Japanese Bitcoin Exchange Launches ¥50 Million Startup Fund
Japanese bitcoin exchange BitFlyer has created a new startup fund aimed at investing in companies working on blockchain technologies. Dubbed the 'Blockchain Angel Fund', the newly created fund has an initial size of ¥50m, or roughly $421,000. BitFlyer said in a press release earlier this week that it will focus on seed-stage investments. The first company to receive support is an app development startup called Savira, based in Osaka, Japan. According to its website, Savira is currently developing a platform for connecting devices via blockchain, and is also working on a mobile app that....
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Japanese exchange Bitflyer has announced a 50 million Yen investment into a new fund which will see Osaka-based IoT startup Sivira as the first company to benefit from the fund. According to the exchange, this is in an effort to support and encourage the growth of blockchain businesses in Japan. Bitflyer has termed this new investment activity, “Block Chain Angel Fund.” Even though this is Bitflyer’s first investment of this type, it sounds as though it will not be their last. In its press release, Bitflyer states that it chose to make the investment in Sivira because of the track record....
The Japanese exchange Bitflyer has announced the company is investing 50 million Yen to help bolster the startup Sivira. The investment which was close to a half of million USD and is a first for the exchange. The press statement says the initial funding created is intended for “nurturing support for blockchain businesses in Japan.” They say the “Blockchain Angel Fund” is expected to increase awareness for Japanese fintech companies which they describe has “gradually intensified but is not enough.” The Minato-ku Tokyo-based Bitflyer wants to show the world it appreciates its fintech....
A bitcoin exchange startup based in Singapore has raised $16m as part of an ongoing Series A round led by a Japanese investment fund. Quoine announced earlier this week that it had raised the funds from investment fund JAFCO, which has confirmed its participation in the round, as well as a group of undisclosed angel investors. The startup is now in the process of moving its headquarters to Japan. Quoine's Series A round isn’t complete, however, as it said it is looking to close another $4m, for a total of $20m, in the coming months. The exchange said it plans to use the funds to build out....
Monetary support is likely the major growth drawback in the Web3 space, as there are several startup projects with clear vision but lacking capital. On that note, Bitget, a Seychelles-based crypto derivatives exchange, has launched a Web3 development-focused fund for crypto startups in Asia. According to the announcement, the fund will kick off with an […]
Leading Japanese bitcoin exchange bitFlyer has revealed the successful completion of a ¥3 billion ($27 million) funding round, the largest funding round ever by a bitcoin and Fintech company in Japan. In a funding round led by Japanese investor SBI Investment and Tokyo-based venture capital firm Venture Labo Investment, prominent Japanese digital currency exchange operator bitFlyer has raised around 3 billion yen ($27 million) in new capital. Shares were issued this week via a third-party to investors including the funds overseen by Venture Labo Investment and SBI Investment. The....