OkCupid Founders Raise $10.8m for New Cryptography Venture
The founders of the online dating site OkCupid has raised $10.8 million for their new cryptography venture. Dubbed as Keybase, the project is an attempt towards introducing public key cryptography, like those used by Bitcoins, to everyone in the world. With doing so, the makers expect to secure online message sharing, as well as to provide passwordless login systems, safer software developments, data backups and collaborations, and easily deletable videos and photos' services. The project however was started with a core aim to introduce encrypted messaging between two parties. As stated in....
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Keybase, a cryptographic message and verification startup, has raised US$10.8 million in a Series A funding round led by Andreessen Horowitz and including angel investors and entrepreneurs such as Reddit co-founder Alexis Ohanian, MakerBot co-founder Bre Pettis and Chain.com CEO Adam Ludwin. Keybase was founded last year as a hobby project of OKCupid co-founders Max Krohn and Chris Coyne, who sold the dating site to Match.com for US$50 million. With this venture, Krohn and Coyne hope to help people obtain public cryptography keys to encrypt and secure information sent via email. The....
The New York City-based bitcoin exchange Coinsetter has filed to raise up to $1.5 million in venture capitalist funding with the United States Securities and Exchange commission. The company's CEO, Jaron Lukasiewicz, said that Coinsetter was only planning to raise $1 million, but would like the flexibility to raise more funding as the exchange prepares to launch to the public. It is currently in private beta. The company managed to raise about half-million USD back in April of this year, and this next round will certainly go a long way in improving the service, which hopes to attract....
The Silicon Valley venture firm is doubling down on blockchain technology, having already supported several crypto startups over the years. Andreessen Horowitz is launching a new crypto-focused fund dedicated to expanding the size and marketability of blockchain projects, offering further evidence that venture funds believe in the staying power of digital assets. Crypto Fund III, a $2.2-billion venture fund co-led by Andreessen Horowitz general partners Chris Dixon and Katie Haun, was officially announced Thursday morning. The fund will be used to finance cryptocurrency networks and teams....
Venture capital firms offer value to startups beyond simply cash. They also bring business experience, broad networks and critical services to the table. This year’s bear market trajectory should be looked upon as a favorable opportunity for Web3 founders to raise capital and build cutting-edge products. Some of the most robust businesses today were built during market downturns, and founders now have a real opportunity to ensure they’re building products and services that meet genuine, real-world needs and look beyond oversized checks to find the most suitable business partnership.....
The game developer’s total valuation is now $1.25 Billion, following a successful raise. Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz.Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement:“Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and have built a world-class team to support their....