Ethereum L2 StarkWare Completes Sequoia Led Funding Round And Secures $50M
Per a press release, Ethereum second layer solution StarkWare has completed a $50 million Series C funding round led by Sequoia Capital. A few months ago, the company conducted a Series B round securing $75 million. Thus, the company has an estimated value of $2 billion. Related Reading | Ethereum Fees Spike Significantly Following Success […]
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Sequoia Capital led zk-Rollup protocol StarkWare’s Series C funding round. Israel-based StarkWare announced on Tuesday via Twitter that it had raised $50 million in a Series C funding round, and that the firm’s valuation is now at $2 billion. Sequoia Capital was the lead investor, among other contributors. Seven months ago, StarkWare raised $75 million in a Series B funding led by Paradigm.We are excited to announce our Series C of $50M at $2B. A big thanks to our lead investor, @sequoia, our wonderful follow-on investors, and the dozens of ecosystem partners and collaborators who....
Venture capital firms allocated $25.2 billion towards blockchain and cryptocurrency projects in 2021, the highest on record. American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.Bloomberg reported Thursday that Sequoia is allocating up to $600 million towards the new sector-specific fund. Shaun Maguire, a partner at Sequoia, described crypto as a “megatrend over the next 20 years” and called it “the future of money.”The new crypto fund is part of three new....
Scalability is a hot investment as VCs and retail pour into rollup and sidechain solutions As Ethereum gas fees soar and the demand for scalability reaches fever pitch, layer-two scaling solution has announced today a $75 million Series B funding round led by Paradigm, Three Arrows, Alameda Research, Pantera Capital, and Sequoia, among others. The team announced the raise in a Tweet:Announcing our $75M Series B, led by @paradigm, with new investors (Three Arrows & @AlamedaResearch), and old ones too (@PanteraCapital, @sequoia, @foundersfund, @DCVC, @Wing_VC).— StarkWare....
Stripe, a provider of a payment interface that allows companies to accept bitcoin, will be valued at $9.2 billion when a new funding round adding $150 million completes, according to MarketWatch. Other fintech firms and some Silicon Valley tech startups have struggled to maintain their valuations. The share price for Square Inc., for instance, has stagnated since that company went public in 2015. General Catalyst Partners and Capital G., an investing arm of Alphabet Inc., co-led the funding round, which also included Sequoia Capital. Michael Moritz, a Sequoia Capital partner, said it was a....
TradeStars, the first fantasy stocks platform on Ethereum just announced it has completed its strategic investment round, raising funds for further development of the platform. TradeStars made the announcement on Apr. 22, after successfully raising $1.67 million through a privately held funding round. This round was led by AU21, Block Dream Fund, and LD Capital […]