Tagged: venture capital

August 13, 2023 @ 1:52 pm By Omar Faridi  |  

Spearbit, a smart contract audit and security solutions firm with clients such as Polygon, OpenSea, Optimism and more, announced that it “has raised a $7 million funding round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi)… Read More

August 12, 2023 @ 11:25 am By Omar Faridi  |  

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

August 12, 2023 @ 11:21 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project “combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in total value locked… Read More

August 7, 2023 @ 8:43 am By Omar Faridi  |  

Ribbit Capital, a Palo Alto, California-headquartered venture capital firm, has reportedly secured around $800 million as part of its latest Fund. As noted in a regulatory form filed with the US Securities and Exchange Commission (SEC), there are a total of 247 investors that have… Read More

August 6, 2023 @ 4:00 pm By Omar Faridi  |  

Venture funding on Carta inched upward in Q2. Startups combined “to raise more than $15.4 billion in funding during the second quarter of 2023, up 26% from Q1.” In several other areas of the venture landscape, “such as early-stage valuations and late-stage deal counts, the… Read More

August 5, 2023 @ 6:17 am By Omar Faridi  |  

Investment in Australian startups over the first six months of 2023 “fell to US$1.11 billion, compared to US$3.64 billion over the corresponding period in 2022,” according to newly released data from KPMG. The latest numbers from the KPMG Private Enterprise Venture Pulse report shows that… Read More

August 1, 2023 @ 11:55 am By JD Alois  |  

The Baltic states have gained the largest percentage of private equity and venture capital out of the European Union and the UK, according to a recent report. S&P Global Market Intelligence says Latvia, Lithuania, and Estonia had the highest percentages in their respective private business… Read More

July 25, 2023 @ 10:28 am By JD Alois  |  

Global private equity and venture capital deals with a valuation of one billion dollars are more are experiencing their slowest-ever year since 2019, according to S&P Global Market Intelligence. For the year until July 13th, there have been 33 deals at $99.47 billion. During Q2,… Read More

July 22, 2023 @ 3:48 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has invested in Radiant Capital, a lending and borrowing protocol built atop Binance Labs portfolio company, LayerZero Labs, and focused on “bridging fragmented liquidity across decentralized finance ecosystems.” This strategic funding round “emphasizes Binance Labs’… Read More

July 17, 2023 @ 5:28 pm By Omar Faridi  |  

Propellant.digital, the analytics Fintech which captures and analyses global trading activity to drive business decisions, has secured a strategic investment led by Volta Ventures, the seed and early-stage venture capital firm focused on software startups. Since Propellant was launched in mid 2021 its analytics platform… Read More

July 14, 2023 @ 9:07 am By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which is being sued by US regulators for a wide range of issues, has committed $15 million into Xterio, a Web3 game platform and publisher bridging free-to-play and on-chain gaming with in-house and third-party games… Read More

July 10, 2023 @ 5:51 pm By Emily Strack  |  

Venture capital financing plays a crucial role in funding the growth and expansion of startups. However, the path to success is not always smooth, and companies may, at certain points in their lifecycle, need to raise capital on less-than-ideal terms. In today’s challenging economic climate,… Read More

July 6, 2023 @ 12:38 pm By Omar Faridi  |  

According to McKinsey‘s Web3 report, the financial-services industry has primarily adopted some of these nascent digital technologies and assets. At its peak, the daily volume of transactions “processed on so-called decentralized finance exchanges exceeded $10 billion, with various market fluctuations felt in the last twelve… Read More

July 5, 2023 @ 10:50 am By Omar Faridi  |  

VC activity ticked up in Q1 based on OpenAI’s unconventional corporate investment from Microsoft, according to an update from Pitchbook. Pitchbook has reportedly tracked $22.7 billion in investment during the quarter, “including $12.7 billion from generative AI investments including OpenAI.” If OpenAI’s deal is excluded,… Read More

June 30, 2023 @ 7:33 pm By Omar Faridi  |  

Gr4vy, the Cloud-native payments infrastructure company, announced a new investment from W23, Woolworths Group’s venture capital arm. This strategic investment expands “on an existing partnership and reflects continued confidence in Gr4vy from Australia and New Zealand’s largest retailer.” Gr4vy previously “raised $27.2M in total funding… Read More

June 29, 2023 @ 7:26 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance (which has been sued by US regulators for a wide range of issues), continues to support the growth of the DeFi sector and has participated in a strategic funding round for Maverick Protocol, a DeFi… Read More

June 25, 2023 @ 4:53 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, has led a $10 million funding round for Neutron as part of its ongoing drive to support the development of secure DeFi infrastructure and tooling. The investment round was “co-led by CoinFund, with participation from… Read More

June 20, 2023 @ 11:04 pm By Omar Faridi  |  

Binance Labs, the venture capital and incubation arm of Binance, which has been sued by US regulatory authorities and faces a wide range of regulatory/operational challenges, has made an investment in the five “best-performing” projects of Season 5 of its Incubation Program. More than 900… Read More

June 20, 2023 @ 11:31 am By Omar Faridi  |  

Venture capital (VC) funding activity in the US experienced a significant decline from January to May 2023. A total of 3,532 VC funding deals of worth $55.3 billion “were announced in the US during the period.” This represents “a year-on-year (YoY) decline of 36.4% in… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More