Crypto Deal Flow: August 17–20
Over the past 4 days, there have been many large deals in cryptocurrencies. Let’s take a quick look at them:
- Grayscale| $217m
Grayscale began advertising on TV and raised a record $217m in product funding last week. Fresh blood comes into cryptocurrencies!
2. Robinhood| $200m | D1 Capital Partners | series G round
Robinhood closed the $280m F round last month, followed immediately by the $200m G round. We remember that through this application you can buy financial and cryptocurrency assets. The investor of the round is D1 Capital Partners. In July, the company was valued at $8.6 billion. Current estimate is $11.2 billion.
3. Qtum| $1m | new fund
The Qtum blockchain will also develop DeFi and provide funds to fund third-party applications, starting at $ 1m.
4. Tahinis Restaurants | reserves go in crypto
Small businesses are also starting to convert their reserves to bitcoin. As a reminder, Microstrategy Corporation bought 21454 BTC last week. Now the local network of 7 restaurants Tahinis Restaurants has announced the transfer of its fiat reserves to bitcoin. I am almost sure that the reserve in the cryptocurrency will become the standard in a few years for all companies that want to be protected from financial disasters.
Tahinis Restaurants: https://www.tahinis.com/
5. Grafana Labs| $50m | Lightspeed Venture Partners and Lead Edge Capital Management | series B round
Grafana Labs raised $ 50m in Round B from two investors Lightspeed Venture Partners and Lead Edge Capital Management. The company develops data visualization tools used by cryptocurrency companies and corporations. In particular, the possibility of visualizing data on Bitcoin, Ethereum, Polkadot, IOTA is indicated.
Grafana Labs: https://grafana.com/
6. Morpher| $2.5m | Apex Ventures and Draper Associate | seed
Morpher raised $ 2.5m in seed from Apex Ventures and Draper Associates. On the exchange, you can trade cryptocurrencies, stocks and currencies. USP of the exchange — zero commissions.
7. VCC Exchange| $1.5m | 100x Ventures | strategic round
Vietnamese cryptocurrency exchange VCC Exchange received $1.5m in a strategic funding round from 100x Ventures (investment structure of BitMex exchange). The funds will be used to popularize the exchange in the region.
8. OIN Finance| seed
Another DeFi project was funded by a group of foundations and private investors. The name is OIN Finance, with a full suite of DeFi products. The amount of the deal was not disclosed. Investors include FBG Capital, CM$ Prime, Signum Capital, Alameda Research, FTX, Blockwater Capital, Ruby Capital, MoonWhale Ventures and several private investors.
OIN FInance: https://oin.finance/
9. BlockFi| $50m | group of investors| series C round
BlockFi raised $50m in series C round from investors from the previous round and new investors. Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, Michael Antonov, NBA player Matthew Dellavedova and two university funds are now on board. The project offers deposits in cryptocurrency, loans secured by cryptocurrency and cryptocurrency exchange.