Every second Thursday of the month, we publish the 10 most important investment news of the last month, in our opinion. Here are the TOP-10 investment news of November 2018.
1. COINBASE RAISES $300 MILLION IN SERIES E ROUND OF FINANCING TO ACCELERATE THE ADOPTION OF CRYPTOCURRENCIES
Coinbase will add an additional $300 million of investment at a valuation of over $8 billion to accelerate the adoption of cryptocurrencies and digital assets. The Series E equity round is led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others.
The Bitfury Group, the world’s leading full-service blockchain technology company, has closed an $80 million USD private placement with global institutional and corporate investors.
The round, which comes weeks after rumors Bitfury was considering an IPO, was led by European venture capital fund Korelya Capital. Other participants included South Korean internet giant Naver Group, Asian institutions Macquarie Capital and Dentsu Japan, as well as Michael Novogratz’s Galaxy Digital.
StarkWare recently closed a $30M equity round, led by Paradigm. Other new investors include Intel Capital, Sequoia, Atomico, DCVC, Wing, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund, Scalar Capital and Semantic Ventures. Existing investors Pantera, Floodgate, and Naval Ravikant also participated in the round.
Established in 2018, StarkWare Industries develops both software and hardware, with applications including transparent privacy in blockchains increased transaction throughput, as well as off chain computation. The company offers a zero-knowledge protocol STARK, that purports to address the privacy and scalability challenges of the blockchain field.
4. IDG CAPITAL, MATRIX PARTNERS, AND NEO GLOBAL CAPITAL INVEST $20 MILLION USD INTO KUCOIN TO BRING CRYPTOCURRENCY TO THE MASSES
SINGAPORE, Nov. 14, 2018 — IDG Capital, Matrix Partners and Neo Global Capital, industry leaders in technology and venture capital investments, jointly announced today a partnership with Singapore-based international cryptocurrency platform KuCoin, to bring cryptocurrency trading into the mainstream world via the KuCoin exchange. IDG Capital, Matrix Partners, and Neo Global Capital have combined to invest a total of $20 million (USD) in KuCoin through this Round A of funding.
5. DAPPER LABS, THE COMPANY BEHIND CRYPTOKITTIES, RAISES $15M IN FINANCING TO DRIVE CONSUMER ADOPTION OF BLOCKCHAIN TECHNOLOGY
VANCOUVER, Nov. 1, 2018 /PRNewswire/ – Dapper Labs, the company behind the world’s first and most successful consumer blockchain product, CryptoKitties, has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. These funds will be used to help Dapper Labs, a Canadian-founded company, expand locally and globally. This includes establishing a U.S. subsidiary led by former executives from Unity and Disney, with additional hires for the Canada office from Ubisoft, EA Sports, Amazon, ESPN, Hasbro, and Zynga. The investment will also accelerate the build-out of the infrastructure necessary to attract mainstream consumers to the blockchain.
6. BHEX CRYPTOCURRENCY TRADING PLATFORM RAISED 15 MILLION USD IN ITS EQUITY FROM TOP-TIER INSTITUTIONS INCLUDING HUOBI AND OKEX
HONG KONG–BHEX.COM is going to officially launch at the end of Nov 2018, introduced by Beacon Technology. BHEX raised 15 million USD in its equity from top-tier institutions including Huobi and OKex. Besides, BHEX attracted more than 70 token funds, which was oversubscribed for four times. BHEX has selected 40 institutions, including DHVC, Dfund, BlockVC and Genesis Capital in the token round.
San Francisco, CA, Nov. 26, 2018 — Securitize, a compliance platform for issuing and managing compliant digitized securities on the blockchain, has raised US$12.75M in funding led by Blockchain Capital, and joined from top-tier blockchain technology investors including Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple.
Flipside Crypto wants investors to think beyond market capitalization, and Coinbase apparently agrees.
Revealed exclusively to CoinDesk, the exchange’s Coinbase Ventures arm and Digital Currency Group co-led the analytics startup’s extended seed round that closed on November 21, alongside True Ventures and Castle Island Ventures. Although the size of Coinbase’s investment was not disclosed and the company declined to comment on the move, all told Flipside has raised $4.5 million.
9. SCOOP: THE NEW ZELAND GOVERNMENT HAS INVESTED $315,000 INTO A CRYPTOCURRENCY SAVINGS AND TRADING PLATFORM
The investment comes as the platform rebrands from MyCryptoSaver to Vimba to reflect the expanded range of services the Auckland-based startup offers.
“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting asset class,” Vimba CEO Sam Blackmore says.
German holding company Bitcoin Group SE has acquired a 100 percent stake in investment bank Tremmel Wertpapierhandelsbank GmbH, Cointelegraph auf Deutsch reports today, Nov. 13. Bitcoin Group SE, based in Herford, Germany, operates what is reportedly the country’s only regulated crypto exchange, Bitcoin Deutschland AG, also referred to by its domain, Bitcoin.de. Upon acquisition of the banking institution, which according to its website focuses on securities trading, the crypto holding will in turn obtain the use of Tremmel’s banking license.