Investments

Stellar Development Foundation Invests $550,000 In SatoshiPay

  • It is expected that B2B transfers, something that SatoshiPay is focused on, will grow substantially over the next three years.
  • SatoshiPay also provides digital wallets for financial inclusion.

Stellar Development Foundation Invests $5M in Crypto App Abra

  • Abra is a P2P blockchain-based platform which provides investment opportunities in over 100 different cryptocurrencies.
  • Abra will soon integrate with the Stellar blockchain and not only bring its services over, but start developing Stellar-based products.

NEAR Foundation Closes $21.6M Token Sale, Launches Mainnet

  • Joined by around 40 investment firms, this was the second token sale of the firm.
  • Though planned as a community-governed PoS network, the NEAR blockchain will operate under a PoA consensus algorithm.

Car App Gapless Holds Successful Funding Round, Expects 100,000 Listed Vehicles by EOY

  • Gapless allows users to create a complete history of their vehicle, including equipment specifications and vehicle recalls.
  • Gapless CEO Jan Karnath is very pleased that the startup became partners with the FinLab EOS VC Fund.

Props Secures $2M in Funding, Plans to Move to Algorand

  • Props anticipates a big increase in the volume of its users, as more consumer apps are expected to integrate Props Tokens.
  • Algorand's public chain will likely increase Props' transaction volume, speed and reliability.

Taurus Group Secures Over $10M in Series A Funding Round

  • Taurus Group will use the newly acquired funds to grow its team, and expand its business into new markets across Europe.
  • The private Swiss bank Lombard Odier, real-estate group Investis, and the Tezos Foundation also joined the funding round.

Taiwanese Startup ITM Secures Pre-Series A Funding From MediaTek

  • This is MediaTek's first investment in a blockchain startup, but the semiconductor firm will not be involved in the development process.
  • ITM's new SDK will be adapted across apps and will cope with larger data input.

DeFi-Friendly Smart Wallet Startup Raises $12M

  • Argent's $12 million Series A funding round was led by the Sequoia Capital-backed fund Paradigm.
  • Thanks to previous partnerships, the wallet allows its users to to purchase cryptocurrency with their debit cards and Apple Pay accounts.

China’s Central Bank Blockchain Trade Platform To Receive $4.7M

  • The People's Bank of China has secured $4.7 million from the government for its blockchain-based trade platform.
  • Used by a network of 38 banks and 1,900 firms, the platform has already decreased corporate financing costs to bellow 6%.

BlockFi Raised $30M in Series B Round After a Period of Rapid Growth

  • BlockFi’s main aim in 2020 is to work towards mainstream crypto adoption.
  • Valar Ventures led the funding round and believes that BlockFi is one of the most successful companies it has invested in.