Vessel Capital Announces $55M Crypto Fund Creation
Vessel Capital, a leading venture capital firm, has unveiled its ambitious plan to establish a $55 million crypto fund. With a focus on advancing diverse crypto projects and Web3 infrastructure, the fund aims to foster early-stage growth and support for crypto founders. Founded by Mirza Uddin, Eric Chen, and Anthony Anzalone, Vessel Capital has consistently invested around $10 million annually. The fund's allocation will span five years, emphasizing collaboration with project founders from inception, leveraging crypto expertise for mutual success. This strategic move comes amidst shifting VC funding trends in the crypto ecosystem.
Mastercard Ends Partnership with Binance
Mastercard has announced the termination of its partnership with Binance, signaling increasing caution among traditional financial institutions in light of regulatory concerns surrounding the crypto giant. This move underscores the challenges faced by the crypto market in gaining wider acceptance within mainstream financial services. Read more
OnlyFans Parent Company Invests in Ethereum Amidst Soaring Revenue
The fusion of cryptocurrency and mainstream industries continues to make waves as OnlyFans' parent company, Fenix International, discloses its investment of almost $20 million in Ethereum. Amidst this cryptocurrency investment, the platform's robust revenue growth showcases the intriguing intersection of digital assets and entertainment. Read more
Poolside AI Secures $126M Seed Funding and Relocates to France to Develop Innovative Code-Writing Tool
US-based AI startup poolside has successfully raised a remarkable $126 million in a seed funding round while also making a strategic shift to France. The startup, led by founders Jason Warner and Eiso Kant, aims to construct an AI tool akin to ChatGPT, designed to generate software code upon user requests. This significant infusion of funds, alongside its relocation to France, demonstrates Poolside's commitment to advancing AI innovation and aligns with France's burgeoning AI aspirations. Read more
Pearler Secures AUD $330K Pre-Seed Funding for AI-Powered Questionnaire Automation Platform
pearler, an AI-driven startup simplifying responses to business questionnaires, has garnered AUD $330,000 in funding from the South Australia Venture Capital Fund, aiming to enhance the efficiency and expansion of their platform's capabilities. Read more
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