Venture Capital

Pantera Crypto Hedge Funds Are Losing Double Digits, Bitcoin Fund Is Up 10,000% to Date
Pantera Capital’s bitcoin fund is vastly outperforming its more exotic crypto-asset fund counterparts.

Ashton Kutcher and Michelle Phan Invest in Lolli’s $3M Seed Round
Lolli, the bitcoin rewards shopping app, attracted celebrity investors in a $3 million round led by the early-stage arm of Peter Thiel’s Founders Fund.

As Pandemic Decimates Startups, Privacy Industry Holds Strong
As remote work becomes the norm, privacy-focused startups see COVID-19 as an opportunity to expand.

Dragonfly Capital Managing Partner Alexander Pack Steps Down
Alexander Pack, managing partner of Dragonfly Capital, has stepped down from the crypto investment firm, according to a letter obtained by CoinDesk.

Swiss Crypto Firm Closes $14.5M Series B to Help Secure Brokerage License
Crypto Finance AG's $14.5 million funding round will go toward international expansion and courting institutional investors.

Chinese DeFi Platform dForce Raises $1.5M From Multicoin, Huobi Capital
One of China’s largest DeFi platforms has raised $1.5 million from Multicoin Capital, Huobi Capital and CMB International to expand its product lineup.

VC Firm Andreessen Horowitz Targets $450M for Second Crypto Fund: Report
Sources told the Financial Times that Andreessen Horowitz (a16z) is raising another crypto fund, reportedly targeted at $450 million.

Banking API Platform Sila Raises $7.7M on Promise of Programmable Money
The $7.7 million round from Madrona Venture Group and others will help Sila bring bespoke stablecoins to fintech entrepreneurs.

Your Crypto Startup Needs a Recession Strategy
A shakeout is coming in crypto venture capital and entrepreneurs should react with a new plan, says our columnist.

Crypto M&A and Fundraising Dropped Sharply in 2019: PwC Report
The value of crypto M&A deals last year dropped by a whopping 76 percent, according to a new report by PwC – down from $1.9 billion in 2018 to $451 million in 2019.

