raises

Enjin raises nearly $19 million to build Polkadot-based NFT blockchain

Enjin raises nearly $19 million to build Polkadot-based NFT blockchain

Blockchain development firm Enjin has raised $18.9 million to build a Polkadot-based blockchain network, especially for non-fungible tokens (NFTs). The network, dubbed Efinity, will have its own token called Efinity Token (EFI), Enjin CTO Witek Radomski told The Block. And the funding has been secured via selling EFT tokens, said Radomski. Crypto.com Capital, DFG Group, …

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Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Crypto tax startup TaxBit raises $100 million in round backed by PayPal, Bill Ackman and more

Utah-based crypto tax and accounting startup TaxBit has raised more than $100 million in a Series A round. First reported by Forbes, the round was led by investment companies Paradigm and Tiger Global, with participants including PayPal Ventures, Coinbase Ventures and Winklevoss Capital. The startup offers cryptocurrency tax software for crypto users, exchanges and vendors. …

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DeFi options platform Opyn raises $6.7 million Series A led by Paradigm

DeFi options platform Opyn raises $6.7 million Series A led by Paradigm

Opyn, a decentralized finance platform for options, has raised $6.7 million in a new Series A funding round. Industry venture capital firm Paradigm led the round, according to Opyn, with participation from existing investor Dragonfly as well as Synthetix co-founder Kain Warwick and Stani Kulechov, who founded Aave.  “The funds will be used to further …

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Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil

Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil

Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm. Announced Wednesday, Mexico City-based Bitso’s Series B also heralded the first investment in crypto by renowned fintech VC firms QED Investors and Kaszek Ventures, which led the fundraise. Also involved in the …

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Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Razor Network Raises $3.7M to Prove There’s Room for More Oracles in DeFi

Decentralized oracle platform Razor Network has raised $3.7 million in a seed funding round from NGC Ventures, Alameda Research, Spark Digital Capital and private investors including Mariano Conti, former head of oracles at MakerDAO. “Mariano really understands what we’re doing,” said Razor Network founder and CEO Hrishikesh Huilgolkar in an interview. “He probably created the …

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DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

DeFi credit default swap platform Opium Protocol raises nearly $3.25 million

Crypto derivatives platform Opium Protocol has raised nearly $3.25 million in a funding round. The fresh cash injection includes participation from Galaxy Digital, Alameda Research, Hashkey Group and CMS Holdings — to name a few. The new funding will help the Amsterdam-based startup introduce further derivatives to the decentralized finance market, which has grown at …

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Equilibrium, a Polkadot-based project for cross-chain DeFi, raises $5.5 million

Equilibrium, a Polkadot-based project for cross-chain DeFi, raises $5.5 million

Equilibrium, a Polkadot-based, cross-chain decentralized finance (DeFi) project, has raised $5.5 million.  Sharing the news exclusively with The Block on Thursday, Equilibrium said the money was raised via a new “token swap” method, in which investors exchanged their old tokens with new ones. Specifically, Native Utility Token (NUT), from Equilibrium’s EOS-based product line, was exchanged …

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Robert Leshner’s Robot Ventures raises $4M, brings on Tarun Chitra

Robert Leshner’s Robot Ventures raises $4M, brings on Tarun Chitra

Robot Ventures, the crypto seed investor, is setting up a second fund — and it’s bagged $4 million and a partnership with a D.E. Shaw alum to do it. The original fund was self-managed by Leshner, but for its sequel, he’s bringing on Gauntlet founder and CEO Tarun Chitra as a partner. It’s already garnered $4 …

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