Blockchain incubator valued at $100M following NGC Ventures-led Series A
PANONY, a Hong Kong-based investor and consulting agency, is prioritizing Web3 startups for its incubator program. Blockchain-focused incubator and adviser PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, putting the company on track to expand its portfolio and geographic presence. Although the funding terms weren’t disclosed, the Series A gave PANONY a valuation of $100 million, the company reported Monday. The Hong Kong-based PANONY said it would use the funds to expand into other jurisdictions, launch new service offerings....
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The Ethereum software firm Consensys has announced the incubator has raised $450 million in a Series D funding round led by Parafi Capital. The latest financing brings the company’s valuation to over $7 billion, following the $200 million Series C raise Consensys secured last November.
Consensys Raises $450 Million, Proceeds From the Round Will Be Converted to Ether
The Ethereum software and incubator firm Consensys has revealed it closed a $450 million Series D led by the venture capital firm Parafi Capital. The financing round also saw participation from Third Point,....
Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, Blockchain Capital, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those […]
In order to accelerate the growth and advancement of key ventures in Solana’s blockchain ecosystem, five strategic investment funds totaling $100 million have been launched. 5 New Funds Bring $100M According to the company’s press release, the new funding will go toward projects for the Asian market that are being developed on Solana’s blockchain, with […]
Singapore-based institutional investor NGC Ventures, which focuses on venture funding for blockchain-based projects, has announced a new ecosystem fund dedicated to Web3 projects and highlights increased investor demand for startups driving the decentralized internet. NGC Metaverse Ventures, the firm’s third blockchain fund, raised $100 million from investors as it looks to help projects build and […]
A startup seeking to use the Ethereum blockchain and artificial intelligence to create an identity authentication system has been accepted into REach, an incubator backed by the investment arm of the National Association of Realtors (NAR). Founded in 2015, Trust Stamp is now emerging from stealth mode, revealing $400,000 in funding for what it calls its FICO-like trust scoring system, with part of its funding coming from the REach incubator. The incubator is operated by Second Century Ventures, which is 100% owned by the NAR and conducts investments on behalf of the not-for-profit trade....