Investments

Animoca Brands Doubles Valuation to $5B

  • The $359 million funding round will help Animoca Brands fuel new acquisitions and investments, product development, and licenses for popular intellectual properties.
  • The company has more than doubled its valuation with this funding round, considering it raised $65 million at a $2.2 billion valuation last October.

SEBA Bank Closes $119M Series C

  • The funding round saw participation from notable investors such as Alameda Research, FTX exchange, DeFi Technologies, and others.
  • SEBA now plans to fund its international expansion, invest in new products, and grow its team in "new priority markets".

OpenSea Valued at $13B Following Latest Funding Round

  • The $300 million Series C was co-led by Coatue and Paradigm, and also saw participation from new and existing investors.
  • OpenSea now plans to launch a grant program in Q1 2022, which will support the developers "shaping the future of the NFT space".

NFT-Focused Metaversal Raises $50M in Series A

  • Founded in 2021, the company has already acquired over 750 NFTs and invested in startups that "are defining the future of the open metaverse".
  • The fresh funding will help Metaversal expand its NFT portfolio, and support businesses that "enable the open Metaverse to thrive".

Binance Invests $12M in Liquidity Provider WOO Network

  • Binance's investments comes only two months after WOO Network closed a $30 million Series A funding round.
  • WOO Network not only provides liquidity to the Binance Smart Chain, but also to the 1inch, ParaSwap, Dodo, and DYDX networks.

Figment Closes $110M Series C Funding Round

  • Figment will use the new capital to add support for staking across more proof-of-stake (PoS) blockchains, as well as significantly grow its headcount.
  • Figment has more than $7.5 billion in digital assets staked on its infrastructure, which spans across 50 networks and supports over 130 institutional clients.

Bitwise Enters NFT Market With New Index Fund

  • Accredited investors can participate in the Bitwise NFT index fund through a private placement with a minimum investment of $25,000.
  • The "Bitwise Blue-Chip NFT Index Fund" will track the top 10 NFT art collections by market capitalization.

NYDIG Now Valued at $7B After Latest Funding Round

  • The $1 billion NYDIG funding round, one of the largest in the crypto industry, was led by WestCap, and saw participation from Morgan Stanley, Bessemer Venture, FIS, and others.
  • This is NYDIG's third funding round this year, with the company raising $200 million back in March, and $100 million in April.

Crypto Trading App Stacked Raises $35M in Series A

  • The company plans to double its 40-person team in 2022, as well as continue scaling its crypto portfolios and automated lending products.
  • Stacked plans to grow its popularity, and reach $1 billion in assets under management, by going fully mobile in the next six months.

Binance & Animoca Brands Launch $200M GameFi Fund

  • The newly established fund will focus on early-stage GameFi projects that are building on the Binance Smart Chain network.
  • Both companies will contribute up to $100 million to the program, with Binance investing through its $1 Billion Growth Fund.