PayPal Ventures, the global venture capital arm of PayPal, has announced a significant additional investment in Chaos Labs, an emerging leader in onchain risk management. This move not only highlights PayPal’s faith in Chaos Labs’ innovative blockchain solutions but also underscores the growing importance of risk management in the rapidly evolving crypto landscape. Chaos Labs…
In a significant development for the blockchain and cryptography sectors, Fermah, a pioneering universal proof generation platform, has successfully closed a $5.2 million seed funding round. The investment was co-led by the a16z CSX fund and Lemniscap, with contributions from notable investors including Bankless Ventures, Longhash Ventures, and several others. Among the distinguished angel investors…
Echelon, a pioneering decentralized lending protocol, has announced a successful $3.5 million seed funding round aimed at revolutionizing decentralized finance (DeFi) lending on Move-based blockchains. The investment round was led by Amber Group and included contributions from key players such as Laser Digital, Saison Capital, Selini Capital, Interop Ventures, and Re7. Echelon is poised to…
Sling Money, an innovative fintech company specializing in crypto-enabled money transfers, has successfully completed a €13.6 million ($15 million) Series A funding round. This significant investment was spearheaded by leading venture capital firms Union Square Ventures, Ribbit Capital, and Slow Ventures. The funding will be instrumental in advancing Sling Money’s mission to make international money…
Chaos Labs, a pioneering force in onchain economic security, has announced a robust $55 million Series A funding round, led by Haun Ventures. This landmark investment, which marks Haun Ventures’ inaugural Series A deal under General Partner Diogo Mónica, promises to significantly enhance the company’s risk management capabilities within the decentralized finance (DeFi) sector. The…
Raad Labs, a trailblazer in blockchain-driven climate technology, has announced a successful $2.25 million Seed funding round led by CoinFund, with participation from Tribe, EV3, and Protagonist. The company, incubated at Montauk Climate, aims to revolutionize climate data collection through its innovative Decentralized Physical Infrastructure Networks (DePIN) model. Raad Labs will leverage these funds to…
Allium, a pioneering blockchain data platform catering to enterprise needs, has announced the successful closure of a $16.5 million Series A funding round. The investment, spearheaded by Theory Ventures and supported by seed investors Kleiner Perkins and Amplify Partners, brings Allium’s total capital raised to $21.5 million. Founded with a mission to simplify the complexities…
Term Labs, a pioneering figure in blockchain research and development, has successfully concluded a strategic funding round, securing $5.5 million to bolster its innovative fixed-rate lending platform, Term Finance. This latest round, led by Electric Capital and supported by prominent investors including Maelstrom (Arthur Hayes) and Ava Labs Blizzard Fund, marks a significant milestone in…
SendBlocks, a pioneering startup specializing in blockchain data management, emerges from stealth mode today with a substantial $8.2 million in seed funding. The funding round, which underscores growing investor confidence in blockchain innovation, positions SendBlocks to redefine how enterprises interact with blockchain data. SendBlocks offers a transformative platform that simplifies access to blockchain data. Designed…
Switzerland-based blockchain startup RedStone, originally founded in Poland, has successfully closed a $15 million Series A funding round led by Arrington Capital. This significant investment marks a pivotal moment for the company, known for its pioneering work in multichain databases and blockchain oracles. Founded in 2021 by Jakub Wojciechowski and Marcin Kazmierczak, RedStone has quickly…
