Valuation Financial News

The Bitcoin-focused development and infrastructure firm Blockstream is seeking fresh funds at a valuation that “may be below $1 billion,” or about 70% lower than its most recent funding round in 2021, according to a Bloomberg report.

The depths of a bear market may not be the best time to raise funds but that is exactly what Blockstream is doing.

Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%. 

India-based Shardeum ended its $18.2 million seed funding, raising a valuation of $199 million.

Uniswap Labs, the company behind one of the world's leading decentralized exchanges, has announced the company has raised some $165 million in Series B funding. The funding round was led by California-based Polychain Capital, with participation from longtime investors Andreessen Horowitz (a16z), Paradigm, SV Angel, and Variant.

Major decentralized exchange (DEX) Uniswap is in the early stages of raising significant funds to further expand its decentralized finance (DeFi) offerings, according to a new report.

Private equity firms have been racing to shore up their portfolios and re-think future deals during a frenzied week of currency crisis and market volatility.

Bitcoin Depot is confident that its plan to go public at a $1 billion valuation through a special purpose acquisition company (SPAC) merger deal will be successful. 

Sam Bankman-Fried's crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company's valuation at roughly $32 billion, according to people with knowledge of the discussions.

On Tuesday, nonfungible tokens (NFTs) collection Doodles announced that it had raised $54 million at a $704 million valuation in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital and FTX Ventures. As told by Doodles, the investment will allow it to scale its growth strategy and monetize its intellectual property globally through ventures in the music, culture and entertainment industries.

Blockchain gaming firm, Animoca Brands, has achieved a $5.5 billion company valuation following the completion of its latest fundraising round which attracted $75.3 million from investors, including Liberty City Ventures and Kingsway Capital.

21.co, the new parent firm of exchange-traded products (ETP) provider 21Shares, has become “Switzerland's largest crypto unicorn,“ the firm announced on Tuesday.

The SPAC boom is officially a thing of the past.

A recent report from Absolute Reports projects massive growth for the GameFi industry within the next six years. 

On Wednesday, nonfungible token (NFT) domains platform Unstoppable Domains announced that it closed a $65 million Series A funding round at a valuation of $1 billion. 

Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. 

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Major crypto exchange FTX, which has positioned itself as the industry's savior, is reportedly looking to raise fresh capital at its January USD 32bn valuation.

For the first time in about a month, the combined crypto market capitalisation climbed back up above the $1 trillion benchmark.

blockchain company 5ire has raised $100 million at a valuation of $1.5 billion from UK-based SRAM & MRAM Group. The company was founded in August last year, by Pratik Gauri, Prateek Dwivedi, and Vilma Mattila. 5ire had earlier raised a funding of $21 million in its seed round at a valuation of $110 million in October last year, with participation from both private and institutional investors like, Marshland Capital, Launchpool Labs, Moonrock Capital, and other investors. “Our valuation jump has come from the fact of 12 pending patents that we have and all the other proof of benefit consensus that we've built… The UK-based conglomerate own about 800 hospitals a lot of real estates. So we will also get access to a lot of relationship capital,” said cofounder Gauri.

Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and «buy now, pay later» lenders.