Crypto Deal Flow: July 14
1.The Rochester Institute of Technology | COSIMO X | $1–9m about | fund
The Rochester Institute of Technology, a private university in New York with 19,000 students, has become the first of its kind to invest in a new tokenized fund. Investment firm Cosimo Ventures said they received a seven-figure investment from Rochester Institute of Technology (RIT) into its new, blockchain-focused tokenized fund, COSIMO X. Cosimo invests in what they call “deeptech,” companies working in areas such as blockchain, cryptocurrencies, artificial intelligence, the Internet of Things, big data, and virtual and augmented reality. Harvard, Yale, and MIT have made indirect investments into digital assets and blockchain technology through traditional venture funds such as Andreesen Horowitz and Paradigm, but RIT is the first to directly hold a tokenized economic interest in a digital security form, they say.
Cosimo Ventures: https://cosimoventures.com/
2. VMware | Digital Asset | no info| Series C round
Digital Asset, Creators of DAML, Adds VMware As Investor in Series C Round. Digital Asset, the creators of the open source DAML smart contract language, announced today that VMware has joined the company’s Series C financing round, which was announced last December. With the investment, VMware joins technology leaders Salesforce Ventures and Samsung Venture Investment Corp (Samsung) as investors in Digital Asset and its growing ecosystem of DAML partners. According to Crunchbase, Digital Asset has already raised $ 142.2 million. Products can be found here.
Digital Asset: https://www.digitalasset.com/
3. Robinhood | TSG Consumer Partners and IVP | $280m| Series F round
Robinhood raised another $ 280 million in Round F from TSG Consumer Partners and IVP. Prior to this, $ 320 million was raised in round F from NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures. Robinhood is valued at $ 8.6 billion. The application became very popular during the pandemic, in May the number of new users with live balances reached 3 million. Recently, users of Robinhood after watching a video in TikTok began to actively buy a Dogecoin, which caused a sharp increase in the price of the asset. Through the application, you can invest in 17 cryptocurrencies.
4. Metaco |Giesecke + Devrient + others| $17m| Series A round
Metaco a crypto custody platform raised $ 17 million from Giesecke + Devrient (lead investor); Standard Chartered Bank and Zuericher Kantonalbank, venture capital firm Investiere — new investors of the round; Swisscom, SIPCA, Avaloq and Swiss Post are investors of previous rounds who have increased their positions. Metaco allows to integrate cryptocurrencies and tokens into the infrastructure of institutional financial organizations (banks, exchanges, large funds, etc.). Metaco operates in compliance with regulatory requirements, including FINMA, BaFin, Banco de España, ECB and MAS. After such investments, there is no doubt about the future of cryptocurrencies and tokenized assets.