Investment & Financing Vol 7: 22.03.2021

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2021-04-01 04:52:40

Series “Investing & Financing” is posted every week, listing some outstanding projects that raised capital in the past week.

Table of contents articles

    1. Blockchain.com completed a $ 300 M fundraising, valued at $ 5.2 B after the fundraising
    2. Starkware is complete with Series B for $ 75 M
    3. Solana Foundation partnered with OKEx and MXC to set up a $ 40 M ecosystem investment fund
    4. Sardine, a digital fraud prevention solution created by former Coinbase employees, successfully raised $ 4.6 M
    5. Covalent ended a Strategic round with $ 2 M
    6. NFT WHALE completed a $ 1.5 million grant, led by Galaxy Interactive
    7. Polkamon, a digital acquisition project, successfully raised $ 740,000 in Strategic rounds
    8. Charm Finance calls for seed round capital
    9. BitClout revealed a list of investors, including Sequoia Capital, a16z, DCG and Coinbase Ventures, etc.
    10. Nifty’s raised capital with the participation of Mark Cuban and Joseph Lubin
    11. Conclude

Blockchain.com completed a $ 300 M fundraising, valued at $ 5.2 B after the fundraising

According to a report from the Wall Street Journal, leading crypto exchange and wallet provider Blockchain.com has completed a $ 300 M grant. Entities involved in the investment include: DST Global, Lightspeed Venture Partners and VY Capital. After this funding round, the company’s valuation reached $ 5.2 N.

Research company CB Insights said that this is the third largest capital call in the history of the Blockchain industry. Earlier, in 2018, Bitmain raised $ 400 M; in 2020, Bakkt will raise $ 300 M; In 2020, BlockFi can raise $ 350 M. And this 2021 we have Blockchain.com, we can raise $ 300 M.

Earlier in February, Blockchain.com also announced that it had completed a $ 120 million strategic funding, with participating investors including Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries. , Rovida Advisors, Lightspeed Venture Partners, Google Ventures, Lakestar, Eldridge, etc.

For information about this fundraising round of Blockchain.com, please see more here.

Starkware is complete with Series B for $ 75 M

Starkware, a platform that helps solve scalability and security issues of blockchains, announced the completion of a Paradigm-led $ 75 M Series B round-off fundraising.

Other VCs also participating in the investment in this phase include: Three Arrow, Alameda Research Pantera Capital, Sequoia, Founders Fund, DCVC, Wing.

Previously, StarkWare completed 2 investment rounds of $ 6 M and $ 30 M in January 2018 and October 2018.

Solana Foundation partnered with OKEx and MXC to set up a $ 40 M ecosystem investment fund

Solana Foundation is the Grant program for projects involved in development on Solana. In the past time, there have been more than 50 projects developed on this platform. Strategic partnership with OKEx and MXC, will help accelerate development on Solana.

For details on the sponsorship between the parties, please see more here.

Sardine, a digital fraud prevention solution created by former Coinbase employees, successfully raised $ 4.6 M

Sardine, a digital fraud prevention solution, announced that they have completed the $ 4.6 million seed round, led by XYZ Ventures, other investment institutions 11.2 Capital, Village Global and Coinbase Ventures, and 25 angel investors.

Sardine has launched the first fraud prevention service in its form (FaaS) for digital businesses. The goal is to detect all types of financial crimes, from identity fraud at the time of account opening to payment fraud at the time of the previous account issue.

Sardine’s Co-Founder and CEO, Soups Ranjan, previously worked at Coinbase.

Details of the investment, please see more here.

Covalent ended a Strategic round with $ 2 M

Covalent, a decentralized project that supports API connectivity with Bblockchains, makes it possible for people to query for data, has announced the end of the Strategic round with $ 2 M calling.

Participating funds include Binance Labs, Coinbase Ventures, Delphi Ventures, Hypersphere Ventures, Hashed, and several other partners in the ecosystem.

This raise will help speed up the product, launch a decentralized version of the Covalent API.

NFT WHALE completed a $ 1.5 million grant, led by Galaxy Interactive

The project to collect rare NFTs, NFT WHALE announced a successful fundraising of $ 1.5 M. The participating investors include: Galaxy Interactive, Metapurse, HashKey, D1 Ventures and SevenX Ventures.

Part of the fundraising will be used for activities in the $ WHALE community, and part of it is reserved for the $ WHALE Vault.

Information about the fundraising round of the NFT WHALE project, see here.

If you still do not understand what NFT is and the highlights that make NFT so valuable, please refer to the article: NFT Pandora – A Guide to NFT 2021

Polkamon, a digital acquisition project, successfully raised $ 740,000 in Strategic rounds

Polkamon, a collectible NFT project supported by Moonrock Capital and Morningstar Ventures, announced the completed project called for $ 740,000 Strategic rounds.

Other institutions participating in the investment include DFG, Ascensive Assets, Divergence Ventures and Carnival Ventures.

Polkamon is a Game Collections project, with a graphic image of Polkamons shaped with Blockchain technology, each Polkamon has really unique NFT support and can be purchased with PMON.

For details about the Polkamon fundraising round, watch it here.

Charm Finance calls for seed round capital

Charm Finance, a decentralized Options platform, announced the end of the seed round with participation from Divergence Ventures, DeFiance Capital and Delphi Ventures. The specific investment amount has not been disclosed.

Previously, the Charm Finance platform had a remarkable growth, the transaction volume reached $ 3.8M. The project also announced that the plan to launch the Charm management token will also be launched soon.

BitClout revealed a list of investors, including Sequoia Capital, a16z, DCG and Coinbase Ventures, etc.

Social networking platform BitClout recently revealed the list of investors in BitClout in an email to Coindesk.

VCs participating in the investment include: Sequoia Capital, Andreessen Horowitz (a16z), Social Capital, China Ventures, Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, DCG (parent company CoinDesk), Huobi, Variant, etc.

Several VCs on this list have confirmed that they have invested in BitClout, but they both refuse to disclose specific information about the amount invested.

Nifty’s raised funds with the participation of Mark Cuban and Joseph Lubin

Nifty’s, a dedicated social media platform for NFTs has completed its fundraising round, investment details are not disclosed.

Investors participating include Mark Cuban, Joseph Lubin, 0xb1, Draper Dragon, Polychain, Tally Capital, Liberty City Ventures and Fred Blackford and Biz Stone, co-founders of Twitter and Medium.

The project is expected to officially launch at the end of this spring.

Read more: NFTs: What are the new art trends of artists?

Conclude

A lot of major investments have taken place over the past week, most notably the Blockchain.com investment with an investment of up to $ 300 M, the third largest investment in the history of the Blockchain industry.

Hopefully, through this article, you will have an overview of the projects raised capital in the past week. See you all in the next week of Investing & Financing.

Disclaimer: All information in this article is intended to provide readers with the latest market information and should not be considered investment advice. Investing Crypto is a very risky investment, readers need to learn carefully before investing and should only participate with possible loss of capital.

#dautu_taitro #solana #NFT #PMON

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#Investment #Financing #Vol

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