venture capital

A brief history of Elon Musk funding his companies with his other companies

2 days ago admin2 0
SpaceX, a company that makes reusable rockets and plots colonies on Mars, is at the moment the most stable outfit in Elon Musk’s portfolio. Turns out that space travel might be an easier business than Tesla’s electric cars. That has Musk musing over whether SpaceX might provide the financing for his controversial plan to take Tesla Read More

Messaging Giant LINE Launches $10 Million Token Venture Fund

4 days ago admin2 0
Japanese messaging giant LINE has launched a token venture fund with a capital commitment of $10 million via its recently established subsidiary called Unblock Ventures. The publicly traded firm announced the fund in a release on Wednesday and said it aims to invest in blockchain startups in an effort to boost technological development. While Unblock Read More

Y Combinator’s New China Chief Is Bullish on Blockchain

5 days ago admin2 0
Y Combinator (YC) has just announced a new China division and its chief believes blockchain will bring long-term advantages to startups, according to a report The Silicon Valley-based seed investment firm, which has incubated notable startups including Reddit, Dropbox and crypto exchange Coinbase, officially announced its entry into the Chinese market in a blog post Read More

Goldman Sachs, JPMorgan Invest in Axoni’s $32 Million Funding Round

5 days ago admin2 0
Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners. Also participating in the round were Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others. The round raises Axoni’s total venture capital funding to over $55 million to date, Read More

Blockchain Provider Axoni Raises US$32M From Goldman Sachs, Nacy Partners

5 days ago admin2 0
Axoni Homepage Axoni, a provider of enterprise blockchain technology, has raised US$32 million in a Series B funding round led by Goldman Sachs and Nyca Partners. The round included participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator. It brings Read More

Singapore VC Unveils New Blockchain, Cryptocurrency Fund

1 week ago admin2 0
LuneX Ventures, a partnership between Singapore-based venture capital (VC) firm Golden Gate Ventures and its former head of growth Kenrick Drijkoningen, is looking to invest US$10 million into five to ten blockchain and cryptocurrency startups by the end of the year, the company said on Friday. LuneX Ventures claims to be Southeast Asia’s first dedicated Read More

Who in the world will fund Elon Musk’s bid to take Tesla private?

2 weeks ago admin2 0
When Elon Musk tweeted on Aug. 7 that he had “funding secured” to take Tesla private, it set off a global guessing game. Who has the cash to buy out Tesla shareholders? The price tag to to take the company private, even if Musk keeps his 20% stake as promised, could top $66 billion, going by Musk’s Read More

Blockchain Startups Have Raised US$1.8B In VC Funding So Far This Year

2 weeks ago admin2 0
Image: Cryptocurrency, by Marc Bruxelle, Shutterstock.com Blockchain companies raised US$1.8 billion through 343 deals during the first half of 2018, a new record for venture capital (VC) investment in the sector that highlights soaring demand from VC firms, according to a new report by blockchain VC firm Outlier Ventures. The trend has been largely driven Read More

Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto

2 weeks ago admin2 Comments Off on Handshake Revealed: VCs Back Plan to Give Away $100 Million in Crypto
A long-secret cryptocurrency project whose investor deck once touted Burning Man as central to its anti-capitalist ethos has finally arrived. Released Thursday, Handshake, backed by top venture capitalists and some of the most well-known blockchain developers, has raised $10.2 million for an attempt to replace the digital entities that today authenticate web payments, in the Read More

KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017’s Total

3 weeks ago admin2 Comments Off on KPMG: Blockchain Funding in US This Year Has Already Surpassed 2017’s Total
Investment in the blockchain industry is booming in the U.S., according to “Big Four” auditing firm KPMG. Published Tuesday, the company’s “Pulse of Fintech 2018” report states that traditional venture capital investments in U.S.-based blockchain companies in the first half of this year have already exceeded the total for 2017, though it did not specify Read More