Funding Roundup: Crypto companies in India, Germany secure VC funds

Funding Roundup: Crypto companies in India, Germany secure VC funds

Risk capital companies continue to distribute their funds on crypto startups around the world and thus mark another week in which dollars find their way into the room despite the Bavarians.

Blockchain-Startup from India 5IRD secured a $ 100 million series A led by investors such as Alphabit, Marshland Capital, Launchpool Labs and Moonrock Capital-which gives him the status of a unicorns, as it reached an assessment of $ 1.5 billion.

"5ire plans to grow aggressively in the implementation of the series of application cases and the provision of associated services for those who are willing to be ready to be pioneers in their business area by using 5irechain-based solutions.

The company currently employs an estimated 110 people and plans to further expand its teams for finance, human resources, technology, content, marketing, partnerships and business development.

known digital asset management platform GNOSIS SAFE renamed " Safe " after a community vote and $ 100 million in funding led by Krypto-Fonds 1KX in the early phase.

The foundation said that the money would allow Safe to develop a number of ecosystem applications and tools for its intelligent contract account protocol.

safe was not the only company with the 1KX expanded its health insurers this week. The company also led the financing of the cross-chain infrastructure protocol Li.finance.

elsewhere in Germany- never dismantled A web3 ecosystem development company that focuses on the provision of tools for users for reading, writing and owning collected digital assets 3 million euros (3 million US dollar) seed round led by signature venture and polymorphic capital.

The startup began as an incubation project within Keyko, a full-stack company for web3 products and services, and aimed to solve problems in connection with data exchange with tokenization and intelligent contract gateways. In the course of development it became a decentralized solution for digital assets with a broader applicability.

"We see many startups that try to combine data with blockchains. Nevermined is the first company that understands the complexity and offers actual solutions at the interface of data and web3," said Juliane Hahn, Managing Director of Signature Ventures, in a statement.

"In the future, every data -driven company will need the ability to transform its data silos into data ecosystems."

Don Gossen, CEO of NEEVINED, said Blockworks that the company is planning to concentrate its efforts on marketing and branding and to improve scalability by making its modular services more easily available via different channels.

Further capital increases last week:

• Animoca brands The Hong Kong game software and risk capital company behind The Sandbox, secured $ 75 million $ to expand its "Open Metaver" concept. After the increase, the company is now rated $ 5.9 billion.
• quadrat a startup that creates a web3 identity pass has led $ 7.5 million-seed round by Dragonfly Capital Partners.
• Decentralized sports game scorefam secured $ 25 million $ from global emerging market via an initial coin offer.