Venture Capital

Paxos

Paxos, Firm Powering PayPal’s Crypto Service, Raises $142M

Zack SewardDec 17, 2020

Paxos has raised $142 million to facilitate mainstream adoption. “We think that opportunity is now,” said CEO Charles Cascarilla.

Israel

How Israeli VCs Are Doubling Down on DeFi Startups

Leigh CuenDec 15, 2020

The three co-founders of Collider Ventures agree Israel’s vibrant crypto industry waned, yet didn’t fizzle, throughout 2020.

Venture Capital

South Korea’s Hashed Raises $120M Venture Fund for Crypto Deals

Brady DaleDec 23, 2020

Hashed Ventures has raised $120 million for a fund that will be focused on a new era of distributed networks.

Venture Capital

Bloccelerate VC Raises $12M Fund to Bet on Enterprise Blockchain Adoption

Doreen WangDec 14, 2020

The Seattle-based firm plans to invest in 10-15 ventures in the blockchain space over the next two to three years.

Developers

Ethereum Far Outpaces Bitcoin in Developer Activity in 2020: Electric Capital Report

Brady DaleDec 10, 2020

The number of developers in crypto is ticking up again, and one network remains a clear winner in attracting coders.

Venture Capital

Lukka

S&P, State Street Back $15M Investment in Crypto Data Startup Lukka

Danny Nelson

Lukka is looking to go mainstream with a strategic investment from three stalwarts of traditional finance.

Chainalysis

Chainalysis Sees Raising $100M in Venture Capital at $1B Valuation: Report

Kevin Reynolds

Cryptocurrency investigation firm Chainalysis expects to raise $100 million in venture capital at a $1 billion valuation as early as next week, the company told Forbes.

Derivatives

Y Combinator, Pantera Back $3M Investment in New Crypto Derivatives Exchange

Doreen Wang

Globe announced a $3 million funding round from the likes of Pantera Capital, Y Combinator, Tim Draper and others.

DeFi

DEX Aggregator Rebrands to Slingshot After Raising $3.1M From Coinbase Ventures, Others

Brady Dale

Slingshot exists in an increasingly crowded field of DEX aggregators including 1inch, ParaSwap, Matcha and even MetaMask.

NFTs

Mintbase Raises $1M Seed Round to Bring NFTs to NEAR Protocol

Doreen Wang

The new funding allows Mintbase to hire developers and designers to prepare for a testnet launch on NEAR before year's end.

Crypto Custody

Digital Asset Firm Fireblocks Raises $30M to Gird for ‘Influx in Customer Demand’

Doreen Wang

Fireblocks plans to maintain its standing as “the biggest player in crypto-native markets” but also wants to go after institutional players.

Startups

Blockchain Startup Raises $12M Series A to Turn Brands Into Cellular Networks

Ian Allison

Blockchain startup OXIO raised a $12 million Series A to make “Telecom-as-a-Service” as common as SaaS.