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Crypto manager Ikigai raises $30 million for web3-focused venture fund

Ikigai Asset Management, a Puerto Rico-based crypto asset management startup that deploys capital for more than 275 investors, announced Tuesday that it raised $30 million in venture funding.  Ikigai opened up the investment pool to any of its 275 limited-partner investors. The firm intends to use the venture funding for its Ikigai Trust Revolution Opportunities fund, which is designed to invest in startups or projects related to the metaverse, blockchain gaming, non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs) and other …

Certora Announces $36 million Series B funding round led by Jump Crypto

Certora, an Israel-based company that provides security analysis tools for smart contracts, announced it has raised $36 million in a Series B round led by Jump Crypto. The round featured participation from Tiger Global, Galaxy Digital and existing Series A investors, including Electric Capital, ACapital, Framework Ventures, Coinfund, Lemniscap, Coinbase and VMware, according to a statement on Tuesday. Certora enables smart contract developers to detect mistakes before deploying code post audits. DeFi protocols including Aave, Balancer, Compound Finance, MakerDao, Sushi and others use Certora to protect …

Tiger Global leads $15 million Series A for Coinshift

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 …

Revolut founder set to launch venture capital fund powered by artificial intelligence

Revolut founder Nik Storonsky is set to launch his own venture capital fund, powered by artificial intelligence.  The new venture — dubbed QuantumLight Capital — will be worth around $200 million, with funds supplied by Storonsky and other investors, Forbes reported on Tuesday.  “We are built as a technology company by a team of tech unicorn founders, quant traders, AI scientists and engineers,” the QuantumLight website states. The fund will identify investment opportunities using a machine called Aleph as its “proprietary …

 Crypto VC firm Paradigm communications chief Jim Prosser to step down next month

Jim Prosser, head of communications at crypto venture capital firm Paradigm, said early this morning via Twitter that he would be leaving the company after working there for about a year. “Personal news,” said Prosser’s post, “I’m leaving @paradigm later next month. The past year has been an incredible learning experience alongside the smartest team in all of crypto investing, but I want to take a pause after a decade of demanding roles.” He previously worked as a communications executive …

6th Man Ventures is raising $145 million for a second crypto fund

Mike Dudas of 6th Man Ventures has amassed the bulk of $145 million from a who’s who of big name crypto investors for his second venture fund. 6th Man Ventures, a venture capital firm co-founded by Dudas and StayTuned Digital CEO Serge Kassardjian, is the final stages of closing the $145 million raise, Dudas said in an interview with The Block. They have already collected $140 million. Limited partners for the fund include Galaxy Vision Hill, Three Arrows Capital, Sino …

Web3 development platform Moralis reels in $40 million in Series A

Web3 development platform Moralis said on Wednesday that it has snagged $40 million in a Series A funding round.  Investors in the platform, which launched last June, include EQT Ventures, Fabric Ventures, Coinbase Ventures and Dispersion Capital, among other angels.  The Stockholm-based business, which provides infrastructure for developers to build and launch apps, games and NFTs cross-chain, said in a release that it will use the money for product development, improving user experience and scaling to both increase its client …

Fasanara Capital raising $350 million for its third venture fund

Fasanara Capital, a London-based asset manager and investor, is raising $350 million for a new venture capital fund to back crypto and fintech startups. Around $100 million of that amount has already been raised, Francesco Filia, CEO of Fasanara Capital, told The Block in an interview. This is the first time Fasanara will invest in crypto startups, said Filia, adding that the firm’s previous two venture funds, with a combined worth of $550 million, focused purely on fintech startups. ‘Chaos …

Bitcoin self-custody company Casa raises $21 million in Series A, launches new API

Bitcoin self-custody company Casa raised $21 million in its Series A round, the company announced today. The round was led by Acrew Capital, with participation from previous investors Avon Ventures, Stillmark, Tioga Capital, Castle Island Ventures and Lerer Hippeau. New investors also joined the round, including Positive Sum Ventures, AngelList CEO Naval Ravikant and Adobe Chief Product Officer Scott Belsky. The US-based company, which specializes in building self-custody wallets, has also announced a new Application Programming Interface (API), a tool that …

Crypto exchange KuCoin reaches decacorn status in latest funding round

Crypto exchange KuCoin’s valuation has hit $10 billion following a $150 million funding round led by Jump Crypto. The raise was its first in four years and was also supported by Circle Ventures, IDG Capital and Matrix Partners, the firm said in a release on Tuesday. The move comes as KuCoin looks to push further into the web3 ecosystem. In April, its venture capital arm set out its stall with the launch of a $100 million “Creators Fund.” The influx …