VC Roundup: "Web5", sports monetization startups Metaverse and Bitcoin are generating buzz
PolySign, Mash, Floor, Euler, Trinsic, KYVE and Atmos Labs headline the latest funding offers from the world of blockchain and cryptocurrency.
New
A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of the VC Roundup. The monumental collapse of the Terra ecosystem has spread to other segments of the digital asset market, exposing overleveraged merchants, lending platforms and venture capital funds. In the process, Bitcoin's price hit new lows, falling below the previous cycle's peak for the first time in its history.
Despite the macro headwinds that are inflicting difficulties on the crypto markets, venture capital firms continue to invest in the most promising startups in the industry. The latest edition of VC Roundup sheds light on funding deals for digital asset infrastructure providers, non-custodial crypto protocols, payment solutions and decentralized identity management companies.
[embedded content] Digital Asset Infrastructure Provider Closes $53M RoundPolySign's quest to provide investors with institutional-grade crypto custody solutions has received support from several venture capital firms. The company recently raised $53 million in Series C funding backed by Cowen Digital, Brevan Howard, GSR and more. Additionally, the company secured a $25 million credit facility from venture capital firm Boathouse Capital. Although PolySign did not specify how the funding will be allocated, the Series C closed around the same time the company acquired digital asset fund administrator MG Stover.
Related: Goldman Sachs Downgrades Coinbase Stock to 'Sell' It
PolySign, Mash, Floor, Euler, Trinsic, KYVE and Atmos Labs headline the latest funding offers from the world of blockchain and cryptocurrency.
New
A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of the VC Roundup. The monumental collapse of the Terra ecosystem has spread to other segments of the digital asset market, exposing overleveraged merchants, lending platforms and venture capital funds. In the process, Bitcoin's price hit new lows, falling below the previous cycle's peak for the first time in its history.
Despite the macro headwinds that are inflicting difficulties on the crypto markets, venture capital firms continue to invest in the most promising startups in the industry. The latest edition of VC Roundup sheds light on funding deals for digital asset infrastructure providers, non-custodial crypto protocols, payment solutions and decentralized identity management companies.
[embedded content] Digital Asset Infrastructure Provider Closes $53M RoundPolySign's quest to provide investors with institutional-grade crypto custody solutions has received support from several venture capital firms. The company recently raised $53 million in Series C funding backed by Cowen Digital, Brevan Howard, GSR and more. Additionally, the company secured a $25 million credit facility from venture capital firm Boathouse Capital. Although PolySign did not specify how the funding will be allocated, the Series C closed around the same time the company acquired digital asset fund administrator MG Stover.
Related: Goldman Sachs Downgrades Coinbase Stock to 'Sell' It
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