The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 6/19/21 featuring funding details for Eltropy, Curate, Coinme, BookClub, and thirty other rounds that you need to know about.
Hashkey
BlockFi Raises $50M to Connect Digital Assets and Traditional Finance to Make Crypto Mainstream
As a crypto investor, Zac Prince recognized how underdeveloped the ecosystem for financial products around crypto was. He cofounded BlockFi to advance the digital asset economy by enabling crypto to be used to help people achieve their financial goals within the existing finance ecosystem. Today, BlockFi offers interest-bearing crypto accounts, lending using crypto as collateral, and plans to roll out a credit card with crypto rewards. Zac shares some more insight about the company’s impressive traction ($1.5B+ AUM), the product pipeline, and latest round of funding from investors that include Morgan Creek Digital, Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, and Kenetic Capital. BlockFi is the only company that comes to mind that closed its Series A, B, and C rounds all within a period of 12 months!
Blockdaemon Raises $5.5M for its Leading Blockchain Infrastructure Platform
Blockdaemon is the leading blockchain node infrastructure platform that helps organizations create scalable enterprise blockchain solutions with node deployment in just three clicks. CEO and Founder Konstantin Richter shares more about the company’s vision to make blockchain accessible for developers and enterprises, the company’s future product roadmap, and latest funding round from investors that include Lerer Hippeau, Blockchain.com Ventures, SPiCE VC, and others.