Venture Capital

Peter Thiel Backs Bitcoin Startup River in $35M Round
The Series B funding for the Bitcoin financial services provider was led by Kingsway Capital.

Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M
Marathon's CEO, Fred Thiel, sits on the board of the web infrastructure startup.

Polygon Co-Founder Launches Web3 Fellowship Program
Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.

Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin
Several crypto lenders, exchanges and funds that used customer assets to grow rapidly had a crash course in the limits of digital scarcity in 2022.

Zero-Knowledge Privacy Startup Webb Protocol Raises $7M
Polychain Capital and Lemniscap co-led the seed round for the bridge protocol.

Alchemy Ventures Backs $4M Round for NFT Platform Vibe
The no-code NFT-to-product toolset allows creatives to add utility and value to their tokens.

OpenTrade Raises Over $1.5M for Building Crypto Structured Financial Products
The platform will offer liquidity pools for U.S. Treasury bills, later this year.

New Crypto VC Firm Credibly Neutral Raises $5.5M
The firm received funds from the co-founders of Ethereum, Polygon and Solana.

Crypto Firm FARE Protocol Raises $6.2M Ahead of Token Launch
The fundraise was led by C Squared Ventures and Goat Capital, the firm co-founded by Twitch founder Justin Kan.

Ex-a16z Engineering and Security Heavyweights to Start Crypto Custody Firm: Source
A16z’s former CTO, Riyaz Faizullabhoy, and former CISO Nassim Eddequiouaq have the blessing and seed backing of the venture-capital giant, a person familiar with the plans said.

