Samsung was the most active investor in blockchain this year

Samsung

Market intelligence platform Blockdata has identified Samsung as the most active investor in blockchain over the past year.

The Korean tech giant participated in thirteen funding rounds from September 2021 to June 2022 for companies including Bored Apes Yacht Club developer Yuga Labs, Axie Infinity owner Sky Mavis, and blockchain gaming company Animoca Brands.

Most of the corportation’s investments came from Samsung Next, the innovation arm of Samsung Electronics that...

Nomad raises £18.4m for secure cross-chain DeFi protocol

Bridge

DeFi cross-chain interoperability protocol Nomad has secured a $22.4 million (£18.4m) seed round from leading investors in the crypto industry.

Crypto investment firm Polychain led the round, with Coinbase Ventures, Crypto.com Capital, OpenSea, Wintermute, Gnosis, Algaé and Polygon all participating too.

This financing round will be used to expand Nomad to other blockchains, helping it create a more secure cross-chain bridge encryption ecosystem, where different...

KPMG invests £25m into web3 training as it preps for the metaverse

Metaverse

KPMG, one of the Big Four global accounting firms, is investing £25 million into web3 training for its employees to explore potential metaverse use cases.

The centrepiece of the project will be a collaboration hub built to explore metaverse applications in industries such as healthcare, retail, and financial services.

Laura Newinski, deputy chair and chief operating officer at KPMG in the US, said: "The metaverse is a market opportunity, a way to re-engage talent, and a...

Pintu bags $113m Series B to meet Indonesian crypto demand

Pintu, a popular Indonesian crypto exchange, has closed a $113 million (£90m) Series B round of funding as the country’s crypto market experiences a boom in popularity.

The round, which leads on from a $35 million Series A last August, saw investment from prominent firms such as Pantera Capital, Intudo Ventures, Lightspeed, and Northstar Group.

Pintu is licensed by Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade,...

A16z unveils record-breaking web3 fund despite market agitation

Andreessen Horowitz’s web3 arm - a16z crypto - has raised $4.5 billion (£3.6bn) for its fourth crypto fund, setting a new record for venture capital (VC) in spite of the market’s turbulence.

Last June, a16z crypto announced its third fund whilst the market’s total capitalisation sat at an all too familiar $1.35 trillion (£1.05tn).

Back then, the firm brought $2.2 billion (£1.75bn) to the table for what it saw as the “next wave of computing...

BlockApps raises £31m to expand traceability enterprise platform

Blockchain

BlockApps has raised $41 million (£31.4m) in funding for the expansion of its blockchain-as-a-service (BaaS) platform, STRATO.

STRATO is an Ethereum-compatible blockchain solution that helps enterprises bring more transparency and traceability to their operations.

The oversubscribed funding round was led by Liberty City Ventures, with participation from new investors Morgan Creek Digital, Eidetic Ventures, and Givic. Combined with a prior $9 million (£6.9m) financing...

Circle bags £300m from BlackRock to compete with top stablecoin Tether

Circle

Web3 finance firm Circle has agreed to a $400 million (£307m) funding round as part of a broad strategic partnership with BlackRock.

As the issuer of stablecoin USD Coin (USDC), Circle is responsible for the fifth largest cryptocurrency by market cap alongside a host of decentralised finance (DeFi) tools.

The funding round is expected to close in the second quarter with other investors including Marshall Wace LLP and Fin Capital.

In addition to the capital...

ConsenSys to hire 600 employees after £344m Series D doubles valuation

Web3 network

Ethereum software leader ConsenSys has doubled its valuation in less than four months following a $450 million (£344m) Series D round of funding.

Known for products such as MetaMask, CodeFi, and Infura, the New York-based start-up is charting an astronomical takeover of the Web3 ecosystem.

Back in January, MetaMask, a token wallet and exchange offered as a browser extension or mobile app, surpassed 30 million monthly users. Meanwhile, its Ethereum development platform,...

StarkWare set to reach £4.5bn valuation for its blockchain scaling solutions

Layers

StarkWare, an Ethereum Layer 2 start-up, is on track to close a $100 million (£76m) funding round, according to Israeli news source Calcalistech.

Whilst not yet announced, the funding will follow a $50 million (£38m) Series C from November last year that pulled in investors such as Sequoia Capital, Paradigm, Three Arrows, and more. Back then, the company was pegged at a $2 billion (£1.53bn) valuation.

Now expected to push for a $6 billion (£4.57bn) valuation,...

VALR exchange nets record African funding round with £36m Series B

Africa

VALR, a South African crypto exchange operating out of Johannesburg, has raised £36 million in a Series B round led by Pantera Capital.

The investment marks the largest ever African cryptocurrency funding round, leaving VALR with a £180 million valuation.

Other investors included Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, Third Prime, and more.

The investment world has been taking increased interest in Africa as an...