users to trade Bitcoin Dominance (BTCDOM), Ethereum Dominance (ETHDOM), and Tether Dominance (USDTDOM) in a way that was not previously available, aiming to provide global users with sufficient liquidity, low latency, and high price accuracy.
– Led by ParaFi Capital, an alternative investment firm focused on blockchain and decentralized finance markets, the funding round included such investors as Dragonfly Capital, AU21, Shima Capital, LD Capital, Huobi Ventures, OKEx BlockdreamVentures, KNS Group, GSR, CoinGecko and an impressive list of angel investors.

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Blockchain Cryptocurrency Developer APIs Developer Platform FinTech North America Software

Amberdata Raises $15M Series A Led by Citi

– Amberdata announced it has raised $15 Million Series A led by Citi.
Franklin Templeton, Galaxy Digital, Rovida Kruptos Assets, and executives at GoldenTree Asset Management also participated in the capital raise.
– Amberdata will use the funds to double R&D headcount and expand go-to-market both in the United States and internationally.

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Blockchain Cryptocurrency FinTech Information Technology North America Software

SIMBA Chain Raises $25 Million in Series A Funding

– SIMBA Chain closed a $25m Series A funding round led by Valley Capital Partners.
– The round received additional participation from the Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School Venture Fund, and individuals affiliated with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook, SpaceX, Gap, Estee Lauder, AppLovin, Microsoft, Moelis & Company, Stanford University, the Golden State Warriors, the founders of Lightspeed Venture Partners and New Enterprise Associates and other individual investors.
– SIMBA Chain offers a simple, time and energy efficient method for deploying blockchain technology in the most secure and complex environments.

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Artificial Intelligence Bitcoin Blockchain Compliance Cryptocurrency Cyber Security Machine Learning North America Risk Management

AnChain.AI Raises $10M in Funding

– AnChain.AI is a San Francisco CA-based blockchain security company.
– Company raised $10M in funding.
– The round was led by SIG Asia Investments with participation from Fin VC, Nima Capital, Hard Yaka and Amino Capital.
– The new investment will be aimed at accelerating product development and recruitment across research and development, engineering, customer success and sales.

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Bitcoin Cryptocurrency Eastern Asia Financial Services FinTech Information Technology SaaS Software

Blockchain startup XREX gets $17M to make cross-border trade faster

– Blockchain startup XREX raised $17m in pre-Series A funding.
– The round was led by CDIB Capital Group and joined by SBI Investment, Global Founders Capital, ThreeD Capital, E.Sun Venture Capital, Systex Corporation, MetaPlanet Holdings, AppWorks, BlackMarble, New Economy Ventures and Seraph Group.
– The company plans to apply for financial licenses in Singapore, Hong Kong and South Africa, and partner with banks and financial institutions, like payment gateways.

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Asset Management Blockchain Cryptocurrency Eastern Asia

Hyperithm Raises $11M in Series B Funding

– Hyperithm is a digital asset manager based in Tokyo, Japan and Seoul, Korea.
– The company raised $11M in Series B funding.
– The round was co-led by Hashed and Wemade Tree, with participation from Coinbase Ventures, Cocone, GS Futures, and Guardian Fund.
– The new investment will be used to expand the company’s business reach.

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Cryptocurrency FinTech Mobile North America Payments

MobileCoin Raises $66m To Scale Its Simple, Safe, And Fast Payment Technology

– MobileCoin, a safe and easy digital payments ecosystem, today announced the closing of its $66m Series B to further develop MobileCoin technology.
– The round was led by Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, General Catalyst, Marc Benioff’s TIME Ventures, and Vy Capital.
– This round will be used to further develop MobileCoin’s products, including MOBot, the first cryptocurrency chatbot payment system, the company’s Merchant Services buildout, and the rollout of its initial stablecoin, whose value will stay constant with the US dollar.

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Bitcoin Blockchain Cryptocurrency Cyber Security Financial Services FinTech Identity Management Information Technology Internet Software Southeast Asia

Cybavo Raises $4M in Pre-A Funding

– Cybavo, a Singapore-based blockchain security solution provider, raised $4m in Pre-A funding round.
– The round was co-led by 500 Startups, H&D Asset Management Company and New Economy Ventures.
– Other companies and investors from Taiwan, Silicon Valley, Singapore, Hong Kong and Japan also participated in the round.
– The company intends to use the funding to accelerate expansion in the East Asian, European, and North American markets, invest in the research and development of cybersecurity and blockchain technology, and to further raise the level of customer and product satisfaction it delivers.

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Blockchain Computer Cryptocurrency Information Technology North America Software

Bitwave Raises $7.25M In Seed Funding

– Bitwave, a San Francisco, CA-based provider of enterprise digital asset tax and accounting software, raised $7.25M in seed funding.
– The round was led by Blockchain Capital with participation from Nascent, Nima Capital, Arca, XBTO Humla, and returning angel investor Rowan Trollope.
– The company intends to use the funds to expand its software capabilities and grow its client base.

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Cryptocurrency FinTech North America

Cryptocurrency startup TaxBit, which just opened a new HQ in Seattle, lands $130M at $1.33B valuation

– TaxBit, a cryptocurrency tax and accounting firm, raised $130m funding.
– The funding round pushes the company’s valuation to $1.33b.
– The company plans to double its workforce by the end of the year.
– It also plans to open new offices across the U.S. and the United Kingdom.

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Cryptocurrency Financial Exchanges FinTech North America Trading Platform

FalconX Raises $210M Following 30x YoY Revenue Growth; Now Valued at $3.75 Billion

– FalconX announced a $210m Series C financing round, valuing the company at $3.75bn.
– The round was led by Altimeter Capital, Sapphire Ventures and existing investors B Capital Group and Tiger Global Management, with participation from Mirae Asset. Amex Ventures also increased its existing investment as part of this round.
– FalconX is a digital assets and cryptocurrency financial services company that provides institutions trading, credit, and clearing across major cryptocurrencies.
– FalconX will use the funding from the Series C round to expand its product lines, explore strategic acquisitions, and continue to hire great talent globally, including key executives with backgrounds at the convergence of traditional financial markets, digital assets and technology.
– FalconX was founded in 2016 by a team of ex-Goldman Sachs bankers and technologists.

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Asset Management Cryptocurrency FinTech North America Trading Platform

Mudrex Raises $2.5M in Seed Funding

– Mudrex, a crypto asset management platform based in Bengaluru, raised $2.5m in seed funding.
– The round was led by Nexus Venture Partners with participation from Village Global, Kunal Shah, Anand Chandrashekharan, and Anjali Bansal.
– The company intends to use the funds to scale the team and operations, acquire global regulatory compliances, and create innovative products.

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Cryptocurrency Mobile Apps Social Social Media Social Network Southeast Asia

Torum Receives Strategic Investment From Huobi Ventures

– Torum, a Kuala Lumpur, Malaysia-based social media platform, received an investment from Huobi Ventures HECO Fund.
– The amount of the deal was not disclosed.
– The resource integration from Huobi will further expand the ecosystem outreach of Torum, which has already accumulated over 64,000 cryptocurrency enthusiasts from the U.S, Canada, Latvia, Spain, Germany, France, Poland, Malaysia, etc.

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Analytics Bitcoin Blockchain Cryptocurrency FinTech North America

Messari Raises $21M in Series A Funding

– Messari is a NYC-based crypto market intelligence company.
– The company closed a $21m Series A funding.
Point72 Ventures led the round with participation from Coinbase Ventures, Uncork Capital, and Underscore VC as well as new strategic investors Alameda Capital, Blockchain Ventures, CMS Holdings, Gemini Frontier Fund, Winklevoss Capital, Kraken Ventures, and Nascent.
– The company intends to use the funds to expand the global reach of its Pro and Enterprise product suites, triple the size of its engineering and research teams, introduce new offerings that streamline participation in decentralized projects and their communities and to grow its institutional footprint and its community research and educational content, including the production of Mainnet 2021, Messari’s annual summit, which the company will host September 20-22 in New York City.

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Asset Management Blockchain Cryptocurrency Eastern Asia Financial Services

Aspen Digital Raises $8.8M in Pre-A Funding

– Aspen Digital is a Hong Kong-based digital asset investment platform tailored for asset managers, institutions and other professional investors.
– The company secured $8.8m in pre-A funding.
– The round was led by anchor investors RIT Capital Partners, the investment trust founded by Lord (Jacob) Rothschild of the Rothschild banking family, and Liberty City Ventures.
– Other investors include Cherubic Ventures, Token Bay Capital, Somerley Capital, and Chatchaval Jiaravanon & Chaval Jiaravanon.

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Accounting Cryptocurrency Financial Services FinTech North America Software

ZenLedger Raises $6M in Series A Funding

– ZenLedger is a cryptocurrency tax software and blockchain analytics startup.
– Company raised $6m in Series A funding.
– The round was led by Bloccelerate VC with participation from Mark Cuban’s Radical Ventures, G1 VC, Borderless Capital, 4RC, Centrality, BIGG Digital Assets, CoinGecko, Accelerator Ventures, angel investors Jon Staenberg and Darren Lau, as well as previous investors Vestigo Ventures, Castle Island Ventures, Migration Capital, Blackwater Capital, and Karl Muth.
– The company intends to use the funds to release its cryptocurrency portfolio management solution, to grow its team through new hires in marketing, enterprise sales, customer service, and software engineering, to further advance the product and customer experience.

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Blockchain Cryptocurrency Financial Services FinTech North America

Paxos Raises Further Series D Funding

– Paxos is a NYC-based regulated blockchain infrastructure platform.
Bank of America, Coinbase Ventures, Founders Fund and FTX joined the Series D round of funding.
– Paxos has raised more than $540m in funding to date.

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Banking Blockchain Cryptocurrency FinTech Payments Southeast Asia

Vauld Raises $25M in Series A Funding

– Vauld is a global platform for building wealth with crypto based in Bangalore, India.
– Series A funding of $25m was led by Valar Ventures and attracted Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, Cadenza Capital and others.
– The new investment will be used to build out its team and further its global expansion.

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Banking Blockchain Crowdfunding Cryptocurrency Financial Services FinTech North America

Prime Trust Raises $64M Series A

– Prime Trust, a one-stop shop for financial infrastructure for fintech innovators, closed its $64m Series A round.
– Led by Mercato Partners, the round also includes Samsung Next, Nationwide, Commerce Ventures, Ayon Capital, Kraken Ventures, STCAP, s20 Capital, Seven Peaks Ventures, Diverse Angels, University Growth Fund and Nevcaut Ventures.
– Prime Trust is a one-stop-shop for financial infrastructure for fintech and digital asset innovators. They offer core financial service APIs and plug and play widgets that allow companies to launch quickly and scale securely.

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Blockchain Cryptocurrency Eastern Asia Financial Services FinTech

Diginex boosts sustainability metric tracking tools with $6M raise

– Diginex announced a $6m bet that it is.
– A series A round was led by Fitch Ventures, the equity investment arm of Fitch Group.
– The company’s business model is Software-as-a-Service (SAAS) that incorporates some of the latest technologies, like a blockchain and some machine learning models.
– The ESG tool, for instance, gathers reports from partners along the chain and tracks them as the data is posted to the blockchain.
– A similar approach is deployed to track working conditions with DiginexLUMEN.

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Cryptocurrency Financial Exchanges Financial Services FinTech North America Payments

Eco Raises $60M in Funding

– Eco, a San Francisco, CA-based smart money company, raised $60M in funding.
– The round was co-led by Activant Capital and L Catterton with participation from existing investors, including a16z Crypto, as well as new backers Lightspeed Venture Partners, LionTree Partners, Valor Equity Partners, and dozens of others.
– The company intends to use the funds to accelerate its product roadmap to consolidate all financial tools into a single wallet.

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Blockchain Cryptocurrency Cyber Security North America

Fireblocks Secures $310M Series D Round

– Fireblocks, the preeminent platform that empowers the entry of traditional institutions into the digital asset space, has raised $310m in Series D funding.
– The round is co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X.
– This extension of capital marks a significant milestone for Fireblocks, boosting the company’s valuation to over $2b.

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Cryptocurrency Fantasy Sports North America Sports

Dibbs Announces $13 Million Series A to Scale Real-Time Fractional Sports Card Marketplace

– Dibbs, the only real-time fractional sports card marketplace, announced its $13m Series A financing round led by Foundry Group.
Tusk Venture Partners, Courtside Ventures, and Founder Collective also participated in the round, as did a syndicate of superstar athletes, including Chris Paul, Channing Frye, DeAndre Hopkins, Kevin Love, Kris Bryant, and Skylar Diggins-Smith.
– Following a closed beta that kicked off in March of 2021, the Dibbs platform recently became available to all US-based users across iOS, Android, and the web.
– Dibbs enables fans to buy and sell fractions of sports cards, in real-time.

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Blockchain Cryptocurrency Marketplace North America

NFT market OpenSea hits $1.5 billion valuation

– OpenSea, a NFT auction marketplace, raised $100m in Series B funding.
– The round was led by Andreessen Horowitz and joined by Coatue, CAA, Michael Ovitz, Kevin Hartz, Kevin Durant and Ashton Kutcher.
– The company plans to bring support for several more blockchains to its platform.

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Cryptocurrency Financial Services North America Software

Shipyard Software Raises $21M in Funding

– Shipyard Software, Inc. specializes in building decentralized exchanges for specific types of trades, traders, and instruments.
– Company raised $21M in funding.
– The round was led by Polychain Capital with participation from 0x Labs, 1inch, DeFi Alliance, Quantstamp, MetaCartel DAO, Robot Ventures, FJLabs, Naval Ravikant, Nascent, Three Arrows Capital, Electric Capital, LD Capital, and IOSG.
– The new investment will be used to accelerate growth and expand operations.

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Asset Management Blockchain Cryptocurrency Ethereum Finance FinTech North America

Zerion RAises $8.2M in Series A Funding

– Zerion is a San Francisco CA-based focused developer of an investing interface for decentralized finance (DeFi).
– The company raised $8.2m in Series A funding.
– The round was led by Mosaic Ventures with participation from Placeholder, DCG, Lightspeed, Blockchain.com Ventures, DeFi Alliance Fund, Continue Capital, SevenX Ventures, G1 Ventures, Bitscale Capital, Wintermute, The LAO and a group of angel investors from the crypto community.

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Blockchain Cryptocurrency Financial Exchanges Financial Services FinTech Real Estate SaaS Southeast Asia

Chintai Raises $7.5M in Seed Financing

– Chintai is a Singapore-based provider of a blockchain technology platform for compliant tokenization of traditional financial assets.
– Company raised $7.5m in funding.
– The round was led by Block.one with participation from Cryptology Asset Group, Collective Capital, Peer Venture Partners, and Chimera Wealth.
– The new investment will be used to expand the company’s business reach and development efforts.

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Blockchain Cryptocurrency Gaming North America

Bling Secures Seed Financing

– Bling, a gaming platform that enables game developers to give bitcoin rewards, announced it closed a seed round to grow its team and further develop its platform.
– The round included a strategic investment by Coinbase Ventures.
– Pre-seed investors included Wavemaker Genesis, Gumi Cryptos Capital, and Blocktower Capital.

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Bitcoin Cryptocurrency FinTech Latin America

Mercado Bitcoin, Latin America’s Largest Digital Assets Platform, raises $200 Million USD from SoftBank

– Mercado Bitcoin has raised $200m USD from the SoftBank Latin America Fund.
– The fundraise represents the largest Series B round in Latin America’s history and SoftBank’s largest investment in a Latin America crypto company.
– The investment values 2TM Group (the parent company of Mercado Bitcoin) at $2.1b USD, making it the eighth most valuable unicorn in Latin America.
– Mercado Bitcoin will use the funds to increase its scale, expand its offerings and invest in infrastructure to meet the soaring demand for crypto in the region.
– The company has seen significant growth over the past year, with its client base reaching 2.8m in 2021 –more than 70% of the entire individual investors base on Brazil’s stock exchange.

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Cryptocurrency Eastern Asia Finance Financial Services FinTech Information Technology Trading Platform

Amber Group Raises $100M in Series B Funding at $1 Billion Valuation

– Amber Group, a Hong Kong-based crypto trading and technology company, raised $100m in Series B funding at a $1b valuation.
– The round was led by China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures, Blockchain.com, Bit Digital, Digital Finance Group, Fenbushi Capital, Math Wallet, SNZ Capital, Continue Capital, and Mr. Zhao Qingsun.
– The company intends to use the funds to continue to expand global operations and develop market solutions for crypto investors and companies.

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Blockchain Cryptocurrency FinTech North America Software

Chainalysis Raises $100M at a $4.2 Billion Valuation

– Chainalysis from NYC provides a blockchain data platform that helps government agencies, financial institutions, and exchanges to detect fraud and prevent money laundering.
– The company raised $100m in Series E funding.
– The round was led by Coatue with participation from Benchmark, Accel, Addition, Dragoneer, Durable Capital Partners, 9Yards Capital, Altimeter, Blackstone, GIC, Pictet, Sequoia Heritage and SVB Capital.
– The new investment will be used to hire for hundreds of new positions across all functions to continue its global expansion, as well as develop collaboration tools in its suite of software solutions so that public and private sector teams can work together from the same data set.

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Consumer Cryptocurrency FinTech North America

Donut Raises $2M in Funding

– Donut is a Berlin, Germany- and Los Angeles, CA-based DeFi powered mobile app to save and earn high yield.
– The company closed a $2m funding round.
– Backers included Redalpine, which reinvested in the company bringing total funding to date to $3.8m.
– Other investors include Inventures, Compound founder Robert Leshner, Entrepreneur First and a group of users, including the owners of the Washington Nationals baseball team.
– The new investment will be used for user growth and product development ahead of planned additional funding in early 2022.

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Asset Management Blockchain Cryptocurrency Lending Western Europe

Tesseract Raises $25M in Series A Funding

– Tesseract from Helsinki is an institutional digital asset lending company in Europe and emerging markets.
– The company raised $25m in Series A funding.
– The round was led by Augmentum Fintech with participation from Icebreaker.vc, BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute and Woorton as well as undisclosed local and international investors and strategic angels.
– The new investment will be used to develop the company’s institutional offerings and cross-trading venue margin lending platform even further, hire new talent to develop new and existing partnerships, and to boost innovation in new undisclosed financial products.

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Blockchain Cryptocurrency Finance Financial Services FinTech Information Technology North America

Securitize Raises $48M in Series B Funding

– Securitize, Inc. from Miami, FL raised $48m in Series B funding.
– The round was co-led by Blockchain Capital and investment funds managed by Morgan Stanley Tactical Value, which were joined by new investors Ava Labs, IDC Ventures, Migration Capital, NTT Data and Sumitomo Mitsui Trust Bank and existing investors Blockchain Ventures, Borderless Capital, Global Brain, Mouro Capital, Ripio, Ripple and SPiCE VC.
– The company will add Pedro Teixeira, Co-Head of Morgan Stanley Tactical Value, to its Board of Directors.

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Blockchain Cryptocurrency Financial Services North America Software

Bitwise Asset Management Inc. Completes $70 Million Series B, Valuing the Company at More Than $500 Million

– Bitwise announced the completion of its Series B.
– The round was led by Elad Gil and Electric Capital, joined by new backers including Daniel Loeb’s Third Point LLC, Daniel Och’s Willoughby Capital, Louis Bacon’s Moore Strategic Ventures, Paul Eisenstein’s Vetamer Capital, and Coinbase Ventures.
– Bitwise plans to use the proceeds from its Series B round to strengthen its balance sheet and accelerate the national buildout of its organization, team and product suite.
– Bitwise is the world’s largest cryptocurrency index fund manager and is currently profitable.
– Assets under management are up more than 20x year over year, crossing $1.2 billion at the end of Q1 and taking the company to profitability.

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Bitcoin Blockchain Cryptocurrency Cyber Security SaaS Western Europe

Ledger completes a $380 million Series C fundraising valuing the company at more than $1.5 billion, to strengthen its position as the leading secure gateway to digital assets

– Ledger announced a $380m Series C round.
– The round was led by 10T Holdings with strong support from existing investors including Cathay Innovation, Draper Esprit, Draper Associates, Draper Dragon, DCG, Korelya Capital, and Wicklow Capital and other newcomers including Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache (Groupe Arnault), and iAngels Technologies.
– Ledger has an implied valuation of more than $1.5bn, marking its rapid and accelerating growth.
– Ledger is the market leading secure gateway for investors looking to access the world of digital assets securely.

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Bitcoin Blockchain Cloud Infrastructure Cloud Management Computer Cryptocurrency Ethereum FinTech North America

Blockdaemon Raises $28 Million In Series A Funding To Help Institutions Quickly and Securely Scale Blockchain Infrastructure

– Blockdaemon closed a $28m Series A funding round.
– The round was led by Greenspring Associates with participation from Goldman Sachs, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, and Hard Yaka.
– Existing seed round investors Boldstart Ventures, Coinfund, Kenetic, CoinShares, Borderless Capital, Blockchain.com Ventures, Lerer Hippeau and Heavybit increased their investments.
– Blockdaemon is the foundational layer to the blockchain industry, enabling participants to stake and deploy nodes with institutional-grade security, scalability and reliability.
– Blockdaemon offers access to new financial infrastructure for a variety of market participants, from large financial institutions, exchanges and custodians to small, agile crypto native firms and developers.

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Bitcoin Blockchain Cryptocurrency Financial Services FinTech North America

Unchained Capital Raises $25M in Series A Funding

– Unchained Capital, Inc. from Austin TX is building a full-suite financial services platform for individuals and businesses that store long-term wealth in bitcoin and demand private key ownership.
– The company raised $25M in Series A funding.
– The round was led by NYDIG and parent company Stone Ridge Holdings Group with participation from existing investors Ecliptic Capital, Starting Line, Stronghold Resource Partners, TVP Bitcoin Venture Fund, Ten31, and Platform Ventures.

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Banking Blockchain Cryptocurrency Finance Financial Services FinTech North America Payments Personal Finance

Circle Closes $440M Funding Round

– Circle, a global financial technology firm based in Boston, raised $440m in a series E funding.
– The round was led by Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures, Atlas Merchant Capital, Digital Currency Group, FTX, Breyer Capital, Valor Capital Group, Pillar VC as well as Michael J. Price and Friends.
– The new investment will be used for continued growth, organizational development and market expansion opportunities.

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Blockchain Cryptocurrency Eastern Asia Finance FinTech

Crypto Financial Service Provider Babel Finance Raises $40 Million

– Babel Finance is a leading global crypto financial service provider.
– The company raised $40m in Series A funding.
– The round was led by Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital, Bertelsmann, and Tiger Global Management, with follow-on participation from existing investors.
– This funding demonstrates that Babel Finance is highly sought after by top global venture capital and private equity investors as well as family offices.

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Blockchain Cryptocurrency FinTech North America

Chia Raises $61 Million to Scale Global Deployment of Green Financial Services Infrastructure

– Chia Network Inc., a company built around a new energy efficient decentralized blockchain and smart transaction platform founded by Bram Cohen, has secured a $61m Series D Preferred equity investment led by Richmond Global Ventures and Andreessen Horowitz, with participation from True Ventures, Slow Ventures, Cygni Capital, Breyer Capital, Naval Ravikant, Collab+Currency and DHVC.
– David Frazee from Richmond Global Ventures will join Chia’s board.
– The proceeds from the financing will accelerate Chia Network’s mission to operate a more energy-efficient, secure and user-friendly payment system for governments, financial institutions, corporations and consumers worldwide.

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Blockchain Cryptocurrency Financial Services FinTech North America

Paxos raises $300 million to build a cryptocurrency infrastructure giant

– Paxos has raised $300m funding.
– The round was led by Oak HC/FT and joined by Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures and WestCap.
– Paxos offers different products, such as crypto trading and settlement, custody and the ability to issue tokens.
– It focuses on big enterprise clients, such as Revolut, Crédit Suisse, Société Générale and StoneX.
– The company tries to be as compliant as possible. And it plans to remain committed to regulation across several geographies and verticals.

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Cryptocurrency Financial Services North America

Hashflow Announces $3.2M Seed Round To Bring Professional Market Makers to DeFi, Backed By Dragonfly Capital and Electric Capital

– Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, has closed a seed funding round of $3.2 million from leading venture capital firms and angel investors.
– The round was led by Dragonfly Capital and Electric Capital, and joined by IDEO Ventures, Alameda Research, Metastable, Galaxy Digital, Unanimous Capital, and angels including Balaji Srinivasan, Kain Warwick, & Ryan Sean Adams.
– Decentralized exchanges on Ethereum have seen rapid growth over the past year with over $215 billion traded on DeFi alone in Q1 2021. This growth can be credited to the popularity of Automated Market Makers (AMMs) which catalyzed DeFi’s explosive growth by offering a simple and permissionless on-chain trading experience.

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Apps Bitcoin Consumer Cryptocurrency E-Commerce North America

Lolli Raises $5M in Pre-Series Funding

– Lolli is a NYC-based bitcoin rewards company.
– In March 2021 the company raised $5m in Pre-Series funding.
– The round was led by Seven Seven Six, Night Media, Serena Ventures, Casey Neistat, Phil Defranco, Cody Ko, Noel Miller, Ian Borthwick, and Gabriel Leydon.
– The funding follows a previous $3m seed round led by PathFinder, Founders Fund’s early-stage investment vehicle, and included Ashton Kutcher and Guy Oseary’s Sound Ventures, Michelle Phan, Digital Currency Group, and Bain Capital.

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Banking Blockchain Cryptocurrency Financial Services FinTech Western Europe

Finoa Closes $22M Series A Funding Round

– Finoa, a Berlin, Germany-based digital asset custody and financial services platform for institutional investors and corporations, raised $22m in Series A funding.
– The round was led by Balderton Capital, with further participation from existing investors Coparion, Venture Stars and Signature Ventures, as well as an undisclosed investor.
– The new investment will be used to build out its products and services, scale up the team, and enable participation in innovative financial services beyond custody and staking.

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Cryptocurrency Financial Services FinTech South Asia Trading Platform

Tiger Global backs Indian crypto startup at over $500M valuation

– CoinSwitch Kuber, a cryptocurrency exchange, raised $25m in Series B funding.
– The round was led by Tiger Global and valued the startup at more than $500m.
– The startup has raised $41.5m to date.

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Blockchain Cryptocurrency North America Semiconductor

ePIC Blockchain Completes $7.5 Million Series A Financing Round

– ePIC Blockchain Technologies Inc. announced the completion of its Series A funding round for USD 7.5m.
– Fort Capital Partners advised ePIC in the evaluation and structure of the offering.
– The proceeds from this raise, along with early customer orders, will be used to fund the prototyping and pre-production costs of ePIC’s third mining rig. Code-named “Amnesia”, this ASIC has been in development since early 2020 and is expected to launch in Q4 2021.
– With over $1 billion raised by publicly listed miners during the last 6 months, plans have been announced for an aggregate of 720MW of power capacity for North American datacenter and mining operations.
– North America is poised to become a leading provider of cryptocurrency mining hashrate.

Africa Blockchain Cryptocurrency Internet

Ovex Raises $4M in Funding

– Ovex is a Cape Town, South Africa-based cryptocurrency exchange platform specializing in OTC trading and arbitrage, offering South Africa’s largest selection of digital asset markets.
– The company raised $4m in funding.
– The round was led by Quantitative cryptocurrency trading firm Alameda Research,  developer of  FTX, a crypto derivatives exchange.
– The company intends to use the funds to expand into Dubai, Nairobi, Quebec, and London, as well as Lagos when the Nigerian central bank loosens its cryptocurrency ban.

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Blockchain Cryptocurrency Marketplace North America

OpenSea Raises $23M in Funding

– OpenSea, a NYC-based marketplace for NFTs, raised $23M in funding.
– The round was led by Andreessen Horowitz with participation from Naval Ravikant, Mark Cuban, Tim Ferris, Belinda Johnson, Ben Silbermann, Alexis Ohanian, Balaji Srinivasan, Standard Crypto, Linda Xie, Avichal Garg, Flamingo DAO, 3LAU, RAC, Justin Kan, Andrew Steinwold, Metapurse, Bill Lee, 1Confirmation, Pascal Capital, Blockchain Capital, Regan Bozman, Kevin Hartz and Dylan Field from Figma.
The company is using the funds to continue to expand operations and its business reach.

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Analytics Bitcoin Cryptocurrency Financial Exchanges FinTech North America Software

Chainalysis Scores $100M in Series D

– Chainalysis, the blockchain analysis company, has secured a $100m Series D financing led by Paradigm.
– Previous investors Addition and Ribbit increased their investment in the company; and TIME Ventures, the investment fund for Marc Benioff, also participated.
– Chainalysis’s proprietary cryptocurrency data powers its industry-leading investigations and compliance software, which enables government agencies and private sector businesses across the world to detect and prevent cryptocurrency crime and money laundering.

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Accounting Bitcoin Blockchain Computer Cryptocurrency FinTech Information Services Information Technology North America Software Virtual Currency

Lukka Raises Additional $53 Million Series D

– Lukka, the leading enterprise crypto asset software and data provider, announced it has completed its $53m Series D round of financing.
– Participants in the round include Soros Fund Management, S&P Global, and CPA.com (a subsidiary of the American Institute of Certified Public Accountants).
– This fundraise follows Lukka’s recent Series C round, which was led by State Street just three months prior.
– This investment will accelerate Lukka’s operations as the leading institutional-grade middle and back office crypto asset software and data provider at a time when the rapid adoption of crypto assets by the traditional financial services industry requires more mature software and data solutions to support business operations.

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Bitcoin Blockchain Cryptocurrency Europe FinTech Trading Platform

Crypto wallet and exchange company Blockchain.com raises $300 million at $5.2 billion valuation

– Blockchain.com, a cryptocurrency company, raised $300m funding.
– The round was led by DST Global, Lightspeed Venture Partners and VY Capital.
– Existing investors also participated.
– Following today’s funding round, the company has reached a post-money valuation of $5.2 billion.

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Bitcoin Blockchain Cryptocurrency Europe Financial Services FinTech

Neobroker Bitpanda raises $170M at a $1.2B valuation to take its trading platform beyond crypto

– Bitpanda, a “neobroker” that wants to make it easier for ordinary people to invest not just in bitcoin and other digital assets, but also gold, and any established stock that takes their interest, has picked up $170m funding.
– Bitpanda is based in Vienna, Austria and says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.
– The round is being led by Valar Ventures — the fund backed by Peter Thiel — with participation also from DST Global (Yuri Milner’s fund).
– Bitpanda says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.

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Crowdfunding Cryptocurrency Financial Services North America Venture Capital

Republic Announces $36M Series A to Democratize Access to Investing for Everyone

– Republic, a leading investment platform, announced today it has completed the initial closing of its $36M Series A fundraising.
– The round was led by Galaxy Interactive with participation by Tribe Capital, Motley Fool Ventures, and Broadhaven Ventures.
– In addition, Prosus Ventures (formerly Naspers Ventures) made a strategic investment in Republic through a purchase of Republic Notes, a novel digital security.
– Founded in 2016, Republic and its subsidiaries have raised more than $70 million to fund their ventures.
– Republic was founded on the principle that sought-after investment opportunities should not be limited to small, closed networks of investors, and that people should be able to invest in the future they believe in.
– On the Republic platform, anyone can invest across startups, real estate, crypto, gaming, and small businesses.

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Blockchain Cryptocurrency Gambling Mobile Apps North America Sports

ZenSports Closes $2.4M Series ‘A’ Round of Funding

– ZenSports, the next-generation mobile sports betting app that offers both a traditional book plus peer-to-peer sports betting platform using fiat or cryptocurrencies, has announced the close of its new $2.4m in Series A funding.
– Investors in this round include Gaingels, MicroVentures, Calm Ventures, Twenty Five Ventures and Allied Ventures Partners, as well as other individual angel investors.
The new round of funding will be used by ZenSports to complete its current U.S. gaming license applications that it has on file in Nevada and Tennessee.
– ZenSports also recently signed a partnership deal with Boulter Developments to eventually expand into Colorado.

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