Near Protocol, a San Francisco-based platform for developing decentralized applications, has raised $12.1 million in venture capital.
Hedge Fund Metastable Capital and venture firm Accomplice led the oversubscribed round.
Near is developing, but hasn’t yet launched, the NEAR Protocol, a “sharded,” proof-of-stake blockchain.
Blockchain data startup dfuse has just closed its first official round of equity funding.
Led by Multicoin Capital and Intel Capital (a division of Intel Corporation), the seed funding saw the Montreal-based firm raise $3.5 million for its line of products geared towards demystifying blockchain data.
According to a press release provided to CoinDesk on Wednesday, other notable backers of the round included the VC funds Diagram Ventures, BoxOne Ventures, Panache Ventures and White Star Capital.
Block.one, the company that built the EOS blockchain, is in the middle of another equity buyback in order to bring on more strategic investors, a source familiar with the matter told CoinDesk.
The company has previously conducted equity buybacks in order to resell those shares to new investors that it sees as helpful to its business, the source explained.
The source declined to provide further details about who would be joining Block.one’s list of backers.
Still, it’s helpful to revisit a previous instance of Block.
Ben Davenport has joined the team at Blockchain Capital as a venture partner, CoinDesk has learned.
Davenport has deep roots in technology and cryptocurrency. He founded Beluga, which was acquired by Facebook in 2011 and became Facebook Messenger. Then he joined BitGo, an early bitcoin startup providing security solutions, as a co-founder in 2014.
It raised $35 million in less than a minute in 2017, but Brave is now seeking more funding.
The privacy-centric internet browser is raising a Series A equity round, three sources with knowledge of the situation tell CoinDesk. Brave is looking to raise $30–$50 million at a valuation of roughly $133 million, the sources say.
InfStones, a Silicon Valley staking startup, has raised a $2 million seed round to expand its block-producing capacity in proof-of-stake (PoS) networks.
The company said in an announcement on Wednesday that leading investors in the round include venture capital firms such as Danhua VC (DHVC) and Plug and Play Ventures, which is known for investing in the early stages of PayPal and Dropbox.
InfStones, which was founded in 2018 and operates as a full node and block producer for PoS blockchains, said it will use the new equity financing to expand its existing five-person team and bring its service to additional PoS chains.
ConsenSys is restructuring as it seeks to raise $200 million.
The ethereum-centric conglomerate’s ConsenSys Ventures arm, originally founded in September 2017 with a $50 million war chest from founder Joseph Lubin, is now being combined with other sectors of the ConsenSys “mesh,” including the Tachyon startup accelerator and ConsenSys Labs.
ConsenSys believes it can become a valuable company, provided it can get through the next year.
As The Information first reported Monday, the company is seeking approximately $200 million in new investment. However, ConsenSys also projects $152 million in expenses in 2019, with $52 million in revenue, for an estimated $100 million cash burn, according to an investor deck obtained by CoinDesk.
ConsenSys is seeking a funding boost.
Ethereum co-founder Joe Lubin’s Brooklyn-based venture studio is looking to raise $200 million from external investors, The Information reported Monday, at a valuation of $1 billion.
The Information reports that ConsenSys is pitching Chinese investors with materials claiming the company aims to earn $50 million in revenue this year, primarily from contracts with enterprise and government clients.
One decentralized finance entrepreneur is on the hunt to back young companies using institutional cash.
Robert Leshner is the founder of crypto money market Compound Finance. Separately from that, CoinDesk has learned, he now has a combined million dollars from Bain Capital Ventures and Ripple’s Xpring to write extremely early-stage checks to very new companies.
A blockchain that makes its blocks disappear has raised a fresh $15 million.
Coda protocol, announced last May as the first project of the startup O(1) Labs, was initially backed by a seed equity round from MetaStable, Electric Capital, Polychain and AngelList co-founder Naval Ravikant. Now, investors Accomplice, Coinbase Ventures, Paradigm and General Catalyst are pumping an additional $15 million into the startup.
A new $50 million VC fund has been set up by Nasdaq-listed company Okta to invest in early-stage technology startups, including those working with blockchain.
Okta, which provides identity management solutions, announced the Okta Ventures Fund Wednesday, adding that it has made its first investment in blockchain-based identity startup Trusted Key.
Bucking the 2019 trend of fundraising on equity, one startup has completed a substantial token presale.
Harmony announced Tuesday that it raised $18 million from an array of investors that includes Hong Kong’s Lemniscap VC, Australia’s BCA Fund, Singapore’s UniValues Associates and Silicon Valley’s Consensus Capital, among others.
Co-founder Nick White told CoinDesk that selling tokens was the only path that made sense, because “our long-term vision is to create a decentralized protocol.
Billionaire investor Steven Cohen, once dubbed the “Hedge Fund King,” has reportedly entered the crypto space.
According to a Fortune article published July 12, Cohen has invested in cryptocurrency-focused hedge fund Autonomous Partners through his VC firm Cohen Private Ventures.
Autonomous Partners was founded last December by Arianna Simpson, a venture capitalist with a history in the bitcoin space, including a time at bitcoin wallet startup BitGo.
Investors in the blockchain space have a message for U.S. regulators: clarity is needed.
During CoinDesk’s Consensus 2018 conference on Monday, this idea was put forward by Future/Perfect Ventures founder and managing partner Jalak Jobanputra, ARK Invest CEO and chief investment officer Catherine Wood, and ConsenSys founding managing partner Kavita Gupta. Indeed, they all agreed that action in this area is needed – otherwise, innovative startups may look to friendlier shores.
“The faster the SEC moves, the faster it will be for businesses to stay in the United States,” Gupta said.
Switzerland-based blockchain consortium, the Crypto Valley Association (CVA), has added European venture capital firm Lakestar as a strategic partner, the association revealed to CoinDesk this week.
Lakestar has previously dabbled in blockchain, and in 2017 made investments in crypto wallet provider Blockchain and exchange startup ShapeShift.
Fintech has been changing the global investment environment for several years, with new technologies such as cryptocurrencies and blockchain creating new and different opportunities for investors around the world.
Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc., Armat Group and others.
Bitfury is a diversified blockchain company known for its expertise in developing high-performance computing technologies, processing capabilities and advanced blockchain-based solutions for companies and governments, including the development of a blockchain-based land registry in Ukraine.
A blockchain startup focused on know-your-customer (KYC) solutions has raised $1.6 million in a new seed funding round.
Norbloc's round was led by Marathon Venture Capital, a VC firm based in Greece that launched in March. Other participants in the round include Digital Currency Group, Inbox Capital, Back in Black, as well as the founding team of classifieds website Avito, the startup announced today.
Vaultoro, a bitcoin-to-gold exchange, has secured funding from Finlab AG, a fintech company based in Frankfurt, Germany.
Vaultoro co-founder Joshua Scigala stated that the funding from Finlab will allow them to reach their goals faster. The first upgrade the company plans to implement will be a real-time gold-backed debit card. The card will allow the customers of the firm to hold their allocated gold — stored in a high-security Swiss bullion vault — while they can easily spend the funds anywhere Visa or Mastercard is accepted.
The venture arm of one of the most recognizable names in the tech industry hasn't yet put its money where its mouth is on blockchain – but that may be about to change.
While global tech giant IBM has so far focused mostly on investing employee time and energy into the emerging technology, it's only just now gearing up to take an equity stake in an industry startup. In what will no doubt be taken as a sign of the blockchain industry's maturity, for IBM Ventures, investing cash is finally becoming more attractive.
ConsenSys, an Ethereum production studio based in Brooklyn, NY, is launching a $50 million venture arm, and it has picked Kavita Gupta to run it. Gupta’s job will be to oversee the new venture and help structure deals with the startups.
It is not uncommon for companies with investment capital to form their own investment arm. For the most part, the goal is to fund startups that could drive value for the parent company down the line.