Ethereum (ETH)-based decentralized video streaming startup Livepeer announced that it raised $8 million from institutional investors in its Series A funding round in a Medium post published on June 17. Per the announcement, the startup will use the newly acquired resources to support the further development of the Livepeer protocol, network, software and ecosystem to further adoption. The round was reportedly led by venture capital firm Northzone, which was also one of the first investors in Spotify. Other participants in the round purportedly include Digital Currency Group, Libertus, Collaborative Fund, Notation Capital, Compound, North Island, Coinfund, Haivision and StakeZero. Furthermore, …
United States-based blockchain identity startup BanQu announced that it closed an extension of its series A funding round led by multinational drinks and brewing company Anheuser-Busch InBev’s investment arm. The development was announced in a post on June 6. Per the announcement, the undisclosed amount of funds have been raised by ZX Venture to allow BanQu to continue the development of its supply chain transparency and traceability, and continue its geographic expansion. Crunchbase estimates the annual revenue of the funding company — which owns the Budweiser, Corona, Leffe and Becks beer brands — to be $22.1 billion. The startup in …
Compliant tokenization startup Standard Tokenization Protocol (STP) announced that it secured $7 million in funding in a press release shared with Cointelegraph on May 29. Per the release, STP raised the funds in two separate private funding rounds from multiple venture capitalists by selling its STPT token, with $5 million in the first round and $2 million in the second. The investors cited by the company are Neo Global Capital, BlockVC and AlphaBit. The announcement explains that STP’s service is designed to allow for the compliant and transparent tokenization of assets, as well as provide fractional ownership and improve returns …
United States-based stock and crypto trading app Robinhood is set to raise at least $200 million in a new funding round, Bloomberg reported on May 24. Per the report, an unspecified source familiar with the matter told the outlet about the company’s plans to raise further funding. Moreover, Bloomberg reports that the round would increase the firm’s value to between $7 billion and $8 billion, but that the details could change. Other people familiar with the matter also told Bloomberg that the new funds come from existing investors, all of whom asked not to be identified and to keep the …
The Ethereum Foundation has announced a three-pronged approach to allocating the $30 million it has designated for developing the Ethereum network over the next year, in an official blog post on May 21. The breakdown for the three categories is future projects at $19 million, current projects at $8 million, and developer supports at $3 million. Much of the funding will go to Ethereum 2.0 projects including client teams, research, documentation and communication, and layer two projects like Plasma. Plasma, which was first proposed by Vitalik Buterin and Joseph Poon in 2017, is scaling solution for the network employing autonomous …
The United States-based startup Sparkswap has completed a successful seed funding round to create a decentralized exchange based on the Bitcoin (BTC) Lightning Network. A blog post revealed the development on Monday, April 8. According to Sparkswap’s founder Trey Griffith, the company raised $3.5 million from investors including Initialized Capital, Pantera Capital, Foundation Capital and Y Combinator. The startup intends to create a decentralized exchange that will be protected from hacks, while still processing transactions on blockchain. Sparkswap started testing its mainnet on Jan. 2, 2019, which is driven by Bitcoin’s Lightning Network. Its core technology, Atomic Swap, allows users …