VC’s

Crypto Trader Amber Raises $300M Protection For FTX-Hit Customers

As the collapse of FTX rocks the crypto community, the Sequoia and Temasek-backed Amber Group, a crypto trading company, has concluded a massive $300 million Series C fundraising round. The revelation, which the Singapore-based company shared on Twitter early on Friday, comes shortly after a Bloomberg report that said the cryptocurrency dealer had canceled a sponsorship agreement with Chelsea FC and was laying off 40% of its workforce due to market unrest. Like other cryptocurrency trading companies, Amber was affected by the collapse of FTX. The company stated that at the time of the failure, less than 10% of its…

Zulu Raises $5 Million Seed Round For Its LatAm Digital Wallet

The adoption of cryptocurrencies in Latin America is still increasing, with Chainalysis putting the adoption growth rate at 40%, even as we try to determine whether any of this has harmed investor confidence in the sector and investment for businesses. Furthermore, the area “represents a 9.1% share of the worldwide cryptocurrency value received in 2022, with remittances and high inflation the main drivers of adoption,” according to the report. Even venture investors concur that Latin America is a crypto-hungry region. For instance, former leaders of Binance established a fund earlier this year to invest $100 million in this area and…

Fordefi Raises $18M Seed Round To Launch Institutional DeFi Wallet & Security Platform

Fordefi has introduced the first institutional MPC wallet and Web3 gateway for crypto-native funds, backed by leading crypto VCs and designed by veterans of the field. Fordefi, a firm that develops financial software and technology, today announced the public release of its institutional MPC wallet and an $18 million seed investment (dApps). Electric Funding, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital, and StarkWare, the firm’s initial capital raising was sponsored by Lightspeed Venture Partners. Fordefi has introduced the first institutional MPC wallet and Web3 gateway for crypto-native…

Cryptocurrency Pre-sales To Check Out & Invest In 2022

The present bear market has had a significant negative influence on the most well-known cryptocurrencies. Still, some tokens have given investors a chance to profit despite the dire market circumstances. These tokens have a high value even in a bear market because they meet all the criteria for a top cryptocurrency-related project. Through cryptocurrency presales, investors can participate in an exciting new business before it is made available to the general public. As a result, investors can participate in a new, potential cryptocurrency business in its early phases. Investors will also get lower costs in addition to the benefits offered…

Kollider Closes $2.35M To Build ‘Lightning-Native’ Financial Products

Synthetic stablecoins backed by bitcoin are currently available on the bitcoin derivatives exchange, and a Lightning-enabled bitcoin wallet is in the works. Exchange for bitcoin derivatives Lemniscap, along with Castle Island Ventures, Polychain Capital, Alameda Ventures, Pfeffer Capital, Okex, and other investors, secured a $2.35 million seed fundraising round on Kollider. The company plans to utilize the money to grow its exchange business and increase the number of Lightning-native financial solutions it offers in addition to its current product line. On top of the Bitcoin blockchain, a Lightning network facilitates quicker and less expensive bitcoin transactions. The fundamental offering of…

Celestia Labs Raises $55M In A Combined Series A & B Round

Founders of the Celestia blockchain network, Celestia Labs, have raised $55 million in a combined Series A and B investment sponsored by venture capital firms Polychain Capital and Bain Capital Crypto.  According to a person familiar with the situation, the money raising elevated Celestia to unicorn status with a $1 billion valuation and was four times oversubscribed.  Coinbase Ventures, Jump Crypto, FTX Ventures, Placeholder, Galaxy, Delphi Digital, and several additional venture capital and angel investors were also participants in the round. Previously, in March of last year, Celestia secured $1.5 million in a seed round at an undisclosed valuation.  With…

Goldsky Raises $20 Million In Seed Funding Led By Felicis & Dragonfly Capital

Doodles Raised $54M Of Equity Funding, Backed By Alexis Ohanian’s Seven Seven Six

Arpeggi Labs Raises $5.1M Seed Funding To Build Open-Source Music Creation

Our ability to collaborate and build on the ideas of others has never been more straightforward as the world gets more digital. Many artistic genres have experienced a creative explosion thanks to technology. Still, the outmoded music infrastructure of today prevents artists from using music in their natural creative process by preventing reuse and iteration and locating rights holders, documenting contracts, and profiting from licensing fees. With Arpeggi Labs, we set out to improve the music-making process.  Arpeggi is creating the hub for publishing and making music on the web3. Anyone may create, post, publish, and explore sounds and tunes…

GoGoPool Announces $5 Million Fundraise Co-Led By Framework Ventures & CoinFund

The Avalanche blockchain can offer almost immediate transaction completion. AVAX serves as a fundamental unit of account among blockchains in the Avalanche network and is used to pay transaction processing fees and secure the network. AVAX, the platform’s native currency, is used by Avalanche.Avalanche is an Ethereum rival that emphasizes scalability and transaction processing speed more.AVAX handles the Avalanche blockchain’s security and network-wide transaction fees.Using a governance model, it is possible to calculate transaction fees and the rate of AVAX coin issuance.According to reports, the Avalanche blockchain can handle 4,500 transactions per second.Avalanche will debut in 2020 and intends to…