Posts in category

Venture Capital


Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission (SEC) reveal. According to a Form D published on April 20, Orchid has raised roughly $36.1 million out of a planned $125.59 million. Per the Form D filing, 42 investors have taken part in the sale of SAFTs …

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The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort. Announced at a blockchain event in the city on Sunday, hosted by the China Electronic Commerce Association, the fund aims to invest 500 million yuan ($80 million) in blockchain startups in Shenzhen during its …

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The stock for cryptocurrency investment firm Ether Capital has begun trading on a Canadian stock exchange. Formerly known as Ethereum Capital, the investment fund’s shares went live on the NEO Exchange in Toronto Thursday. The company plans to invest the funds it raises both into startups developing projects in the space as well make direct purchases of ether …

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Tokenized securities startup Harbor has secured $28 million in funding from major Silicon Valley venture capital firms, the company announced on Tuesday. The strategic round was led by Founders Fund, and included the participation of Andreessen Horowitz and Pantera Capital. Existing Harbor investors Craft Ventures, Vy Capital and Valor Equity Partners, as well as Future Perfect Ventures, …

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Coinbase always seemed destined to add litecoin. Even amidst an early sea of competing cryptocurrencies cloned from the bitcoin codebase, litecoin had secured a special place. Early adopters used it as a way to extend bitcoin gains and test out the tech, while effective marketing attracted mainstream interest (even without the technology offering much in the …

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Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday. Investors in the round include General Catalyst, Digital Currency Group, FirstMark Capital, Plug and Play Ventures and The Fund. Carbon did not disclose its valuation. The investment round brings the project a step closer to launching a dollar-pegged cryptocurrency …

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Ripple has invested $25 million worth of its XRP token in Blockchain Capital’s Parallel IV venture fund, the startup announced on Wednesday. The firm’s fund is the first to accept capital calls in cryptocurrency. “Blockchain Capital is the premier fund for any project looking to get off the ground in the blockchain space,” Patrick Griffin, …

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Cryptocurrency investment management startup CoinTracker has raised $1.5 million in seed funding from some heavyweight investors, the firm announced on Tuesday. Backed by seed accelerator Y Combinator, the round was spearheaded by Initialized Capital – an early Coinbase investor that was in part established by Reddit co-founder Alexis Ohanian. Protocol Labs founder and FileCoin creator …

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Blockchain startup Stably has raised $500,000 in a seed funding round for its “stablecoin” project. Led by venture capital firm Beenext and accelerator 500 Startups, an early investor in bitcoin startups, the funds will contribute to Stably’s efforts to launch a fiat currency-backed stablecoin with “organic price stability and high reserve transparency.” Angel investors – drawn …

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A new Chinese blockchain fund has $1.6 billion available to invest in innovative startups – 30 percent of which is backed by a city government. Dubbed Xiong’An Global Blockchain Innovation Fund, the new initiative was announced Monday at the opening ceremony of a new Blockchain Industrial Park in Hangzhou – a Chinese city noted for …

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Blockchain startup Chainalysis has today announced a new real-time cryptocurrency compliance tool and a $16 million Series A investment from Benchmark Capital. Founded in 2014, Chainalysis provides cryptocurrency exchanges, international law enforcement agencies, and other clients with bitcoin transaction analysis software to help them comply with regulations, assess risk and identify illicit activity. Notably, the …

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“I think it’s fair to say that ICO-related language is making its way into term sheets.” The comment, made by a partner at a major venture capital firm, shines a light on how traditional investors are tweaking their standard paperwork to deal with how a growing number of companies, both blockchain-based and traditional, are pursuing …

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Shenzhen-based cryptocurrency data startup BitKan has raised $10 million in a Series B funding round. Leading the round is a Chinese financing firm called Zhongyunhui Capital, with IDG Capital and bitcoin mining giant Bitmain also contributing funds, the company announced Wednesday. Bitmain is an existing investor in BitKan, having invested $1.6 million in the startup in …

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Blockchain payments startup Bitpay has successfully raised $40 million in a Series B funding round, exceeding its initial goal of $30 million. Bitpay, which processes bitcoin and bitcoin cash payments for merchants, announced that had launched a $30 million Series B funding round last December, but decided to expand the round before it had concluded. …

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Spring Labs, a blockchain startup that aims to decentralize the data-sharing process in the credit industry, has raised $14. 75 million in a seed funding round. According to an announcement Tuesday, the Los Angeles and Chicago-based firm said the round was led by August Capital, with other software- and blockchain-focused capital firms also participating. The …

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Blockchain Capital has raised $150 million in its fourth fundraising round, raising the total value of assets under the venture capital firm’s management to $250 million. San Francisco-based Blockchain Capital’s portfolio already includes fintech companies such as Coinbase, Ripple, Circle, and Kraken. It has long been one of the blockchain industry’s leading firms, investing in 72 …

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After raising $12 million in its first round of venture capital funding, CryptoKitties will break away from its creator, Canadian blockchain startup Axiom Zen, the company announced Tuesday. The ethereum-based app, which has enjoyed tremendous popularity since its launch in December of 2017, allows users to buy, collect, breed and exchange unique digital cats built …

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Eximchain, a supply-chain focused blockchain startup founded in 2015, has raised $20 million from a group of investors. Founded at the Massachusetts Institute of Technology’s media lab, the startup raised the funds to continue developing its own public blockchain – powered by private smart contracts – to provide different solutions for recording, transacting and distributing …

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OB1, the development company behind decentralized online marketplace OpenBazaar, has raised $5 million in a Series A funding round According to a press release, investors in the round include Chinese bitcoin mining giant Bitmain and Canadian VC firm OMERS Ventures. While some blockchain companies see initial coin offerings as an alternative to traditional fundraising, players …

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Crypto investment fund Multicoin Capital has announced that investors including Marc Andreessen are taking part in its flagship fund. When launched in October 2017, the firm announced plans to raise as much as $100 million by the end of the first quarter of 2018. The funding target has now been raised to $250 million, which …

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