Venture Capital

Electric Capital’s New $110M VC Fund Is 90% Institutions

Crypto VC firm Electric Capital has closed its second fund at $110 million. Of the money raised, 90% of it is institutional capital. “The early-adopter, forward-thinking investors are now significantly off zero and now everyone is looking at those guys and saying, ‘Oh, maybe we should be off zero as well,’” Electric Capital co-founder Avichal …

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This a16z Alum Is Launching a VC Fund Focused on Platforms You Can ‘Own’

An Andreessen Horowitz (a16z) alum is launching a new venture firm focused on building a crypto-powered “ownership economy.”  Jesse Walden, who focused on blockchain investments at a16z, announced his Variant Fund in a blog post published Tuesday. Walden said the new fund is focused on the idea that the people who make platforms and products …

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Binance Labs Leads $1M Seed Round in Crypto Tor Alternative HOPR

Binance Labs, the incubation and seed funding arm of the world’s largest crypto exchange, has made its first investment this year, backing decentralized privacy startup HOPR. Announced Thursday, Binance Labs led a $1 million seed round in HOPR, which has also received funding from Focus Labs, Spark Digital Capital, Caballeros Capital and Synaitken. The seed …

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Brock Pierce Jumps Into 2020 US Presidential Last Minute

Brock Pierce, entrepreneur, crypto venture capitalist and child star, has announced his USA Presidential run on Twitter July 5. His tweet stated that: “I, Brock Pierce, am running for President of the United States of America.” Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for …

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Coinbase Ventures Joins $23M Funding Round for Crypto Custody Firm

Curv, a company that provides increased secrecy when it comes to holding crypto assets, has closed a $23 million Series A funding round.  Announced Wednesday, the crypto custody tech provider, which uses a technique called multi-party computation (MPC), received investment from CommerzVentures, Coinbase Ventures, Digital Currency Group (DCG), Team8 and Digital Garage Lab Fund. Curv …

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Partner at $500 Million Fund Explains Key Criteria For Investing in Startups

Partner at Initialized Capital Brett Gibson revealed the main criterias used by his VC firm to invest into early stage startups and shared his views on the most promising products on the market. Initialized Capital invests in early-stage companies before they get to product/market fit, which means they still need to develop a product that …

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Crypto Long & Short: Innovation Cycles, Crypto Venture Funds and Institutional Investors

Famed Silicon Valley venture capital firm Andreessen Horowitz (a16z) stirred up some discussion last week by dividing crypto history into cycles that look something like this: The price goes up, which leads to new interest, which triggers new ideas and use cases, which leads to new startups and funding, which leads to product launches that …

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Bitcoin to Peak at $115,000 by August Next Year, Says Pantera Capital CEO

Pantera Capital chief executive officer Dan Morehead has predicted a 50% chance the price of bitcoin (BTC) will hit $115,000 by August next year. In a recent letter to investors, Morehead said: “If the new supply of bitcoin is cut in half (with the May 12 halving), all else being equal, the price should rise.” …

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UK Cryptocurrency Firms Turn to Equity Funding as ICO Coffers Plunge 70%

UK cryptocurrency and blockchain startups are turning focus back to conventional means of raising capital, as initial coin offering (ICO) coffers dry up. According to a new report, initial coin offering (ICO) funding last year plunged 71% to £200 million ($250 million) from £700 million ($875 million) a year earlier. By comparison, equity funding provided …

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While the Global Economy Shudders, Andreessen Horowitz ‘Excited’ to Invest $500M Into the Crypto Industry

The private venture capital firm Andreessen Horowitz (a16z) has announced the company is investing $515 million into the cryptocurrency industry. The firm says its “excited” to bolster crypto networks and businesses. Further, the company hopes to strengthen ideas like next-generation payments, a modern store of value, decentralized finance, content monetization, and Web 3.0 concepts. Andreessen …

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