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...

EMURGO to invest $100m into Cardano ecosystem

A bundle of $100 notes.

EMURGO, a blockchain solutions company and the commercial arm of Cardano, plans to invest $100 million (£73m) into the network’s ecosystem.

In a tweet, the company said the funds will be used to “accelerate DeFi, NFT solutions and blockchain education".

The announcement came during the Cardano 2021 Summit on September 26.

EMURGO CEO Ken Kodama followed the announcement with another tweet, saying: “Please contact us if you would like to receive investment...

Avalanche rakes in £167m of funding led by Polychain

Avalanche

Avalanche, a proof-of-stake and smart-contract enabled cryptocurrency, has received £167 million in funding through a private sale led by Polychain and Three Arrows Capital.

R/Crypto Fund, Dragonfly and CMS Holdings also invested substantially by buying up the company’s native AVAX token.

Avalanche is an ultra-fast and eco-friendly blockchain protocol with a growing ecosystem of decentralised finance (DeFi) products.

Avalanche has experienced monumental...

Fluency valued at £17m with CBDC interoperability solution

Bank

Fluency, a CBDC blockchain enterprise platform, has raised £940,000 in seed funding to give it a £17 million valuation.

The company’s Aureum solution is being created to help build and interconnect national CBDC networks with cash retail banking, supporting the transition from cash to a CBDC.

Its smart contract platform enables issuance, distribution and exchange of multiple CBDCs between central banks, commercial banks, merchants, and consumers.

Having...

Blockchain start-ups see record Q2 despite crypto plunge

Plant growing from coins

Blockchain start-ups worldwide raised a record £3.2 billion in funding during Q2 2021, in spite of the significant decline the cryptocurrency market has been experiencing since mid-April.

This data, collected by analytics firm CB Insights in its 'State of Fintech' report, represents a 50% increase over last quarter and a ninefold increase compared to the same time last year.

The global fintech industry also reached new heights in this quarter, with £22.4 billion being...

Blockchain Technology Partners raises £2 million for distributed ledgers tech

A collection of Sterling notes.

Enterprise blockchain firm Blockchain Technology Partners (BTP) has closed a seed round of £2 million.

BTP was founded in 2018 with the mission to bring the benefits of distributed ledger technology to business. BTP enables organisations to build multiparty applications by taking care of the underlying technology infrastructure. The company’s flagship offering, Sextant, radically simplifies the deployment and management of enterprise blockchain infrastructure.

Drastic...

Chainalysis valued at £3.6 billion after series E funding

ICO - ICOBox

The blockchain analytics and intelligence firm, Chainalysis, has raised $100 million (£72m) after its fifth round of funding, bringing its total valuation to $4.2 billion (£3.6bn).

Funding was led by investment management company Coatue, with further funds being provided by Benchmark, Accel, Addition, Dragoneer, Sequoia Heritage and SVB Capital.

This latest round of funding follows on from a successful series D round back in March 2021 in which Chainalysis raised $100m...

Blockwall creates venture capital fund for blockchain startups

a pile of Euro notes.

Blockwall Management, a Bafin-registered asset manager, has closed its Blockwall Capital II fund. 

The target volume for the venture capital fund, which invests in pioneering blockchain startups, is up to €50 million (£42.97). The final closing is scheduled for the end of 2021.

The new fund focuses on equity investments in early-stage startups that can advance tangible applications based on blockchain technology and thus add real value to businesses. The venture...