Fundraise


Finance

Cryptography Firm Zama Raises $73M for 'Fully Homomorphic Encryption' Apps

The funding found was led by Multicoin Capital and Protocol Labs and included participation from Solana co-founder Anatoly Yakovenko and Ethereum and Polkadot co-founder Gavin Wood. The 'FHE' technology allows for processing of encrypted data, useful for privacy in blockchain and AI.

Rand Hindi

Tech

USC Professor's Crypto Startup 'Sahara' Raises $6M to Reward AI Trainers

Sahara co-founder Sean Ren, a computer science professor at the University of Southern California, says his tech can help workers and businesses get compensated for their knowledge, data and expertise in the age of AI.

Sahara co-founders Sean Ren and Tyler Zhou (Sahara)

Finance

Crypto Payments Specialist Baanx Raises $20M Funding Round

The Series A investment round included Ledger, Tezos Foundation, Chiron and British Business Bank.

Group photo of the Baanx team

Tech

Axiom, Protocol for Historical Ethereum Data, Raises $20M, Led by Paradigm, Standard Crypto

The funding will go towards further developing the protocol and adding new hires. Axiom allows smart contract developers to access historical data from Ethereum and then perform intensive computations off-chain.

Axiom co-founders Jonathan Wang and Yi Sun (Axiom)

Finance

Swiss Crypto Bank Sygnum Inches Closer to 'Unicorn' Status With $40M Raise

The company said that its initial target for the funding round was $35 million.

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Markets

Woo Raises $9M to Boost Liquidity of WOO X Exchange

Participants in the raise include Wintermute and Amber, in addition to other notable liquidity providers.

Jack Tan, Co-founder of WOO (CoinDesk TV)

Finance

Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol

The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.

Scattered pile of $1 bills (Gerd Altmann/Pixabay)

Finance

Blockchain.com Closes $110M Raise: Bloomberg

The exchange's valuation in the $110 million round was less than half of its previous $14 billion valuation, according to the report.

Blockchain.com CEO Peter Smith in 2015 (CoinDesk archive)

Web3

Animoca Brands Raises $20M for Metaverse Project Mocaverse

The investment was led by CMCC Global and included contributions from Kingsway Capital, Liberty City Ventures and GameFi Ventures.

Yat Siu, co-founder of Animoca Brands at Consensus 2023 (CoinDesk)

Tech

Coinbase, Framework Venture Funds Invest $5M in Socket Protocol, in Bet on Blockchain Interoperability

The fundraise comes as "cross-chain" protocols from the companies including LayerZero and Chainlink have attracted investors, despite the bear market – assuming a future where blockchains are seamlessly interconnected.

Socket co-founders, Rishabh Khurana and Vaibhav Chellani (Socket)