Several high-profile investors have confirmed investing in a funding round that raised $28 mln for Harbor, a Blockchain company looking to remove legal barriers to securities trading, in press release today, April 17. Harbor, which already secured a $10 mln Series A round in February, has this time received fresh cash from moguls including Silicon Valley’s Andreessen Horowitz and Blockchain investment fund Pantera Capital. According to their press release, through a so-called R-Token system, Harbor will allow client businesses to smooth over trading of “a new wave of tokenized securities backed by real-world assets, such as real estate, company equity, …
Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, has announced it has raised $325 million for its second fund from 70 different investors. The fund is focused on virtual and augmented reality, artificial intelligence and blockchain-based games. In a Tuesday announcement, Galaxy Digital, the majority owner of Galaxy Interactive, stated that $150 million from the fund has already been allocated to new portfolio companies, including Republic, 1047 Games, Elodie, Roar, Art Blocks and Masterworks, with other additional investments to be announced in coming months. Established in 2018 by general partners Sam Englebardt and Richard Kim, the company …
Esports, gaming and interactive media investment platform Bitkraft VC has established a $75-million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible tokens (NFT). In order to provide regulated investment opportunities, Bitkraft received an investment advisor registration from the United States Securities and Exchange Commission in June 2021. The new token fund is led by Piers Kicks, a founding partner in the investment arm …
Even though crypto markets appear to be on a long, arduous path ahead based on recent weeks of token turmoil, venture investors looking to get their hands on a Web3 future aren't slowing down. On Wednesday, venture capital giant, a16z, announced closing its fourth cryptocurrency fund at $4.5 billion. This brings the total money invested by Andreessen Horowitz in digital currency and blockchain business to more than $7.6 billion. The new investment vehicle will focus on early-stage ideas as well as projects that are more mature and have already shown some traction. According to the firm, $1.5 billion of the …
Blockchain Founders Fund, a venture capital fund supporting the adoption of Web3 and blockchain technology, has announced the close of a $75 million fundraising round from companies such as Polygon, Ripple, Octava, NEO Global Capital, Appworks, GSR, LD Capital, Metavest Capital and others, such as Sebastien Borget, chief operating officer of The Sandbox. According to the announcement, the fund will focus on supporting high-potential early-stage pre-seed and seed projects that encourage the mass adoption of Web3 and blockchain technology. The fund has already invested in over 100 startups, including Altered State Machine, Splinterlands, GRID, Krayon and Magna. In an interview …