Dragonfly Capital raises $650M in tertiary funding round
Dragonfly, a well-established figure within the venture capital scene, will utilize the capital to invest in early- to mid-term projects within the crypto ecosystem. Dragonfly Capital, a prominent venture capital corporation operating in the cryptocurrency sector, has announced its third funding round, valued at $650 million. The figure surpasses its two prior rounds of $100 million in October 2018 and $200 million in December 2020.The $650 million raise saw participation from Tiger Global, KKR, Sequoia China and Invesco, among others, and arrived at slightly higher than the $500 million....
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PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and The Spartan Group. Other backers were Morningstar Ventures, Vendetta Capital, TRGC, Genesis Block, Woodstock and Rarestone alongside Ava Labs and leading liquidity provider Skynet Trading. Built on Avalanche’s highly scalable....
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....
Animoca has raised $65 million in its latest funding round, with more than 43.8 million of newly issued shares to be distributed to investors at a price of $1.51 per share. NFT-game and virtual property developer Animoca Brands has doubled its valuation to $2.2 billion after closing a new funding round that fetched $65 million. The latest funding round was conducted at a pre-money valuation of $2.2 billion, and included backing from gaming giants Ubisoft Entertainment along with Liberty City Ventures, Sequoia China, Dragonfly Capital to name a few.It’s more vindication for a company that....
The Singapore-based Cabital digital assets institution has received a significant boost following the successful conclusion of its seed funding round. The fundraising round witnessed marquee investors led by SIG, Dragonfly and GSR infuse $4 million in working capital, effectively pushing the company’s valuation to $40 million. The influx of fresh funds into the company will […]
Vancouver, British Columbia, Canada, August 18, 2021 — Highstreet, the world’s first commerce-centered metaverse with a DeFi marketplace for limited edition products, has raised $5 million in funding. The funding round was led by both crypto and traditional VCs, including Mechanism Capital, NGC Ventures, Palmdrive Capital, Cherubic Ventures, Jump Trading, GBV, Panony, and Shima Capital. […]