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Funding Rounds


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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Peer-to-peer cryptocurrency exchange AirTM has raised $7 million in a Series A funding round. The Mexico-based startup, which seeks to help individuals conduct transactions and bypass traditional banking services, revealed the news Wednesday, saying it will direct the funds toward growing its reach across various markets in South America. In particular, the firm intends to …

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Tencent Holdings and SoftBank Group are both disputing their involvement in a widely reported pre-IPO investment round for Chinese cryptocurrency mining giant Bitmain. Reports on the firms’ participation in the funding effort first emerged among Chinese media in early August. Soon after, several outlets including CoinDesk, TechCrunch and other media platforms cited the reports in …

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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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Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others. The round raises Axoni’s total venture capital funding to over $55 million to date, …

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In-development decentralized payments platform Logos Network has successfully raised $3 million in seed funding, the startup announced Thursday. Led by ZhenFund, the round also saw participation from Digital Currency Group, INBlockchain, Blockwater Capital, Global Blockchain Innovative Capital, AlphaBlock Capital and AlphaCoin Fund, according to a press release. Logos is working to build a payments network …

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A public blockchain project founded by the former head of Alibaba’s blockchain team has raised over $20 million from institutional investors in a combined token and equity sale. Called Ultrain, the startup announced Monday that leading investors in the round included token funds, such as Draper Dragon, FBG Capital, DanHua VC and Arrington XRP Capital, as well …

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Blockchain startup Nervos Network has announced it raised $28 million in a Series A funding round. The company said on Wednesday major investors in the new round include token hedge fund Polychain and venture capital firm Sequoia China as well as several China-based blockchain startups such as wallet services Bixin and imToken. Nervos said the …

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A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding. Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain. Individual …

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Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5 billion Chinese yuan ($234 million) Series B funding round. According to an announcement from Qulian on Sunday, the news comes just a week after the deal’s lead investor Xinhu Zhongbao, a Shanghai-listed real estate and finance firm, first disclosed its plan …

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Blockchain startup Paxos has closed a $65 million Series B funding round led by existing investors including Liberty City Ventures, RRE Ventures and Jay Jordan. The firm, which rebranded from itBit in 2016, has now raised a total of $93 million to date, according to a release. Paxos said it aims to use the new funds to scale …

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Supply chain management firm Tradeshift has announced plans to further expand into blockchain following a $250 million Series E funding round led by Goldman Sachs and PSP Investments. The round, which also saw HSBC, H14 and others participate, brings Tradeshift’s total funding to more than $400 million and values the firm at $1.1 billion, according to …

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U.S.-based mobile stock trading app Robinhood has announced a $363 million series D funding round that it says will allow the firm to expand its cryptocurrency trading service nationwide by end of 2018. According to a statement published on Thursday, the funding round values the firm at $5.6 billion and was led by DST Global, with …

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Blockchain platform provider Kadena has raised $12 million through a Simple Agreement for Future Tokens (SAFT) sale. Announcing the successful round on Thursday, the startup said that participants included Devonshire Investors, the private investment arm of the owners of Fidelity Investments, as well as SIG, Asimov Investments, Multicoin Capital and SV Angel. Based on the …

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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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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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A fixed price coin whose value increases over time? Only in crypto. Coming out of stealth mode Monday, crypto project Fragments is revealing that it has raised a $3 million venture round led by True Ventures, with additional participation by Pantera, FBG Capital, Founder Collective and Coinbase CEO Brian Armstrong. Co-founded by Pythagoras Pizza founder Evan …

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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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The developers of the Algorand blockchain protocol have raised $4 million in seed funding. The funding support came from venture capital firms Pillar and Union Square Ventures, the startup behind the protocol announced today. Algorand constitutes a digital currency and transaction platform, with its underlying protocol co-authored by MIT professor and Turing Award winner Silvio Micali. As …

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