BitcoinCrypto

Labs 15m Series Theblock Announces Its $100 Million Series B Round of Funding

Labs 15m Series Theblock is on a mission to make cryptocurrency exchange easier for all users. In its Series B funding round, the company plans to raise $100 million. It previously raised $11 million in Series A funding in 2020. While the details of the funding were not publicly announced, a few sources have confirmed it. The company is working with a variety of clients to develop a better cryptocurrency exchange system.

$15 Million Series A Round

Labs 15m Series Theblock companies like Xembly and Datadog are raising money in new rounds of funding. A Seattle startup that is building an automated chief of staff for employees recently raised $15 million from investors like Norwest Venture Partners and Amplify Partners. Pittsburgh’s Gather AI recently raised $10 million from Tribeca Venture Partners. The company also has investors such as Cruise CEO Kyle Vogt and Xplorer Capital. Its CEO Adrian Macneil says the funds will go toward expanding the company’s product engineering team and sales team.

Pfizer and Takeda Pharmaceutical Company

Labs 15m Series Theblock and Takeda Pharmaceutical Company Ltd. led the $15 million Series A round. The funding will be used for ongoing development of novel therapeutics. Cortexyme’s Board of Directors will include Pfizer’s Margi McLoughlin, as well as Takeda’s Ilan Zipkin and David Lamond.

In addition to Wagmo, Inc., the firm also invested in MDaaS Global Corp., which is building a network of diagnostic centers in Nigeria. Additionally, the company invested in Wagmo, a company that provides pet wellness and insurance to pets. The funding round also included other startups that are transforming the way people interact with each other.

nfinite and Candy Digital have also raised a $15 million Series A round from investors. The firm is working to expand its co-creation platform, called the Fabricant Studio. The company will use the funding to build the platform and scale operations in North America.

Plans to Raise $100 Million in a Series B Round

Theblock plans to raise $100 million in securing Series B funding to expand its offerings and infrastructure. The company plans to introduce cryptocurrency retirement accounts and expand its support for tokenized products and services. It also plans to launch security offerings that enable investors to earn rewards for staking their crypto. The company has raised capital from several investors including Fin Capital, Kraken Ventures, Commerce Ventures, and Payment Processing Firm FIS.

Issues with Unaudited Contracts

The Eminence project has been criticized for its problems with unaudited contracts. The contract was deployed from the primary Yearn address, enabling the deposit of DAI to mint EMN. However, the project has yet to provide a front-end for its users. This makes it difficult to know if the contract is exploit-proof or not.

Theblock is planning to raise $100 million in Series B funding, according to sources familiar with the matter. It previously secured $11 million in Series A funding. Neither round of funding was announced publicly, but it was confirmed by anonymous sources. With the new funding, the company plans to grow its operations globally and integrate more blockchains. As a result, the company is expected to close a Series B round of funding later this year.

Pantera Capital led a $15 million Series A round of 0x Labs

0x Labs is a San Francisco-based startup that provides decentralized exchange infrastructure. It recently raised $70 million in Series B funding from investors including Pantera Capital, Jump Capital, and Greylock Partners. It previously raised $15 million in Series A funding in 2021. The investment team included Joseph Perkins, managing associate Andrew Wallach, and associate John Calia.

Labs 15m Series Theblock focuses on blockchain technology, digital currency, and crypto assets. It has recently invested in Balancer, and has also been vocal about the future of Bitcoin. In fact, it has predicted that Bitcoin will reach a bull market as early as September 2020. As such, it is unlikely that the investment firm will slow down its investment strategy anytime soon. It plans to continue its focus on decentralized product offerings and decentralized systems.

Expand Operations Globally

0x Labs is a startup that is building a decentralized exchange infrastructure that enables the transfer of tokenized assets across multiple blockchains. The company has already processed more than $2.7 billion worth of trades since its launch in June. The company is also raising funds to expand its operations globally. The new funds will help the company build a trading desk and professional-grade aggregation service. The funds will also help further develop its open-source protocol.

Final Words:

The team behind 0x Labs consists of a small group of industry veterans. Its founders include Amir Bandeali, who was a trader at DRW Trading. The company has also brought in Rui Zhang, who previously founded a crypto startup in the energy space. Max Torres, meanwhile, heads up the company’s finance department. He has experience leading operational scale-ups at Opendoor and Dray Alliance. Another member of the team is Nicole Setter, who previously worked at /dev/color, where she managed community engagement and events.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button