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Li.Fi said that the fundraise will help them execute their long term strategy of getting more users into the Web3. In the latest development, Li.Fi – the multichain liquidity and data gateway provider – raised a total of $17.5 million in Series A fundraise co-led by crypto native investment firms
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CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator. Source
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The company, which provides a way for crypto companies to access the fiat payment system, aims to capitalize on South Korea's "high level of crypto acceptance" and assist local firms in achieving greater internationalization, according to a statement shared with CryptoX. It has previously worked with the likes of Visa,
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The cryptocurrency market has had a strong start to the year, with Bitcoin (BTC) up 71% and Ethereum (ETH) up 51% since January. Many investors are
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The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at
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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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