Blockchain Capital related stories
All articles and analysis
Bitwise Asset Management scores $4 mln seedSan Francisco-based Bitwise Asset Management, a cryptocurrency index fund manager, has raised $4 million in seed funding. The investors included Khosla Ventures via Keith Rabois, General Catalyst via Hemant Taneja and Blockchain Capital.
- Templum rakes in $2.7 mln seed
New York City-based Templum, a regulatory compliant platform for initial coin offerings, has raised $2.7 million in seed funding. The lead backers were Raptor Group, Galaxy Investment Partners, Blockchain Capital and firstminute.capital.
PE HUB First ReadFirst Read kicks off the day with news that Amazon Studios head Roy Price has resigned amid sexual harassment allegations, IBM beats estimates but reports revenue decline for the 22nd consecutive quarter, and Regina Dugan, head of Facebook's secretive hardware lab, is leaving.
- Blockchain Capital raises $60 mln of targeted $75 mln fourth fund
San Francisco-based Blockchain Capital has raised $59,720,000 of a targeted $75 million fourth fund, according to a regulatory filing https://www.sec.gov/Archives/edgar/data/1719278/000171927817000001/xslFormDX01/primary_doc.xml The firm is led by brothers Brad and Bart Stephens and focuses on investments into blockchain technologies. Thus far, 76 investors have committed to the fund, according to the filing. In April, the firm raised $10 million of its third fund through an initial coin offering, or ICO, VCJ previously reported /vc-journal/meet-the-firm-that-wants-to-turn-fundraising-upside-down-with-the-blockchain/
Uncharted territory: Foundation Capital’s Paul Holland talks Kik’s ICOInitial coin offerings took the summer by storm, with more than US$1.5 billion raised from April through August. Reactions have been extreme and varied. For VCs, digital-token offerings present opportunities and challenges. They open the door to new liquidity for startups and investors, while presenting a host of regulatory issues. Waterloo-based Kik Interactive, the anonymous social-media app founded in 2009, is raising US$125 million by selling digital tokens called Kin. Paul Holland, a general partner at Foundation Capital, which invested in the company five years ago, spoke with Venture Capital Journal about the ICO strategy.
- Canada-based chat platform Kik to launch $125 million token sale: Reuters
Kik Interactive, the Ontario, Canada-based creator of the global chat platform Kik, valued at $1 billion, said on Tuesday it will launch in two weeks the sale of its own crypto currency which is expected to raise $125 million.
