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The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as
The cryptocurrency industry is attracting a growing number of institutional players. This is evidenced by new investments in infrastructure and the growing interest of companies in bitcoin as an asset class. The most important events of the last weeks are in the ForkLog review.
Mining company Crusoe Energy Systems Inc has closed its $350 million Series C funding round.
Managed by G2 Venture Partners. Participants include: Valor Equity Partners, Lowercarbon Capital, Polychain Capital, Bain Capital Ventures, Founders Fund, MCJ Collective, Winklevoss Capital and others.
One of Crusoe’s new investors is Hollywood star Robert Downey Jr.’s FootPrint Coalition Ventures.
In addition to raising equity, the company received lines of credit of up to $155 million from SVB Capital, Sparkfund and Generate Capital.
Crusoe uses the energy from burning associated petroleum gas to mine bitcoin. It will use the funds to expand its business outside of the US, accelerate the launch of the CrusoeCloud cloud computing solution, and expand its team from 157 to 250 people by the end of 2022.
NFT avatar-focused project Genies has closed a $150 million funding round led by Silver Lake. Investors valued the company at $1 billion.
Genies provides users with the ability to create virtual avatars. The latter can be used in metaverses along with various items in the form of immutable tokens.
Smart contract security audit-focused startup CertiK has raised $60 million from SoftBank Vision Fund and Tiger Global.
The new funding is a continuation of the Series B3 round. The startup raised $88 million in early April at a $2 billion valuation from Insight Partners, Tiger Global, Advent International, and other investors.
According to startup CEO Ronghui Gu, SoftBank Vision Fund and Tiger Global were the only participants in the supplemental round. For the Japanese financial conglomerate, this is the first investment in a smart contract security firm.
The partnership with the two investment giants will enable CertiK to connect with traditional companies looking to enter the Web 3.0 space.
Sports NFT marketplace Rario has closed a $120 million Series A funding round led by Dream Capital, with participation from Corporate Venture Capital, M&A Dream Sports and Alpha Wave Global.
Founded in 2021, Rario is an NFT platform dedicated to cricket. The project team signed an exclusive multi-year deal with Cricket Australia to create a themed metaverse.
Rario gives fans the opportunity to have “a piece of cricket history” through digital collectibles. The team claims to have sold over 50,000 NFTs to fans in 20 countries.
San Francisco-based DEX infrastructure provider 0x Labs has raised $70 million in a Series B funding round led by Greylock Partners, with participation from Pantera Capital, Jump Capital, OpenSea and Jared Leto.
0x Labs is working on “intelligent order routing” that allows users to split their transactions on various decentralized exchanges such as Uniswap, Curve, and Balancer. This makes it possible to minimize slippage when trading at the best prices in the market.
The company will use the funds raised to expand staff, develop and expand its product line, as well as support new networks like Solana.
Analyst firm Flipside Crypto has raised $50 million in a funding round led by Republic Capital, with participation from True Ventures, Galaxy, Terra, Dapper Labs, M13 and other venture capitalists.
The firm will use the funds raised to support new networks and second-tier solutions, develop analytical tools and launch rewards programs.
The company currently employs 66 people. Flipside Crypto management plans to increase staff to 85 employees by the end of 2022.
Enterprise-focused blockchain infrastructure startup BlockApps has raised $41 million in a funding round led by Liberty City Ventures.
Its participants were new investors – Morgan Creek Digital, Eidetic Ventures and Givic. Increased investments in the company include ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital and PropelX.
As a result of the tour, representatives of Morgan Creek Digital and Liberty City Ventures will join the venture’s board of directors.
BlockApps will invest in expanding its affiliate program and attracting new customers.
Mobile Ethereum wallet developer Argent has raised $40 million in its Series B funding round.
It was managed by venture capital firms Fabric Ventures and Metaplanet, owned by Skype co-founder Jaan Tallinn. New investors have joined: Starkware, Jump Crypto and Animoca Brands. Shares in the venture were raised by Paradigm, Index Ventures and Creandum.
The Argent team will use the funds to support broader DeFi and Web 3.0 activities and service expansion in Latin America. The priority will be Mexico, where demand is high.
Argent also plans to increase its financial and legal staff and establish a new research group on L2 protocols.
Scroll, an Ethereum scaling project using ZK-Rollups technology, has raised $30 million.
The startup’s Series A funding round was led by Polychain Capital, with input from Bain Capital Crypto, Robot Ventures, Geometry DAO, and several other angel investors.
The project will use funds to expand the 20-person team and launch a testnet. The second is expected in the second half of 2022.
Digital asset trading platform Fasset has raised $22 million in a Series A funding round led by Liberty City Ventures and Fatima Gobi Ventures, with participation from Soma Capital, MyAsiaVC, and others.
Investments will be directed towards the development of new products and expansion in Indonesia and Pakistan. The startup is in talks with regulators to launch services in the specified regions.
The startup behind the Moonbirds NFT collection has raised $10 million from Reddit co-founder Alexis Ohanian’s venture capital firm Seven Seven Six.
The startup was founded by Kevin Rose, partner of True Ventures. The latter also participated in the funding round, but highlighted that it was Seven Seven Six that invested $10 million.
Rose noted that the collaboration with Ohanian will allow the project to issue additional non-redeemable tokens along with Web 3.0 content creation, conferencing and other initiatives.
Bastion Lending Protocol has closed a $9 million Series A funding round led by Three Arrows Capital, with participation from FTX, Jane Street, The Spartan Group, Crypto.com and other investors.
The Bastion team announced the launch of leveraged farming, new listings, and plans to gamify DeFi with NFTs over the next few weeks.
Also on ForkLog:
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
