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Indonesian crypto exchange Pintu raises $113 million in Series B funding

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Indonesia-based cryptocurrency exchange Pintu has raised $113 million in a Series B funding round. Investors in the round include Pantera Capital, Lightspeed India Partners, Intudo Ventures and Northstar Group. There was a lead investor in this round, Pintu’s founder and CEO Jeth Soetoyo told The Block in an interview, but he declined to name it because the investor prefers to remain undisclosed. But that investor is a global venture capital firm, he said.  Pintu’s raise comes at a time when …

StarkWare’s valuation quadruples to $8 billion in new funding round

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StarkWare, an Ethereum scaling startup that utilizes ZK-rollup technology, has quadrupled its valuation to $8 billion after raising $100 million in a Series D funding round. Greenoaks Capital and Coatue led the round, Israel-based StarkWare announced on Wednesday. Other existing and new investors also backed the round, including Tiger Global. The funding also had a secondary component, meaning StarkWare’s employees were able to sell shares. StarkWare’s valuation has surged sharply in the past six months, despite the recent souring of sentiment …

Y Combinator joins $6.2 million seed round for crypto savings app Pebble

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Pebble, a crypto app that lets people save, spend and send money, has raised $6.2 million in a seed funding round as it plans to find a product-market fit. Investors included Y Combinator, Lightshed Ventures, Cadenza Capital, East Ventures, Orange DAO and Global Founders Capital. Angel investors, including Odell Beckham Jr of the National Football League; Matthew Bellamy, lead singer of the Muse band; and Richard Ma, CEO of blockchain audit firm Quantstamp, also joined the round. There was no …

Tiger Global leads $15 million Series A for Coinshift

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Coinshift, an Indian crypto startup that provides treasury management tools for decentralized autonomous organizations (DAOs) and web3 firms, has raised $15 million in a Series A funding round as it plans to expand to new blockchain networks. Sharing the news exclusively with The Block on Tuesday, Coinshift said Tiger Global led the round, with Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Polygon Studios and others participating. Angel investors include Ryan Hoover, the founder of Product Hunt and Weekend …

A16z leads $25 million seed round for NFT infrastructure startup Co:Create

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Co:Create, a crypto startup building an infrastructure protocol to help NFT projects launch tokens and manage DAOs, has raised $25 million in a seed round led by Andreessen Horowitz (a16z). Other investors include Tom Brady’s NFT platform Autograph, Packy McCormick’s Not Boring Capital, FTX Ventures’ Amy Wu, Gary Vaynerchuk’s VaynerFund and the teams behind NFT fractionalization platform Fractional.art and Nike-acquired NFT studio RTFKT, the company announced on Tuesday. ‘Beyond the drop’ Co:Create says its protocol, currently under development, aims to …

Citi, Wells Fargo join $105 million round for crypto trading infra firm Talos

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Talos, a crypto trading infrastructure firm that provides tooling for institutional investors across the trade lifecycle, has raised $105 million in a Series B round as it plans global expansion. Growth investor General Atlantic led the round, with Citigroup, Wells Fargo Strategic Capital, BNY Mellon, DRW, SCB 10x, Stripes, Voyager and others joining as new investors, Talos announced on Tuesday. Previous investors, including Andreessen Horowitz (a16z), PayPal Ventures, Castle Island Ventures and Fidelity Investments, also participated in the round. The …

Ondo Finance raises $20M from Peter Thiel’s Founders Fund and others

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Ondo Finance, a crypto startup that provides structured products built on top of decentralized exchanges, has raised $20 million in Series A funding as it looks to build a decentralized investment bank. Peter Thiel’s iconic VC firm Founders Fund and Pantera Capital co-led the round. This is the first time Founders Fund has led an investment in a token-based project, Ondo’s founder and CEO, Nathan Allman, told The Block. Founders Fund has previously participated in a token round for Parallel …

CertiK raises additional $60 million from SoftBank and Tiger Global

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Blockchain security firm CertiK raised an additional $60 million just two weeks after it announced an $88 million Series B3 round at a $2 billion company valuation.  The new round is an extension of the Series B3 round because there was demand from investors, CertiK co-founder Ronghui Gu told The Block. “Series B3 is oversubscribed. Considering the enthusiasm of investors, we managed to facilitate this extension,” he said. SoftBank Vision Fund and CertiK’s existing investor Tiger Global are the only …

Aurora-based DeFi protocol Bastion raises $9 million

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Bastion, currently the biggest DeFi protocol on the Aurora blockchain — a subnet of the NEAR blockchain — raised $9 million in a Series A funding round as it plans to expand. Three Arrows Capital led the round, with FTX Ventures, Jump Crypto, Jane Street, CMS Holdings, Crypto.com Capital and others participating. Bastion was launched last month by pseudonymous founder “N^2” aka “Near Squared.” The protocol offers a lending and stableswap platform on Aurora — an Ethereum-compatible scaling network created by …

CoinDCX raises $135 million, now valued at $2.15 billion

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Indian cryptocurrency exchange CoinDCX raised over $135 million in a Series D funding round led by Pantera Capital and Steadview. The round brings CoinDCX’s valuation to $2.15 billion, a spokesperson for the exchange told The Block. CoinDCX has doubled its valuation in just seven months. The exchange was valued at $1.1 billion in August when it raised $90 million in a Series C funding round. CoinDCX says it is now the highest valued crypto company in India. Other investors in …