{"id":89984,"date":"2018-10-20T09:00:03","date_gmt":"2018-10-20T16:00:03","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=89984"},"modified":"2018-10-19T18:16:43","modified_gmt":"2018-10-20T01:16:43","slug":"this-week-in-blockchain-venture-capital-oct-20","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/this-week-in-blockchain-venture-capital-oct-20\/","title":{"rendered":"This Week in Blockchain Venture Capital \u2013 Oct. 20"},"content":{"rendered":"

Welcome to this week in Blockchain Venture Capital.<\/p>\n

Cobo<\/h3>\n

Cobo<\/a>, a Beijing-based cryptoasset wallet startup, recently closed<\/a> a $13 million Series A round with participants including Wu Capital, DHVC, and the NEO Foundation.<\/p>\n

Cobo was founded in November 2017 by Mao Shixing, an early Bitcoin investor and Google and Facebook engineer, and Jiang Changhou, an entrepreneur that sold his crypto wallet startup to OKCoin in 2013.<\/p>\n

Shixing founded F2Pool in 2013, one of the earliest mining pools in China that currently owns about 7 percent of the global Bitcoin hash rate. Cobo has reportedly been able to amass roughly 500,000 users since the wallet went live earlier this year, many of which have been interested in the staking pool feature.<\/p>\n

FRST<\/h3>\n

FRST<\/a>, a Chicago-based startup selling data software to cryptoasset traders recently closed<\/a> a $3.4 million seed round. Participants in the round included CMT Digital Ventures (lead), Vestigo Ventures (lead), Oak Ridge Investments, Akuna Capital, and Premier Asset Management. FRST\u2019s platform enables cryptoasset traders to test strategies, get estimates on returns and set notifications for changes in crypto values.<\/p>\n

According to FRST CEO Karl Muth, the FRST platform is currently in beta mode, testing on two of the largest trading floors in Chicago. FRST will officially launch in Quarter 1 of 2019 with plans to sell the software to trading floors and hedge funds. FRST will use this recent funding to finish building the platform, hire three more software engineers, and test the final product.<\/p>\n

Valid Network<\/h3>\n

Valid Network<\/a>, a Jerusalem-based blockchain security platform, recently closed<\/a> a $2 million seed round. Participants in the round included Jerusalem Venture Partners (lead) and JVP Cyber Labs. Valid Network develops enterprise software for securing smart contracts and identifying code vulnerabilities, potential loopholes, discrepancies between versions, and irregular activity indicative of fraud.<\/p>\n

Valid Network is building with the mission to enable faster adoption of blockchain technology and cryptoassets. The Valid Network approach allows\u00a0business personnel such as legal counsels, auditors, and the executive team to understand and trust their technology.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welcome to this week in Blockchain Venture Capital. Cobo Cobo, a Beijing-based cryptoasset wallet startup, recently closed a $13 million Series A round with participants including Wu Capital, DHVC, and the NEO Foundation. Cobo was founded in November 2017 by Mao Shixing, an early Bitcoin investor and Google and Facebook engineer, and Jiang Changhou, an […]<\/p>\n","protected":false},"author":84,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35372],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nThis Week in Blockchain Venture Capital \u2013 Oct. 20<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/this-week-in-blockchain-venture-capital-oct-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Week in Blockchain Venture Capital \u2013 Oct. 19\" \/>\n<meta property=\"og:description\" content=\"Welcome to this week in Blockchain Venture Capital. Cobo Cobo, a Beijing-based cryptoasset wallet startup, recently closed a $13 million Series A round with participants including Wu Capital, DHVC, and the NEO Foundation. 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\u2013 Oct. 20\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Kennelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/this-week-in-blockchain-venture-capital-oct-20\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/this-week-in-blockchain-venture-capital-oct-20\/\"},\"author\":{\"name\":\"Cole Kennelly\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/e170fe7becc1118519853ae4a2d6e0c5\"},\"headline\":\"This Week in Blockchain Venture Capital \u2013 Oct. 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