Indian blockchain firm 5ire secures $100M to fund sustainability-focused project
An Indian development firm looks to create a bridge between sustainability and blockchain technology with a proprietary layer-1 protocol incentivizing the use of United Nations sustainable development goals. An ambitious sustainability-based blockchain project has secured $100 million in a Series A funding round to drive its development.Indian entrepreneurs Pratik Gauri and Prateek Dwivedi have spearheaded the foundation of a fifth-generation blockchain network known as 5ire, which looks to incentivize the implementation of United Nations' sustainable development goals (SDGs) for users of....
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Level One blockchain network, 5ire, has joined the unicorn club after raising $100 million at a valuation of $1.5 billion in Series A round. It received the funding from UK-based conglomerate SRAM & MRAM Group which made 5ire India’s 105th unicorn. 5ire which is a blockchain company that was founded in August last year, is […]
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 […]
Venture firm Blockchain Capital has closed its second investment fund for bitcoin and blockchain technology startups after raising $13m. According to Forbes, the fundraise was oversubscribed, having had an original target of $10m. The announcement follows Blockchain Capital's $7m fund, revealed last June. The firm said that it drew from the second fund over the course of 2015, using the proceeds to make investments in 23 startups focused on bitcoin and blockchain projects. Brad Stephens, managing partner for the firm, said in a statement: "We are excited to announce the closing of our....
The startup fund, which is backed by Babel Finance and Huobi Ventures, will back emerging projects that are building for the Web3 and metaverse economies. Crypto-focused venture firm NGC Ventures has launched a new ecosystem fund dedicated to Web3 projects, underscoring heightened investor demand for startups that are contributing to the development of a decentralized internet. NGC Metaverse Ventures, the company’s third blockchain fund, raised $100 million from investors that included Babel Finance, Huobi Ventures, Nexo Ventures, Altonomy and GBIC. The fund will allocate capital towards....
Blockchain Capital has attracted investment from PayPal, Visa, and other investors to the tune of $300 million for its Fund V LP. PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital.In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP.According to the release, Fund V, capped at $300 million was oversubscribed with numerous investors including college endowments, family offices, and pension funds participating in the capital raise.As part of the announcement, Blockchain....