VC Roundup: DeFi trading platform, Lightning Network payment line, and blockchain security business raise millions
The newest investment transactions from the blockchain and cryptocurrency industries include ZEBEDEE, Halborn, Hashflow, Socios, and EtherMail among their leading names.
Even if crypto winter has arrived, 2022 has been a pivotal year for venture capital investing. In the first half of 2022, crypto and blockchain businesses raised $30.3 billion in venture funding, surpassing all of last year’s totals. The number of acquisitions has decreased recently, but the venture capital (VC) industry is still very interested in firms at the convergence of cybersecurity, decentralized finance (DeFi), and blockchain payments. The most recent issue of VC Roundup features some of the most fascinating fundraising transactions from the previous month.
$35M Series B deal for ZEBEDEE
The gaming industry’s payment processor ZEBEDEE, which uses Bitcoin (BTC) as its currency, has secured $35 million from a number of investors, including Kingsway Capital, The Raine Group, and Square Enix. In essence, ZEBEDEE is a framework that enables game creators to use programmable currency, like as BTC, in their creations. According to Kingsway Capital managing partner Afonso Campos, ZEBEDEE is a “Bitcoin enabler of choice” for its partners since the payment platform is backed by Lightning Network.
As a result, everyone is aware that the Lightning Network rapidly transfers value and that it is constantly expanding with more than 4K Bitcoin held on its open channels. But how does it generate revenue?
Blockchain security firm secures $90M Series A funding
In July, Summit Partners led a $90 million investment round for the blockchain security company Halborn. Other investors included Castle Island Ventures, Digital Currency Group, and Brevan Howard. 2019 saw the establishment of Halborn, a company that provides blockchain security services. A phishing attempt that targets browser wallets was recently alerted to by the business, warning users of MetaMask to be cautious.
Hashflow, a DeFi platform, secures $25M in Series A investment.
San Francisco-based Hashflow, a decentralized trading platform for finance, has completed a $25 million investment round supported by some of the industry’s top venture capital firms. The funding round, in which Jump Crypto, Electric Capital, Dragonfly Capital Partners, and GSR participated, will help Hashflow increase the number of products it offers to institutional traders and market makers.
Barca Studios now owns 24.5 percent more thanks to Socios.
Early in August, the FC Barcelona football club’s digital production division, Barca Studios, received a $100 million investment announcement from the fan interaction token platform Socios. The blockchain technology company Chiliz’s Socios will assist FC Barcelona in advancing its Web3 and nonfungible token (NFT) engagement strategy. With a focus on NFT and metaverse initiatives, Barca Studios will use Socios’ blockchain to implement its plan and assist the football club in connecting with its sizable worldwide fan base.
Funding for wallet-to-wallet conversations is secured via EtherMail.
Email solution using Web3 Before launching its secured wallet-to-wallet communication service, EtherMail has raised $3 million. In order to lower the danger of communication fraud, Web3 organizations may communicate “rich, relevant material directly to their asset holders” via EtherMail, which is slated for deployment in the third quarter. The program also makes it easier to distribute neighborhood newsletters by allowing for independent, self-updating mailing lists. Greenfield One and Fabric Ventures took the lead in the seed round.