Heroic Story raises £5m to create web3 roleplaying game

Blockchain Gaming

Web3 gaming company Heroic Story has raised £5 million in a seed round led by Upfront Ventures for a blockchain-based tabletop roleplaying game (RPG).

The funding will be used to launch a live beta of the game, develop blockchain technology for a multiplayer version of the game, and hire more talent.

Other participants in the round included Multicoin Capital and Polygon Technology, along with strategic angels such as Team Liquid CEO Steve Arhancet and Quantstamp CEO...

18 November 2022 | Funding

Blockchain analytics firm TRM Labs nets £60m in expanded Series B

Analytics

Blockchain analytics firm TRM Labs has expanded its Series B funding round with a £60 million injection led by Thoma Bravo.

The intelligence company uses blockchain data and advanced analytics to detect and tackle financial crime.

The expanded round was led by global private equity firm Thoma Bravo, with Goldman Sachs and previous TRM investors Amex Ventures, Citi Ventures, and PayPal Ventures all participating.

TRM’s initial Series B kicked off in December...

9 November 2022 | Cryptocurrency

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...

22 August 2022 | Enterprise

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,...

16 March 2022 | Decentralised Finance (DeFi)

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...

24 February 2022 | Cryptocurrency

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...

21 February 2022 | Blockchain Applications

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...

8 February 2022 | Enterprise

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...

23 November 2021 | Decentralised Finance (DeFi)

ConsenSys raises $200m from HSBC and Third Point to fund Web3 vision

Fox - MetaMask / ConsenSys

ConsenSys, a leading Ethereum software company, has raised $200 million (£149m) from investors including HSBC and US hedge fund Third Point, bringing its valuation to $3.2 billion (£2.38bn).

The New York-based start-up provides a whole host of products and services for the decentralised Web3 ecosystem, most notably the app and web browser extension MetaMask.

MetaMask allows users to hold, send, and manage digital assets in a flexible wallet that can connect with other...

23 November 2021 | Blockchain Applications

Blockchain Association boosts lobbying power with $4m funding injection

Capitol Building

The Blockchain Association, a lobbying group for improving public policy towards crypto and decentralised ledgers, has raised $4 million (£2.97m) in new funding.

A decentralised web advocate group, the Filecoin Foundation, provided half the funding with the promise of an additional $2 million (£1.49m) if the Blockchain Association can match it through outside funding.

Crypto exchange Kraken and Digital Currency Group – the parent company of CoinDesk – contributed...

19 November 2021 | Blockchain