Tom Matsuda / The Block:
Crypto payments startup Ramp raised a $70M Series B co-led by Mudabala Capital and Korelya Capital at an estimated $450M+ valuation — – Crypto payments firm Ramp has raised $70 million in Series B funding as the founder claims its valuation has increased by more than 50% in a “very healthy” up round.
Brandy Betz / CoinDesk:
Blockchain intelligence startup TRM Labs raised a $70M Series B extension led by Thoma Bravo, bringing the round to $130M — Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures also participated. — Blockchain intelligence firm TRM Labs has raised $70 million …
Tom Matsuda / The Block:
Coral, which is building a wallet called Backpack for so-called xNFTs in DeFi apps, raised $20M co-led by FTX Ventures and Jump Crypto — – Coral, known for creating Solana developer framework Anchor, has raised a $20 million strategic funding round co-led by FTX Ventures and Jump Crypto.
Tom Matsuda / The Block:
London-based Tesseract, which plans to tokenize renewable energy purchase agreements, raised $78M via an equity and token sale from Balderton, Accel, and others — – Former Revolut employees have raised a $78 million round for Tesseract, a web3 startup that aims to tokenize the energy business.
Tom Matsuda / The Block:
Crypto market maker Portofino, founded by former Citadel Securities executives, emerges from stealth with $50M from Peter Thiel’s Valar Ventures and others — – Former Citadel Securities execs Leonard Lancia and Alex Casimo have raised $50 million as they launch crypto market maker Portofino Technologies.
Ingrid Lunden / TechCrunch:
Tel Aviv-based Cymulate, which helps cybersecurity teams stress test their networks, raised a $70M Series D led by One Peak, sources say at a ~$500M valuation — The cost of cybercrime has been growing at an alarming rate of 15% per year, projected to reach $10.5 trillion by 2025.
Lucy Harley-McKeown / The Block:
Web3 gaming and VC firm Animoca Brands raised $110M via convertible notes led by Temasek, Boyu Capital, and GGV, after raising $434M in 2022 — – Animoca Brands confirmed earlier reports it had raised a fresh funding round of $110 million. — Temasek, Boyu Capital and CGV Capital are now backing the firm.
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