San Francisco, USA / California, March 7th, 2024, Chainwire Firewall secures funding from North Island Ventures, Breyer Capital, and Hack VC to bulletproof smart contract...

Raising its assets to $425 million, Hack VC successfully closes $150 million for its Venture Fund 1, focusing on web3 and AI firms in...

Crypto venture firm Hack VC has closed a $150 million maiden fund, bringing total assets under management to $425 million. Hack VC is a...

Nonco has executed close to $6Bn in trading volume since its launch in April aiming to become a top digital asset brokerage. Brian Brooks (Valor...

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Superstate, an innovative asset management firm, announced today the successful closure of its Series A financing round, raising $14 million. This funding will catalyze...

Superstate announced it raised $14 million in its Series A funding round. The round was co-led by...

Cryptocurrency and blockchain companies continue to attract significant funding in the ever-evolving digital landscape. On October 18, 2023, two noteworthy funding rounds took place,...

FTX appeared to be the golden player of the crypto space for the last three years, but some investors – including Alex Pack, who...

Advertisement &nbsp &nbsp Opening and launching Across Protocol (ACX) and ACX/USDT transactions on MEXC Global Exchange is scheduled for November 28. Based on UMA’s...

Cryptocurrency company, Luno has launched an early-stage investment arm, Luno Expeditions, to back fintech and crypto or web3 startups across the globe, according to an announcement from TechCrunch. Luno launches investment arm to back over 200 fintech and crypto/web3 startups yearly https://t.co/Jc4jLltUef by @ulonnaya — TechCrunch (@TechCrunch) March 16, 2022 The investment arm will fund between 200-300 startups annually and diversify beyond crypto into the broader fintech space. The fund will invest between $50,000 to $250,000 and dig out between $15 million to $75 million yearly which essentially means an investment between $50 million to $300 million range will be committed when looking at typical investment periods of funds of around three-four years. CEO Jocelyn Cheng will spearhead this new project as she leads an all-female team of five. She has prior experience in investing in the startup industry over the last six years as the managing director at Global Innovation Fund, an impact investment VC. “There are very few truly global and very early-stage fintech funds in the world; we see an exciting opportunity here to build one. The reason why it’s not just pure crypto is that over the past few years, as operators scaling some of the largest crypto businesses in the world, we have noticed that there is such a strong intersection between some of the traditional fintechs and crypto,” said Cheng. Venture Capital Firms Bullish on Crypto Companies Earlier last year, leading venture capital firms such as Paradigm and Andreessen Horowitz have launched crypto funds upto $2.2 billion and $3 billion respectively. Additionally, there have been more crypto funds from Hack VC, Electric Capital, Crypto.com, and Inflection, all launched within the last three months. Luno Expeditions has already invested in 20 crypto and fintech companies such as Nala, a Tanzanian remittance solution; Oraan, a digital bank for Pakistani women; Notabene, a crypto compliance solution in Israel. Others include African crypto exchange platform Busha and fintechs Stitch and Root.

The post Luno Launches Venture Capital Firm Arm to Invest in Web3 Startups appeared first on Cryptoknowmics-Crypto News and Media Platform.

Blockworks Exclusive: The latest capital-raising effort comes after the venture firm raised $200 million for an early-stage crypto fund last fall

The post Hack VC Hikes Fundraising Stakes, Targets $500M for New Crypto Venture Fund appeared first on Blockworks.