Offline Travel App Maps.Me Raises $50M in Funding Round Led by Alameda Research
The funding will go toward the launch of a multi-currency wallet on Maps.me, enabling decentralized finance (DeFi) features for 140 million users.
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A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform. Leading offline mapping application Maps.me has conducted a $50 million seed funding round to embed decentralized finance tools onto its platform.The funding round for “Maps.me 2.0” was led by Sam Bankman-Fried of Alameda Research and also featured participation from crypto venture heavyweights CMS Holdings and Genesis Capital.Maps.me 2.0 will be a wide-ranging application, featuring travel guides, hotel bookings and mapping services, in....
Alameda Research is going all-in on a travel app to jumpstart DeFi adoption How much are 140 million users worth? After a $50 million direct investment in travel app Maps.me earlier in the year, Alameda Research has announced today a $40 million investment in decentralized finance protocol Oxygen, a Solana-based lending platform that will plug into the app. Similar to lending protocols such as Aave and Compound, “Oxygen will first offer borrow-lending services via pools, in which users will deposit their assets and leverage Serum’s on-chain infrastructure to lend according to their desired....
The investment will reportedly allow Reef to implement more cross-chain integrations with Serum and Raydium on Solana. After investing in travel app Maps.me and decentralized finance protocol Oxygen, Alameda Research will be putting $20 million into Reef Finance, the Polkadot-based DeFi platform.According to Reef Finance, Alameda Research will be purchasing $20 million worth of the firm’s native tokens, REEF — roughly 528 million at the current price of $0.03787. The investment will reportedly allow the two companies to collaborate on technology and strategy “in the near future.” Reef CEO....
Earlier on Monday, Parallel Finance announced that it had raised $22 million in a Series A funding round. The investing round for the Polkadot-based DeFi protocol was led by Polychain Capital, alongside Alameda Research, Blockchain Capital, Blockchain ventures, Slow ventures, Lightspeed venture Partners, and CMT Digital, among others. 📢 We just raises $22 Million in […]
Updated with comment from BitFury CEO Valery Vavilov. BitFury has raised $20m in additional funding to complete development of its 28nm ASIC chip capable of achieving energy efficiency of 0.2 joules-per-gigahash (J/GH) and first announced in September. The pre-Series B round marks the second time this year BitFury has raised $20m in new funding, following its initial Series A in May. The funding was largely contributed by existing investors including venture capitalist Bill Tai, current BitFury board member and former VeriFone CFO Bob Dykes and the Georgian Co-Investment Fund. Google Maps....