15m Series Pantera CapitalMcsweeney TheBlock Invests in TheBlock & Unstoppable Domains
15m Series Pantera CapitalMcsweeney TheBlock recently acquired TheBlock, a blockchain-based company with plans to develop a decentralized exchange infrastructure. The company’s executives include CEO Will Warren, a former salaried dealer at DRW, and CTO Amir Bandeali, a former fund manager at the University of Illinois Urbana-Champaign.
0x Labs is building a global financial system. The company has raised funds for future development through various rounds. In December, the company raised $12 million through a seed round led by Binance Labs. In the week leading up to the fundraise, privacy focused DEX The Block raised $1.1 million through a crowdsale. It also raised funds from investors including Three Arrow Capital.
The funds raised will be used to build the 0x Protocol and 0x Labs’s other products, Periscope Trading and 0x API. These products, which operate without any fees, will drive adoption of the 0x protocol and the ZRX token. Since its emergence, 0x Labs’s ZRX token has attracted $15 billion in trading volume.
15m Series Pantera CapitalMcsweeney TheBlock led a $65 million Series A round for Unstoppable Domains, a crypto startup that creates non-fungible digital identity markers. The company, which is valued at $1 billion, will use the funding to reduce the friction of crypto payments and build a loyalty reward program infrastructure that focuses on user reputation.
The company’s Series A funding round follows several other notable rounds of funding in recent months, including a $100 million round from Solana Ventures and a $500 million round from Felix Capital, which is devoted to Web3 technologies. The company also secured $10 million from Draper Associates and raised funds from Boost VC. With this new round of funding, Unstoppable Domains plans to grow its partnership network in the Web3 space and to build its brand identity.
15m Series Pantera CapitalMcsweeney TheBlock has recently invested $50 million in Kik Interactive Inc.’s pre-sale and is a key player in its portfolio. The firm has also recently invested in the $15 million Series A round of Bitso, as well as a $62 million Series B round.
Previously, Pantera focused on traditional macro hedge-fund investments, but in March 2013 it made the shift to digital currencies. It launched the Pantera Bitcoin Fund and has since invested in BitPesa, BitPagos Inc., ChangeTip, and others. It has also recently partnered with Benchmark Capital, Fortress Investment Group, and Ribbit Capital.
Variety of Sectors
The firm will focus on a variety of sectors, including growth stage crypto firms, nonfungible token platforms, Web3 gaming, decentralized finance, exchanges, and more. It will also invest in startups and early-stage tokens. The fund is backed by $1.3 billion in total.
Pantera Labs Raised $15 Million in Series A Funding
15m Series Pantera CapitalMcsweeney TheBlock Labs has raised $15 million in Series A funding to expand its services and launch its trading desk and professional aggregation service. The company plans to use the funds to build out its matching protocol and API as well as hire more employees and expand to more markets. Company has already raised $11 million in seed funding led by Alphabet.
The company will use the funds to expand its platform and add smart features. It also plans to build an open API and expand its global presence. In addition, the company plans to increase its partnerships with large hedge funds and financial services firms. It plans to make its Matcha product available globally in the coming years.
Most Significant Problems
One of the most significant problems with the Pantera is its tight headroom, particularly for tall people. It is possible to make the car more comfortable by replacing the seat cushions. There are many parts available for the interior of the Pantera. For example, a new seat cushion can increase headroom.
The $15 million Series A funding round led by Pantera Capital will be used to further develop the company’s platform, add new team members, and expand into new markets. The company also plans to expand its Matcha product, which aggregates liquidity across multiple DEXs. This will help its tokens reach a wider audience.
Pantera’s new investment in 0x Labs is aimed at expanding the company’s professional aggregation API and enabling developers to integrate decentralized exchange functionality into their apps. The new funding will allow the startup to scale its business worldwide. Its open source protocol will also be further developed.