Japanese Cryptocurrency Startup Orb Raises $2.3 Million
Tokyo-based startup Orb, the company behind new cryptocurrency management platform SmartCoin, has raised $2.3m in seed funding. Orb, previously known as Coinpass, drew support from various investors including leading Japanese VC firm SBI Investment. The raise brings its total funding to ¥324m (approximately $2.7m). Co-founder and CEO Masa Nakatsu - formerly business development manager at Groupon Japan - told CoinDesk that the funds would be used to release a new version of Orb, currently in private beta, and gain more traction for the business. Nakatsu co-founded the startup in 2014 with....
Related News
Following the startup’s partnership with Gamestop, the Sydney-based blockchain firm Immutable announced it raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio. Immutable Raises $200 Million, NFT Startup Aims to Bolster Gaming Studio On Monday, the blockchain company Immutable revealed it raised $200 million from investors in a Series C funding round. The financing was led by Temasek alongside other participants including Tencent, Animoca Brands,....
Japanese cryptocurrency management service provider and SmartCoin operator Orb has raised US $2.3 million in seed funding from leading Japanese venture capital firms and angel investors including SBI investment. With the new financing, the Orb team plans to allocate its funds to the development of Orb's cryptocurrency management platform, which is currently in private beta. The Orb team will also use the funds to continue the development of their newly launched decentralized cloud computing system, which allows users and developers to authenticate assets and transactions on the blockchain.....
The decentralized finance (defi) portfolio tracking startup Debank raised $25 million from investors according to an announcement on Tuesday. Following the equity financing round, Debank says it has an overall valuation of around $200 million.
Defi Dashboard Debank Raises $25 Million
2021 was a good year for venture capital (VC) entering the crypto and blockchain space. Estimates show that VCs invested roughly $30 billion into the crypto industry. The $30 billion invested in crypto and blockchain is four times larger than the investments made in 2020.
Debank has....
A Japanese blockchain startup has raised ¥720m (or just over $6.5m) in a new Series A funding round. TechBureau, which operates a bitcoin exchange called Zaif and a permissioned blockchain platform named Mijin, netted the investment from a group of investors. Participants in the round included Arara, a financial services firm; online information portal OKWAVE; VC firms Nippon Technology Venture Partners and Hiroshima Venture Capital; and FISCO, a corporate analysis firm. The round also included an existing investor, Money Partners Group, a forex broker that invested in the startup last....
Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors. Juno Raises $18 Million in a Funding Round Led by Parafi Capital, Crypto Startup Reveals Loyalty Token The Web3 crypto startup Juno is a digital currency company that provides clients with the ability to create a checking account by leveraging crypto assets. On October 1, it was revealed that the....