Venture Capital

Venture Capital

Tech

Makers of Keep Protocol Raise $7.7M to Bring Trustless BTC to DeFi

Thesis has closed a $7.7 million deal by selling its KEEP tokens to some of crypto’s top investors. Its TBTC project could get more bitcoin into DeFi.

Paradigm co-founder Fred Ehrsam speaks at Token Summit II. (Credit: Brady Dale for CoinDesk)

Finance

Investors in Polychain Capital’s Crypto Hedge Fund Saw 1,332% Gains – If They Stomached the Dips

An investor document obtained by CoinDesk charts the dramatic ups and downs of the first four years of Polychain Capital’s cryptocurrency hedge fund.

Polychain Capital founder and CEO Olaf Carlson-Wee. (Credit: CoinDesk archives)

Finance

VC Deals in Crypto Remained Steady but Amount Invested Fell in 2019: Report

As younger companies are raising more, larger businesses didn’t come back for extra capital.

CoinDesk placeholder image

Finance

Polychain Capital Targets $200M for Second Venture Fund, Slide Deck Reveals

Cryptocurrency investment firm Polychain Capital is targeting $200 million for a second venture fund.

Polychain Capital founder Olaf Carlson-Wee

Finance

Bitcoin Lender BlockFi Raises $30M in Series B Led by Peter Thiel's Valar Ventures

Having Hong Kong-based HashKey as an investor will help BlockFi expand into Singapore later this year, said CEO Zac Prince.

Peter Thiel image via CoinDesk archives

Tech

PoolTogether DeFi App Announces $1M Investment After No-Loss Lottery Payout Tops $1K

PoolTogether is announcing a $1.05 million investment round as it adds a USDC pool to its DeFi-powered "no-loss lottery."

Lottery image via Shutterstock

Finance

ETF Giant Leads $17.7M Series A for Blockchain Compliance Startup

WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO).

Methuselah image via Shutterstock

Markets

Hong Kong Blockchain VC Hires Former NEO Exec to Launch Shanghai Office

Former NEO general manager Zhao Chen joins Hong Kong-based venture capital firm CMCC Global to lead blockchain equity investments in mainland China at a new Shanghai office.

China financial district

Finance

Block.One's Venture Arm to Dole Out $50K Grants to Promising EOS Projects

EOS VC is looking for "world-conquerors and local heroes" for its new grants program.

Brendan Blumer, June 2019, Washington, D.C.

Markets

Multicoin Capital Hires Principal in Asia as Crypto VCs Look East

Mable Jiang, formerly of Nirvana Capital, will spearhead the venture firm's hunt for new deals in Asia.

Multicoin Capital principal Mable Jiang. (Credit: BlockBeats/Odaily)