Crypto Deal Flow: August 3
5 crypto deals:
- Electric Capital| $110m | institutional investors| new fund
Electric Capital raised $ 110 million from institutional investors (they write that there are even endowment funds) to a second fund that will specialize in DeFi and decentralized marketplaces. The portfolio of the first fund contains such successful projects as Elrond, Maker, Zcash and others.
Electric Capital: https://www.electriccapital.com/
2. Hedget| $500k | FBG Capital and NGC Ventures| seed
DeFi platform Hedget raised $ 500k from FBG Capital and NGC Ventures. The team is developing decentralized options trading using Chromia’s Layer-2 Ethereum solution.
3. MVIS Indices| Bluestar Indexes| acquisition
MVIS Indices acquired BlueStar Indexes. The joint company is going to strengthen the market with new cryptocurrency products. MVIS are known for partnering with Cryptocompare. Everything goes to the fact that after a while there will be institutional-level ETFs for cryptocurrencies. The process is long, but the trend is clearly visible.
MVIS Indices: https://www.mvis-indices.com/
4. DIA | token sale
DIA started a Bonding Curve token sale yesterday. The token price ranged from $0.637 to $1.227. The sale will last until August 18, but the tokens are already traded on Uniswap.
5. Huobi | Huobi DeFi Labs | new fund
Huobi launches a fund that will invest the group’s money in DeFi. For this, a separate division of Huobi DeFi Labs has already been created. The exchange recently hired former banker Sharlyn Wu as its chief investment officer to lead the initiative. According to the company, millions of dollars have already been reserved for this direction.