The five largest newly launched funds collectively raised $2B, including:
> @yzilabs Builder Fund ($1B)
> @FoundationCap Fund II ($600M)
> @50TFunds Fund V ($500M)
> @RibbitCap Fund Y ($500M)
> @EntreeCap Early-Stage Investments Fund ($300M)
2.5 years ago @m0 decided to revolutionise digital money rails.
We did not join the stablecoin frenzy, we were the stablecoin frenzy.
So far, we raised $100m to make this real.
Welcome @polychain and @RibbitCap - our next years will be worth a lifetime.
We are thrilled to announce M0’s $40M series B round from @polychain, @RibbitCap and @endeavor_global’s Catalyst Fund.
M0 is building the universal stablecoin platform.
TOP raises $28.5M in a Series A at a $1B valuation
@RibbitCap led the round, with participation from @PanteraCapital. The round brings the firm’s total funding to $70M.
We’re proud to become the first unicorn in Web3 ecosystem in Telegram, reaching a $1B valuation in the latest equity funding round.
This milestone was made possible thanks to trust of @RibbitCapital and @PanteraCapital.
“This investment supports our long-term strategy to scale the adoption of blockchain-based products by leveraging the power of Telegram as a distribution channel. By combining @ton_blockchain with Telegram’s global reach, we’re building both the infrastructure and the consumer-facing apps needed to onboard a billion users to crypto.” - @rogozov, CEO and Founder of The Open Platform.
Read more: https://t.co/IBd3Ggtda5