Venture Capital

Funding Rounds

Jay-Z, A16z Back $19M Funding Round for NFT Platform Bitski

Jamie CrawleyMay 6, 2021

Describing itself as the “Shopify for NFTs,” Bitski aims to provide an easy platform for brands to sell digital goods.

Multicoin Capital

Multicoin Raises $100M for New Crypto Venture Fund

Danny NelsonMay 4, 2021

The Texas-based crypto investment firm has lined up another nine-figure venture fund in its search for explosive blockchain startups.

ConsenSys

Lubin, ConsenSys Vets Raising $75M Venture Fund, Documents Show

Danny NelsonMay 12, 2021

Ethereal Ventures has already started joining investments in early-stage blockchain startups. Other details are sparse.

Coinbase

A16z to Launch $1B Crypto Venture Fund

Zack SewardApr 30, 2021

The Silicon Valley VC giant is going big for its third crypto venture fund, the Financial Times reported Friday.

Paxos

Paxos Raises $300M, Joins Crypto Unicorn Club at $2.4B Valuation

Zack SewardApr 29, 2021

The back-end provider for PayPal and Venmo is raising “confidence capital” to expand operations, said CEO Charles Cascarilla.

Venture Capital

DeFi

Bumper, a DeFi-Based Crypto Volatility Protection Plan, Raises $10M

Ian Allison

The project shields users from crypto’s dips. Under the hood, it’s all about DeFi.

Alchemy

‘AWS for Blockchains’ Alchemy Closes $80M Funding Round at $505M Valuation

Ian Allison

Alchemy powers most of DeFi and almost all the big NFT platforms. The round was co-led by Coatue Management.

Venture Capital

Volt Capital Unveils $10M Fund Backed by CMT Digital, Balaji Srinivasan

Danny Nelson

Soona Amhaz’s venture firm has been quietly making equity plays across the crypto space for seven months.

Overstock

Overstock Completes Deal to Convert Medici Ventures Into Fund Managed by Pelion

Tanzeel Akhtar

The deal is part of Overstock’s plan to exit its blockchain-related investments.

Coinbase Listing

This VC Gave Coinbase Its First Check

Ian Allison

Initialized Capital’s Garry Tan first came across Coinbase founder Brian Armstrong when the latter was still at his day job debugging Airbnb.

Coinbase Listing

Rap Icon Nas Could Net $100M When Coinbase Lists on Nasdaq

Ian Allison

Nasir Jones’ QueensBridge Venture Partners invested in 2013. A source familiar with the matter confirmed QueensBridge is still on the Coinbase cap table.

Coinbase Listing

Communitas Capital’s ‘Infrastructure-First’ Investing Approach Is Paying Off With Coinbase and Others

Ian Allison

Ex-Reuters CEO Tom Glocer was an angel investor in Coinbase’s 2015 Series C round. Here are the other crypto VC bets his Communitas Capital is making.