Venture Capital
First Mover Asia: Singapore's Lightbulb Capital Balances the 3 Parts of ESG Investing. Will the DeFi World Care?; Bitcoin, Ether Fall
The crypto world has focused more heavily on environmental issues than the social and governance aspects of different projects; major cryptos were in the red on Sunday as the Russian invasion intensified.
Praxis Raises $15M in Series A Funding Round
The startup is trying to build a city organized around remote work.
Polymer’s $3.6M in Seed Funding Says IBC Is the Future of Crypto
The team plans to make blockchains like Ethereum and Solana more easily compatible with chains built using Cosmos’ Inter-Blockchain Communication protocol.
VC Firm Electric Capital Raises $1B for 2 New Funds Targeting Tokens and Equity Stakes
On Tuesday, Crypto venture capital firm Electric Capital announced that it raised $1 billion to create two new funds: a $400 million venture fund and a $600 million token fund. “The Hash” explains how Electric Capital’s approach, which focuses on token allocation directed toward the community, differs from others in the space.
Electric Capital Raises $1B for 2 New Crypto VC Funds
Long-term investing and public goods will be a focus for the two new funds from what had been a smaller player in the world of crypto VC.
African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital
Alameda Research and Coinbase Ventures were also investors in the round, which valued the company at $240 million.
Coinbase Ventures Lead Katherine Wu Leaves for VC Firm Archetype
Wu announced her departure on Twitter after just five months at Coinbase’s venture arm.
Fast Break Labs Raises $$6M in Seed Funding Round
The Web 3 startup founded by two ex-Meta Platforms employees is developing a blockchain-based fantasy basketball game.
First Mover Asia: GameFi's Shaky Prospects; Bitcoin, Ether Inch Higher
Strict regulations on gaming in China and South Korea, among other countries, are likely to reduce the market for GameFi in the Asia-region; bitcoin, ether and most major altcoins rose slightly during U.S. trading hours.
Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
VC dollars continue to flow into the crypto space. The venerable venture capital firm Sequoia Capital is looking to raise $600 million for its first crypto-specific fund, primarily investing in liquid tokens and digital assets. "The Hash" team explains why Sequoia is jumping into the scene after other large VC funds Paradigm and Andreessen Horowitz.