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The cryptocurrency industry is attracting an increasing number of institutional players. This is evidenced by new investments in infrastructure, and the increasing attention that companies are showing to Bitcoin as an asset class. The most important events of recent weeks are in the ForkLog review.
KuCoin Exchange Raises $150 Million at $10 Billion Valuation
Cryptocurrency exchange KuCoin raised $ 150 million in the funding round of the preliminary Series B. Investors valued the company at $ 10 billion.
The round was led by Jump Crypto. Funding was also provided by several venture capital funds, including Circle Ventures, IDG Capital and Matrix Partners.
The company is using the funds to expand its product line beyond centralized services. In particular, through its investment divisions, the exchange intends to enter the DeFi and NFT markets.
Part of the funding will also be directed to the development of infrastructure and applications on the KuCoin Community Chain blockchain.
Citigroup and Wells Fargo invested $ 105 million in crypto trading platform Talos
Crypto trading infrastructure provider Talos raised $105 million in a Series B funding round. The startup’s valuation reached $1.25 billion.
The round was led by General Atlantic. Among the participants: Wells Fargo Strategic Capital, Citigroup, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others. All of them invested in Talos for the first time.
The startup was also supported by existing investors, including Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments.
The raised funds will be used to expand business in Europe and the Asia-Pacific region. To this end, the company will also increase its current headcount by approximately 80 employees.
Talos provides direct access to the cryptocurrency market, price monitoring, reporting, clearing and other services for institutional clients.
Blockchain Capital supported the startup of crypto influencer Irene Zhao in a round of $ 100 million
Startup SO-COL, co-founded by cryptocurrency influencer Irene Zhao, raised $ 100 million in a private funding round. It was headed by the investment fund Blockchain Capital.
The amount is not final – negotiations with investors continue. The raised funds will be directed to the development of the application, marketing and hiring developers.
Alameda leads Voyager Digital’s $60 million funding round
Cryptocurrency broker Voyager Digital raised about $ 60 million during a private placement of shares. The funding round was led by Sam Bankman-Fried’s Alameda Research.
Participants include Barry Silbert’s Digital Currency Group, Mike Novogratz’s Galaxy Digital and Blockdaemon. The only agent and bookrunner was the financial company BTIG.
Voyager Digital uses the funding for corporate-wide purposes.
Haun Ventures Katie Haun leads $50 million investment round for NFT startup Zora
The platform for the sale of non-fungible tokens Zora has attracted $ 50 million in investment. The round was led by venture capital firm Haun Ventures, founded by former a16z general partner Katie Haun.
The funds will be used to accelerate the development of an open infrastructure for NFT projects and expand cooperation with teams from the sphere. Zora also intends to increase the number of grants and hackathons.
Startup Solidus Labs raised $ 45 million from Liberty City Ventures
Solidus Labs, a startup specializing in monitoring market manipulation in the crypto industry, has closed a series B funding round in the amount of $ 45 million.
It was headed by Liberty City Ventures with the participation of Evolution Equity Partners, Declaration Partners, ex-head OSS Brian Brooks and former chairman CFTC Christopher Giancarlo.
The raised funds will be used to increase the number of financial partners and new research and development. Since the beginning of 2021, the startup team has quadrupled.
Certora Raises $36 Million from Jump Crypto, Tiger Global and Galaxy Digital
The Israeli company Certora, specializing in tools for analyzing the security of smart contracts, raised $ 36 million in the series B funding round.
The round was led by Jump Crypto. Tiger Global, Galaxy Digital, Electric Capital, ACapital, Framework Ventures, Coinfund, Lemniscap, Coinbase and VMware also participated.
Bitcoin.com raised $33.6 million through a private token sale
Crypto wallet and exchange provider Bitcoin.com raised $33.6 million during a private sale of the VERSE token.
The token sale was attended by Digital Strategies, KuCoin Ventures, Blockchain.com, ViaBTC Capital, Redwood City Ventures, 4SV, BoostX Ventures, as well as Roger Ver, Jihan Wu and David Wahsman as private investors.
The company describes VERSE as a cross-network utility token and an ERC-20 management asset. Its functions in Bitcoin.com are compared with the coins of the Crypto.com (CRO), Binance (BNB) and FTX (FTT) platforms.
The issue will be 210 billion VERSE over seven years in equal batches.
15% of the tokens will be received by the project team, 34% by the developer fund, 35% will presumably go to incentive programs in the ecosystem. 16% of the VERSE emission is for sale. A public token sale of 12.6 billion coins (6%) is planned for June 2022.
Crypto Market Data Provider Amberdata Raises $30 Million
U.S.-based blockchain analytics startup Amberdata raised $30 million in a Series B funding round, led by Knollwood Investment Advisory.
Round participants include Susquehanna International Group, Nasdaq Ventures, NAB Ventures, Chicago Trading Company, Nexo, Coinbase and Innovius.
Current investors of the startup – Citigroup, Franklin Templeton, Aspenwood Ventures, Rovida Kruptos Assets and Boldstart Ventures – increased their investments.
The raised funds will be used to scale the business in the United States and abroad. Amberdata also plans to expand the depth and coverage of the DeFi sphere, accelerate the development of cryptocurrency indices and analytical products.
Bitcoin exchange Gopax raised $ 23.7 million in a round involving DCG
Streamy, the operator of the South Korean crypto exchange Gopax, announced the closure of the Series B funding round in the amount of 30 billion won (~ $ 23.7 million).
Financing was provided by both existing investors of Digital Currency Group and Strong Ventures, as well as new ones. Among the latter is the venture capital firm Z Venture Capital, which is associated with the softbank and Line joint venture, as well as KB Investment.
At the end of the round, the company received a valuation of 350 billion won (~ $ 276 million).
The funds raised will be used to strengthen the exchange’s team and attract customers “through aggressive marketing.”
Also on ForkLog:
- The founder of Revolut will launch an AI-based venture fund with assets of $ 200 million.
- Andreessen Horowitz has invested in blockchain game developer Azra Games.
- Bloomberg learned about amber Group’s plans to attract investment at an estimate of $ 10 billion.
- Startup Casa raised $ 21 million and introduced its own API.
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