Blockchain.com raises $120M funding round to grow institutional business
Blockchain.com is continuing its institutional pivot with the new cash injection. Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others. The funding will be used to bolster Blockchain.com’s growing Institutional Markets business. The company recently expanded its suite and began offering crypto custody, trade execution and lending services tailored for institutional investors. Blockchain.com’s main....
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Blockchain.com said the institutional backing will power an increasingly institutional-minded business.
Factom, a startup that developers solutions that leverages the bitcoin blockchain has raised $4.2 million in a new round of funding led by Tim Draper of Draper Associates. Factom Inc., a blockchain technology company that has previously revealed major projects such as creating land titles via the bitcoin blockchain in Honduras, has announced a Series A round of equity funding for $4.2 million. Led by Tim Draper of Draper Associates, the funding round will further help in bringing in new personnel and in the development of Factom software that leverages the bitcoin blockchain for real-world....
Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led by Paradigm, with participation from Fireblocks’ existing investors – Galaxy Digital, Digital Currency Group, Cyberstarts, Tenaya Capital, Swisscom, and Cedar Hill Capital, according to a company statement. “With the new injection of capital, we will be able to continue to grow our....
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The funding round was led by A16z and Paradigm, with the former also having invested during the previous funding round. The scaling solution reached a valuation of $1.65 billion with this fund injection, reaching well above unicorn status.
Optimism Gets Backing to Keep Growing
Optimism, a solution that allows for transacting on Ethereum with low fees, has scored a $150 million investment in its Series B funding....
Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.We’re excited to announce the....