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Venture Capital


Cobo, a Beijing-based cryptocurrency wallet startup, has closed a $13 million Series A funding round in its bid to expand its services overseas. The company announced the latest equity financing on Wednesday, which is backed by Danhua Venture Capital, the NEO Foundation and Wu Capital, a China-based family office and limited partner in funds created …

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Blockchain startup Adhara, which boasts a stellar line-up of former banking innovators, has secured $15 million in new funding from Consensys, the ethereum design studio. The funding will help Adhara continue its work on international payments, which includes introducing central banks to the type of cryptography normally confined to math labs and academic circles. For …

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Blockchain finance firm Clearmatics Technologies has raised over $12 million in a Series A funding round led by venture capital firm Route 66 Ventures. Additional investment in the funding round came from private equity firm TNF Capital and XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. As part of the arrangement, …

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This post was originally published here Ivy League U.S. university Yale is said to be one of the investors that helped to raise $400 million for a major new cryptocurrency-focused fund, Bloomberg reports October 5. The fund, dubbed ‘Paradigm,’ was reportedly created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles …

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Has Yale University just plunged into the turbulent waters of the cryptocurrency markets? That’s a big yes, according to an anonymous source cited in a Bloomberg report Friday. While yet to be officially confirmed, the Ivy League institution is said to have invested in a major crypto fund set up by Fred Ehrsam, Coinbase co-founder; Matt Huang, a former partner …

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Medici Ventures, the blockchain accelerator and subsidiary of Overstock.com, has made a seven-figure investment in blockchain startup VinX. Israel-based VinX is developing a supply chain platform for trading wine futures, which allow connoisseurs and collectors to purchase a vintage while it’s still in the barrel, a year or two before it’s bottled and released on …

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This post was originally published here As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the …

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As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the first three quarters of the year …

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Korea Investment Partners (KIP), the largest venture capital firm in South Korea, is investing in its first blockchain startup. Announced Tuesday, KIP is investing an undisclosed amount of money into Temco, a blockchain-based startup that aims to revolutionize supply chain management systems for small- to medium-sized businesses (SMEs) using blockchain technology. Specifically, according to Temco’s website, …

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Blockchain payments startup Veem has closed a $25 million funding round led by Goldman Sachs, it announced Wednesday. The firm, which rebranded from Align Commerce alongside another $26 million Series B raise in 2017, also saw participation in the new strategic round from investors including GV (formerly Google Ventures), Silicon Valley Bank, Kleiner Perkins and …

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Blockchain startup Bitwala has raised €4 million in new funding that will help develop a planned blockchain bank account offering. VC firms Earlybird and Coparion took part in the round, according to a September 25 blog post from the Germany-based payments company. The funding will be used to continue development of its product line, including a bid to launch …

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Crypto exchange company Seed CX has raised $15 million in a Series B funding round. Bain Capital Ventures led the exchange’s $15 million Series B fundraise, according to statements, bringing the company’s total fundraise to $25 million. The exchange offers trading and settlement services for spot markets and other derivatives regulated by the Commodity Futures Trading Commission. …

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Blockchain development startup Spacemesh has just raised $15 million in a Series A funding round led by Polychain Capital, the firm announced Wednesday. The project is taking a novel angle on blockchain tech, working to develop a “blockmesh operating system” using the proof-of-space-time (PoST) consensus protocol. As previously reported, the goal is to be able …

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Ethereum wallet MyCrypto just raised $4 million in its ongoing effort to make its product more user-friendly, the startup announced Thursday. Led by Polychain Capital, the Series A funding round also saw investments from Boost VC Fund 3 LP, ShapeShift, Ausum Blockchain Fund LP, Mainframe founder Mick Hagen, Coefficient Ventures partner Chance Du, early Dropbox …

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Decentralized cloud startup Dfinity just raised $102 million to further its work in developing an “internet computer,” TechCrunch reported Wednesday. Venture capital firm Andreessen Horowitz’s new a16z Crypto branch and Polychain Capital lead the funding round for the Switzerland-based project, which is working to build a decentralized cloud computing platform. Dfinity also saw investments from Multicoin Capital, …

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Yet another stablecoin is attracting big investors. Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a $32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat …

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Crypto mining giant Bitmain may be losing its advantage in developing miners amid other potential cash-flow issues, according to a new report. Analysts with research firm Alliance Bernstein said the company’s “cash flow appears to be questionable and the company may be gradually losing technological edge” in a report published Wednesday. The researchers note that …

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A team led by a former Google staffer is taking aim at the online advertising giant. Called Atlas Protocol, the startup believes that the data accumulating on blockchains today can be used to better market to internet users tomorrow, an idea that has already received validation from some of the biggest names in Asian business. …

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A cryptocurrency dealer setting out to provide trading services for institutional investors has closed a Series A funding round of $22.7 million. Called SFOX, the platform announced on Thursday that its new equity financing was led by Tribe Capital and Social Capital, and has backing from Airbnb co-founder Nathan Blecharczyk, Y Combinator, Danhua Venture Capital, Digital …

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Blockchain investment firm Pantera Capital has launched a new crypto fund with a capital commitment of over $71 million already in place, according to public documents. A filing submitted by the company to the U.S. Securities and Exchange Commission (SEC) on Wednesday indicates that the new investment scheme, called Venture Fund III, started its first …

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