MoonPay: the ‘PayPal for crypto’ raises $555m in first ever funding round

To the Moon

MoonPay, a start-up that lets users buy cryptocurrency through conventional payment methods like credit cards, has raised just over half a billion dollars in its first ever funding round.

The whopping $555 million (£414.7m) comes off the back of record funding for blockchain start-ups this year. Just last week, the Winklevoss twins’ crypto exchange Gemini raised $400 million whilst Ethereum co-founder Joseph Lubin’s ConsenSys landed $200 million.

Led by Tiger Global...

ConsenSys raises $200m from HSBC and Third Point to fund Web3 vision

Fox - MetaMask / ConsenSys

ConsenSys, a leading Ethereum software company, has raised $200 million (£149m) from investors including HSBC and US hedge fund Third Point, bringing its valuation to $3.2 billion (£2.38bn).

The New York-based start-up provides a whole host of products and services for the decentralised Web3 ecosystem, most notably the app and web browser extension MetaMask.

MetaMask allows users to hold, send, and manage digital assets in a flexible wallet that can connect with other...

Gemini raises $400m as Winklevoss twins gear up metaverse plans

Gemini

Gemini, the New York-based cryptocurrency exchange, has raised $400 million (£298m) through growth equity financing led by Morgan Creek Digital.

This is the first time the company has received external financing from other companies, with private equity firm 10T, blockchain investor ParaFi, and even the Commonwealth Bank of Australia getting involved.

Gemini, which was launched by Cameron and Tyler Winklevoss in 2015, now sits at a $7.1 billion (£5.28bn)...

Blockchain Association boosts lobbying power with $4m funding injection

Capitol Building

The Blockchain Association, a lobbying group for improving public policy towards crypto and decentralised ledgers, has raised $4 million (£2.97m) in new funding.

A decentralised web advocate group, the Filecoin Foundation, provided half the funding with the promise of an additional $2 million (£1.49m) if the Blockchain Association can match it through outside funding.

Crypto exchange Kraken and Digital Currency Group – the parent company of CoinDesk – contributed...

Reddit co-founder sets up $100m investment initiative with Solana

Social Media

Reddit co-founder Alexis Ohanian’s venture firm has teamed up with the Solana blockchain’s venture arm for a $100 million (£74m) investment initiative into decentralised social projects.

Seven Seven Six, Ohanian’s firm, will pay for half of the initiative with Solana coughing up the remaining $50 million.

Ohanian gave his thoughts on Solana at a conference in Lisbon on November 9: "With a high-performance blockchain like Solana, there is an unprecedented...

France FinTech launches €100m blockchain initiative funded by Binance

Binance Logo

France FinTech, a non-profit association that promotes financial technologies in France, has launched a €100 million (£85m) initiative to support the development of the French and European blockchain ecosystem.

The initiative, which is being fully funded by leading cryptocurrency exchange Binance, will see the development of a research and development hub in France, a decentralised ledger accelerator, and an online education programme.

The education programme is being...

Alchemy valued at £2.5bn following Series C funding led by a16z

Cobweb

Alchemy, a leading infrastructure provider for blockchain and Web3 developers, has raised £183 million in its Series C funding round, bringing its valuation to £2.56 billion.

The round was led by venture capital firm a16z, with Lightspeed and Redpoint also joining as new investors. Existing investors Coatue, DFJ, and Pantera also participated with additional investment.

The company, which compares its role in blockchain and Web3 development to Amazon Web Services’...

Elliptic raises £44m in Series C funding round

Analysis

Blockchain analytics firm Elliptic has raised £44.1 million in a Series C funding round.

The funding was led by cybersecurity-focused Evolution Equity Partners, with participation from Softbank Vision Fund 2 and an array of existing investors.

As part of Evolution Equity’s leading investment, Richard Seewald, founder and managing partner at the venture capital firm, has joined Elliptic's board of directors.

Founded in 2013 and headquartered in London,...

Ojamu raises £1.25m for its blockchain-based marketing platform

Marketing Strategy

Ojamu, a marketing technology (MarTech) platform, has raised £1.25 million in an oversubscribed private sale.

The company leverages blockchain, AI, and NFTs to create automated digital marketing campaigns for brands.

The platform itself is designed to be interoperable across leading blockchain networks such as Ethereum, Solana, and Avalanche.

Among the many venture firms involved in the sale were Ascensive Assets, Master Ventures, Moonrock Capital, Morningstar...

Yellow Card secures largest ever funding for an African crypto exchange

Africa

Yellow Card has emerged as Africa’s fastest growing cryptocurrency exchange after securing £12 million in Series A funding.

The largest ever by an African crypto exchange, the round was led by Valar Ventures, Third Prime, and Castle Island Ventures with participation from Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, and more.

Yellow Card will use this funding from some of the biggest venture funds in blockchain to scale its operations across Africa...