Composable Finance Raises $32 Million in Series A

2022-4-1 20:13

Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, Blockchain Capital, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those who participated.

This latest round of funding marks another step in Composable’s journey to build and launch what it believes to be the final missing “LEGO” building block in the Web3 and DeFi technical stack: cross-chain composability. Composable argues that despite composability being a defining characteristic of DeFi and Web3, it is, with disappointment, limited to isolated chains and layers in its current form. To that end, Composable Finance is among the first to develop a development and execution environment that aims to deploy orchestration logic that allows for ecosystem – agnostic, cross-blockchain communication in a truly decentralized fashion.

The fundraise comes after the successful procurement of two parachains, both on Polkadot (Composable Parachain) and Kusama (Picasso Parachain). Composable has also built out its offering with Mosaic, its transfer-availability layer, Centauri, the IBC Substrate bridge to the Cosmos ecosystem, and Pablo, our next generation decentralized exchange on Picasso. The new capital will be used to expand the team and build products that push the blockchain and Web3 industry further along the continuum of interoperability. Futuristic capabilities like cross-chain computing, with smart contracts that span multiple ecosystems, and developers that spin up protocols that securely handle institutional throughput, are a reality through Composable’s cross-chain virtual machine (XCVM) and Routing Layer.

Both sit on our new Composable Parachain, which benefits from Polkadot’s shared security and scale. Composable believes it can achieve a point of absolute blockchain agnosticism, standardizing access for DeFi applications, wherein developers and users enjoy ultimate user accessibility and optimized function across multiple ecosystems.

Investors at Figment commented, saying: “We are excited to partner with the team at Composable Finance. Throughout this process, we have seen the team build incredible projects at a particularly amazing rate. We believe the launch of their parachains on Polkadot and Kusama as well as their building a suite of cross-chain DeFi applications, will ultimately lead to greater user adoption of these ecosystems.”

Rob Zhuang, Head of Operations, connects product, design, and development to optimize the team’s performance. He believes the new round will enable Composable to deepen its world-class team: “Effectively harnessing the talent, we have to build a world-class team that can execute and solve DeFi’s pressing challenges has been core to what we do at Composable. I am excited for what lies ahead as we empower our team to define the future of DeFi.”

Zain Awan, Composable’s Chief Marketing Officer (CMO), acknowledges the significance of this event in scaling their processes and easing adoption barriers: “One of our core strategies has been to lower the barrier of entry into DeFi through effective communication, education, and much-needed thought-leadership in the space. We recognize the nascency of DeFi, and our recent raise will help us scale our processes to fill knowledge gaps and ease adoption barriers. Ultimately, this should help us solidify Composable as the face of DeFi’s future.”

Karel Kubat, Composable’s Chief Technical Officer (CTO), brings to light the importance of attracting the best technical talent in order to develop cutting-edge solutions in the DeFi space: “The blockchain and broader Web3 space remain at a point of inception. It has been a little over a decade since the first blockchain. Yet, we are witnessing impressive innovation and user adoption despite the steep learning curves required to navigate the technology. Our Series A reflects the industry’s need to solve the problem of interoperability and its related challenges. Composable will attract the best technical talent most interested in tackling challenges at the forefront of DeFi and help build the future we all want through our technology stack.”

0xbrainjar, Composable’s Founder and Head of Product, spearheads the development of Composable’s novel innovations. He holds deep expertise in the blockchain space and a critical understanding of the challenges plaguing the DeFi sector. He commented: “Our vision of absolute ecosystem agnosticism necessitates a radical approach. We believe functionalities must be integrated across different ecosystems in the most scalable manner possible so that they are not siloed into individual locations. In less than a year, we have already built interoperable solutions that abstract the difficulties of this domain to enable any developer looking to contribute to this sector to build with confidence. I am grateful to our partners and investors who have supported us every step of the way. If you’re interested in building a cross-chain future that DeFi needs to scale, we are happy to have you join our ever-growing team.”

The team at Composable Finance is excited to leverage its latest round of investment to grow its team and continue engineering novel interoperability solutions in industry.

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capital ventures → Результатов: 126


Liminal raises $4.7M in seed round to grow cross-chain automated wallet infrastructure

Liminal, a cross-blockchain wallet architecture with MPC and MultiSig, announced it has raised $4. 7 million in its seed funding round led by Elevation Capital. The round also saw participation from prominent investors like LD Capital, Woodstock, Nexus Ventures, and crypto ventures like CoinDCX, Hashed, Cadenza Ventures, Vauld, Better Capital, and Sparrow Capital.

2022-6-2 19:18


Стартап Nym Technologies привлек $300 млн на развитие экосистемы

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2022-5-2 16:53


Composable Finance Raises $32 Million in Series A

Composable Finance is pleased to announce that it has raised $32 million in Series A funding. The round included notable investors in the space. GSR, Tendermint Ventures, Fundamental Labs, Coinbase Ventures, LongHash Ventures, Figment VC, New Form Capital, Blockchain Capital, Yunt Capital, Jump Capital, Polytope Capital, NGC Ventures, SOSV, and Spartan Group were among those who participated.

2022-4-1 20:10


Atlas DEX Raises $6M From Jump Capital, Huobi Ventures and Other Leading Investors

Atlas DEX, a leading cross-chain decentralized exchange aggregator, has announced its fundraise of 6 million dollars led by Jump Capital. The private funding round also had participation from Huobi Ventures, Genesis Block Ventures, Solidity Ventures, Genblock Capital, 3Commas Capital, Solar Eco Fund, Momentum 6, GSR, 0xVentures, Bixin Ventures, AU21, and Paramount Capital.

2021-12-24 10:44


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MetaVisa Raises $5 Million In Seed And Private Round Funding To Decentralize Digital Identities

MetaVisa, a decentralized digital identity credit rating system, has announced raising over $5 million in seed capital from a private round. The round was done by a consortium of investors that included the following: Collinstar Capital, Tensor Investment Corporation, Black Mamba Ventures, Maven Capital, Dutch Crypto Investors, Seeded Ventures, GTA Ventures, HG Ventures, Amplio Capital, […]

2021-12-1 18:40


Immunefi raises $5.5M to expand its blockchain & crypto focused bug bounty platform

Immunefi, a bug bounty and security services platform for DeFi protecting over $50 billion in users’ funds, today announced it has raised $5. 5 million in funding. Its investors include Blueprint Forest, Electric Capital, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures, and other individual investors.

2021-10-27 18:01


Dragon Kart Raises $1.1 Million For 3D Play-to-Earn Battle Racing Game

Dragon Kart, an innovative 3D play-to-earn battle racing game built on Binance Smart Chain (BSC), has announced the successful closing of an oversubscribed $1. 1 million funding round. The raise was led by Bigcoin Capital and LuaVentures, with participation from TomoChain, Signum Capital, NGC Ventures, Shima Capital, AU21, Kardia Ventures, LaunchZone, VBC Ventures, BSC Station and individual investors from Digital Strategies and Everse Capital.

2021-10-21 19:44


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Razor Network Raises $3.7 Million in Private Funding to Build “Truly Decentralized” Oracle Solution

Decentralized Oracle platform Razor Network has successfully raised a total of $3. 7 million in their seed and private sales round.   The funding rounds were led by prominent investors in the blockchain world, including NGC Ventures, Alameda Research, Borderless Capital, IOSG Ventures, Origin Capital, Bixin Ventures, Spark Digital Capital, BTC12 Capital, ZMT capital, Kosmos Ventures, OneRead MoreRead More.

2020-11-5 17:06


Zabo raises $2.5M to connect crypto wallet accounts to financial service apps

Zabo, which enables any financial services company to connect to users’ cryptocurrency wallets in a few lines of code, today announced it has raised $2. 5 million in new funding. The round was led by Moonshots Capital with participation from Blockchange Ventures, Castle Island Ventures, Digital Currency Group, CoinShares, Tezos Foundation, Capital Factory, and others.

2020-3-7 18:11


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Coinbase и Binance вложились в разработку приватных ключей

Стартап Torus, занимающийся разработкой решений для управления приватными ключами, закрыл раунд сбора финансирования на отметке $2 млн. Кампанию возглавил фонд Multicoin Capital, а в числе ее прочих участников оказались Coinbase Ventures, Sixth Horizon, Accomplice, Terminal и Binance Labs - последняя инвестировала $500 000.

2019-7-10 17:50


Британский стартап позволит главам компаний следить за расходами сотрудников

Британский финтех-стартап Soldo, предлагающий бизнесу работу с многопользовательскими аккаунтами, закрыл очередной раунд финансирования на отметке в $61 млн. Соответствующий пресс-релиз появился на официальном сайте проекта.

2019-7-8 14:58


Outlier Ventures: Blockchain Startup Funding Reaches $822 Million in 2019

Blockchain and Web 3.0 venture capital firm Outlier Ventures today published its State of Blockchains Q2 report providing an overview of blockchain investment and market trends in 2019. According to the report, blockchain start-ups raised $822 Million from 279 separate VC deals during the first half of this year. 159 of the total 279 deals related to […]

2019-7-2 18:46


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Основатель фирмы Kohlberg Kravis Roberts инвестирует в криптовалюту

Bloomberg сообщает, что Генри Крэвис, долларовый миллиардер и соучредитель инвестиционной компании Kohlberg Kravis Roberts (KKR), вложил деньги в криптовалютный фонд компании Бена Формана — ParaFi Capital.

2019-6-29 16:44


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Миллиардер из списка Forbes инвестирует в криптовалюту

Bloomberg сообщает, что Генри Крэвис, долларовый миллиардер и соучредитель инвестиционной компании Kohlberg Kravis Roberts (KKR), вложил деньги в криптовалютный фонд компании Бена Формана — ParaFi Capital.

2019-7-1 16:44


Партнер MasterCard привлек $16.5 млн на развитие открытого банкинга

Команда стартапа Token привлекла $16. 5 млн. В инвестировании приняли участие Opera Tech Ventures, венчурное подразделение BNP Paribas, Octopus Ventures и EQT Ventures. Соответствующий пресс-релиз был опубликован на официальном сайте проекта.

2019-6-20 15:19


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Runa Capital инвестировал в стартап по управлению личными финансами

Венчурный фонд с российскими корнями Runa Capital вложился в американский финтех-стартап Novi Money. Сумма инвестиций составила $3 млн, согласно данным Crunchbase. В пул инвесторов также входят компании Lightspeed, Doberman Forward, Freedom Financial Network, M ventures, SGH Capital, Republic co и Vectr.

2019-6-19 15:13


BitMEX funds Philippines-based crypto-exchange PDAX, aims to harness ‘transformative potential of cryptocurrencies’

BitMEX Ventures has infused an undisclosed amount of funds into the cryptocurrency exchange platform, Philippines Digital Asset Exchange [PDAX]. The BSP regulated exchange, PDAX, had recently secured an undisclosed amount of capital from ConsenSys Ventures, the venture capital arm of US-based blockchain firm, ConsenSys.

2019-6-4 19:30


Миллиардер Саид Гуцериев рассказал о первой белорусской криптобирже

Первая в истории страны легальная криптовалютная биржа currency. com заработала в Беларуси в январе этого года. Её запустила компания Larnabel Ventures, принадлежащая члену совета директоров группы «Сафмар» Саиду Гуцериеву.

2019-5-29 10:31


Биржа Bitfinex анонсировала первое IEO (в котором не смогут взять участие пользователи из Украины и Белоруссии)

На этой неделе криптовалютная биржа Bitfinex представила свою платформу для первоначальных биржевых предложений (IEO) под названием Tokinex. Первым IEO на платформе станет проект Ampleforth, который разрабатывает стейблкоин с алгоритмическим обеспечением стабильности курса.

2019-5-23 18:08


Alibaba’s Affiliate Ant Financial Backs Multi-Million Dollar Blockchain Privacy Project QEDIT

Ant Financial, an affiliate of e-commerce giant Alibaba, among other investors, are pulling their weight behind QEDIT, a developer of privacy technology for enterprise blockchains. The $10 million investment round was led by MizMaa Ventures, Meron Capital, Collider Ventures, as well as other big establishments, according to reports on May 7, 2019. Effective Collaboration Per […]

2019-5-7 20:48


Финтех-подразделение Alibaba инвестировало в разработчика ориентированных на приватность блокчейн-решений

Стартап QEDIT, разрабатывающий ориентированные на приватность решения для коммерческих блокчейнов, закрыл раунд финансирования Серии А на $10 млн, который возглавила венчурная фирма MizMaa Ventures. https://t.

2019-5-7 18:31


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Alibaba инвестирует в стартап QEDIT для развития своих блокчейн-проектов

Израильский разработчик технологий конфиденциальности для корпоративных блокчейнов QEDIT закрыл инвестиционный раунд A на сумму $10 млн. Ведущим участником раунда финансирования стал глобальный фонд Target Global, пишет Coin Desk.

2019-5-8 17:45


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Target Global и Alibaba вложили $10 млн в разработчика корпоративных блокчейнов QEDIT

Израильский разработчик технологий конфиденциальности для корпоративных блокчейнов QEDIT закрыл инвестиционный раунд A на сумму $10 млн. Ведущим участником раунда финансирования стал глобальный фонд Target Global, пишет Coin Desk.

2019-5-7 17:45


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Братья Уинклвоссы вложились в майнинговый стартап

Стартап Crusoe Energy Systems Inc. привлек $4,5 млн в рамках сид-раунда финансирования, который возглавили компания Bain Capital Ventures и подразделение Pathfinder в составе Founders Fund Питера Тиля.

2019-5-7 15:00


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Братья Уинклвоссы инвестировали в стартап, который задействует природный газ для майнинга криптовалют

Стартап Crusoe Energy Systems Inc. привлек $4,5 млн в рамках сид-раунда финансирования, который возглавили компания Bain Capital Ventures и подразделение Pathfinder в составе Founders Fund Питера Тиля.

2019-5-7 11:55


Беларусь: первая криптобиржа заработала после бета-тестирования

Первая в истории Беларуси криптобиржа (регулируемая платформа токенизированных активов Currency. com) успешно завершила бета-тестирование и начала работать для широкого круга инвесторов. Биржа стартовала в январе этого года.

2019-5-4 20:09