raises

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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Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

Reef Finance Raises $3.9M for Cross-Chain DeFi on Polkadot

As the limitations and costs of running decentralized finance (DeFi) apps on Ethereum continue to ride high, a growing list of projects are lining up on competing blockchains. Adding to this trend, Polkadot-based Reef Finance has closed a $3.9 million seed funding round for its cross-chain suite of DeFi services, the company announced Wednesday. Included …

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The runaway success of Uniswap’s token raises an old question: is it a security?

The runaway success of Uniswap’s token raises an old question: is it a security?

The decentralized finance (DeFi) world waited months for Uniswap — the top decentralized exchange protocol by trade volumes — to go live with a dedicated token. But now that UNI is in the hands of those who’ve used the protocol in the past — and seeing breakout numbers in terms of valuation and volume — …

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