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Hardware wallet provider Ledger has raised 100 million euros ($109 million) in a Series C funding round extension, placing its valuation at 1.3 billion euros ($1.4 billion), in line with its previous funding in June 2021, Bloomberg reported on March 30. The funding is the first of three investment rounds. As
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Paris-based Ledger will have a second close for the funding round in the middle of April and a third could follow depending on demand, according to the story. Investors in the round included returning backers 10T, Cap Horn, Morgan Creek, and Cathay Innovation. New investors included True Global Ventures, Cite
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Web3 investors such as 1kx, ConsenSys, Collab+Currency, Wicklow Capital and Seed Club were among firms joining the investment round. Source
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Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining. Original Source
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The investment comes after traders started to bet on the potential of AI and crypto, following the recent rise in popularity of AI-driven chatbots such as ChatGPT and image generation software DALL-E. Both of these are traditional software that do not use cryptocurrencies or blockchain, However, a spike in institutional
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“One of the central bottlenecks to innovation in today’s crypto ecosystem is the requirement for projects to bootstrap trust, or cryptoeconomic security,” said EigenLabs founder and CEO Sreeram Kannan in the press release. “We started working on EigenLayer in the hopes of creating a new model in which developers can
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The funding round was led by market maker and investment firm DWF Labs and gives the firm a valuation of $400 million. Source
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According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term. The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by
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On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget Invests $30 Million in Bitkeep; Wallet Firm Is Now
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Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger. Participants in the round include
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