Co-led by Tiger Global Management and Coatue Management, the VC funding will inject funds worth $400 million into the bootstrapped company.
Venture Capitalist News
Venture Capital’s definition is a financing strategy of investors that provide capital for small startup companies to gain benefit from their growth in a long term. Venture capital is risky, as only a minority of startups gain financial success, but the payoff of the successful ones remains very attractive for venture capitalists. Venture capital is sometimes the only way for new companies to raise money, as they don’t have a long enough operating history to be founded in public markets and might not be able to secure a bank loan. A healthy venture capital system helps to develop a technologically advanced economy by financing promising projects. Venture capital is often used for fintech and innovation-based business. Many IT startups gained financing for their blockchain and cryptocurrency projects with venture capital.
- 4241
Bitkraft’s new $75-million token fund has already closed investments in six different projects.
7048Released in 2017, L.O.L. Surprise doll was MGA’s best-selling U.S. toy property for three consecutive years.
7846Decentralized finance is approaching $200 billion in total value locked, with DEXs accounting for a significant share of the market.
3097Emile Dubié, CEO of XDEFI, is building a new browser wallet with Web 3 capabilities. XDEFI currently has nine blockchain integrations.
5341The venture fund led by David Gan is backed by Digital Currency Group, Galaxy Digital, Huobi Ventures, Bybit's venture arm and others.
3306Africa has emerged as a bastion for cryptocurrency adoption. Venture capital is looking to capitalize on the growing trend.
3898In the venture capital world, a privately-held startup company becomes a “unicorn” when its valuation exceeds $1 billion.
2044Despite a blanket ban in China and regulatory crackdowns on exchanges in Korea, Asia remains a hotbed for crypto investments.
3451Several prominent investors took part in the Orca fundraiser, including Three Arrows Capital, Polychain and Coinbase Ventures.
7564Blockchain-based startups continue to account for a significant proportion of newly established business entities across the globe.
4541The advent of the blockchain-driven economy is attracting a new demand for operational intelligence and monitoring services.
2954AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding for the rapidly expanding Avalanche ecosystem.
12850Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO.
7599The smart contracts platform has made substantial progress within the DeFi space since its launch last year.
4819