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...

Ukraine government raises £10m after posting crypto addresses on Twitter

Ukraine Flag

The government in Ukraine has raised more than £10 million through thousands of crypto donations after posting wallet addresses on Twitter.

In a less than conventional crowdfunding method, the country’s official Twitter account has made public two addresses, one for Bitcoin and another for Ether and Tether, a stablecoin pegged to the value of the US dollar.

https://twitter.com/Ukraine/status/1497594592438497282

Since February 26, said wallets have netted more...

Slope Finance rakes in £6m Series A for cross-chain Solana wallet

Slope

Slope Finance, a decentralised exchange and wallet based on the Solana network, has raised $8 million (£6m) in Series A funding.

The round was led by Solana Ventures and Jump Crypto, with further support from Circle, Huobi, Sequoia China, Genesis Trading, CMS Holdings, Spark Digital, and more.

Following on from a successful seed round in August last year, the start-up has raised $10.3 million (£7.8m) overall.

With cross-platform functionality, the wallet...

Helium raises £147m for its blockchain-based telecoms network

Helium

Helium, a decentralised telecommunications network, has raised $200 million (£147m) in a Series D funding round at a $1.2 billion (£881m) valuation, according to Axios.

The Helium network is a globally distributed network of hotspots that provide public, long-range wireless coverage for Internet of Things (IoT) devices. Running a hotspot rewards the owner with HNT, the native cryptocurrency of the Helium blockchain.

Major venture capital firms such as Tiger Global and...

Polygon raises £332m for its Layer 2 Ethereum solutions

Web3

Polygon, an ecosystem of Ethereum scaling solutions, has raised $450 million (£332m) through a funding round led by Sequoia Capital India.

Known as a Layer 2 or side-chain network, Polygon runs on the Ethereum blockchain trying to solve scaling issues, bottlenecks, high fees, and other issues that hinder mass adoption.

Titan venture capital (VC) firms such as Tiger Global and SoftBank also participated in the network’s first ever major financing round, a shock...

MoonPay: the ‘PayPal for crypto’ raises $555m in first ever funding round

To the Moon

MoonPay, a start-up that lets users buy cryptocurrency through conventional payment methods like credit cards, has raised just over half a billion dollars in its first ever funding round.

The whopping $555 million (£414.7m) comes off the back of record funding for blockchain start-ups this year. Just last week, the Winklevoss twins’ crypto exchange Gemini raised $400 million whilst Ethereum co-founder Joseph Lubin’s ConsenSys landed $200 million.

Led by Tiger Global...