This week's funding rounds in Crypto
Dear EBC family,
February has already been such an exciting month in the blockchain and crypto space:
El Salvador Wants USA To Leave Them Alone On Bitcoin
Coinbase, BlockFi, Kraken Team Up on Anti-Money Laundering Initiative
Ukraine Passes Vote on Bill to Legalize Bitcoin
Colorado residents can now pay their taxes in crypto
EU to propose digital euro bill in early 2023
JP Morgan Moves Into the Metaverse
Funding Rounds
Polygon raises $450M in Series A - Led by Sequoia Capital and with participation from more than 40 VCs
Founded in 2017 · India
Polygon is the leading platform for Ethereum scaling and infrastructure development.
Polygon will use the funding to expand its scaling solutions, which includes Polygon PoS, Polygon Edge and Polygon Avail, and support mainstream adoption of Web3 applications.
Aleo raises $200M in Series B - Led by Kora Management LP and SoftBank Vision Fund 2 with participation from Samsung Next, Tiger Global, Sea Capital, Slow Ventures and Andreessen Horowitz
Founded in 2019 · US
Aleo is building a network that integrates zero-knowledge proofs, a cryptography technique that lets the platform become scalable, private and interoperable.
Aleo will use the funds to support developers in building applications within its private and scalable platform.
Tribal Credit raises $60M in Series B - Led by SoftBank Latin America Fund with Coinbase Ventures, BECO Capital, QED Investors and Rising Tide.
Founded in 2016 · US
Tribal Credit is a crypto-focused enterprise payment platform.
Tribal said it will use the cash injection to fund its operations across the Latin America region, including building local teams in Brazil, Mexico, Colombia, Peru and Chile.
MediLedger raises $8.3M in Series A - Led by True Global Ventures 4 Plus
Founded in 2017 · US
MediLedger brings together expertise in both Pharmaceutical Supply Chain and Blockchain technologies.
The MediLedger Project is building an industry-owned permissioned blockchain network for the pharmaceutical sector based on open standards and specifications. Network nodes are set to be distributed among and operated by industry participants and technology providers who serve the industry.
Helium raises $200M in series D - The funding included participation from Tiger Global, FTX Ventures, Multicoin Capital, and GV.
Helium is a decentralized network of hotspots that provides bandwidth for and collects data from nearby internet-of-things devices.
Hotspot owners receive Helium tokens, called HNT, for their efforts. The more a hotspot is used, the more HNT an owner gets.
The company previously raised around $110 million in VC funding plus $111 million last summer via a token sale led by Andreessen Horowitz.