Sequoia Capital – DIGIT INFO

Phantom crypto wallet raises $150M in Series C at $3B valuation

DIGIT — Fri, 17 Jan 2025 00:33:31 +0000

Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.

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Sequoia slashes its crypto fund by 66% after industry collapses: Report

DIGIT — Fri, 28 Jul 2023 01:25:34 +0000

The $85-billion venture capital firm launched the Sequoia Crypto Fund in February 2022.

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Sequoia Capital, Paradigm among VCs facing “tricky” FTX investor lawsuit

DIGIT — Wed, 15 Feb 2023 06:21:23 +0000

It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.

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Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’

DIGIT — Thu, 10 Nov 2022 21:30:37 +0000

Venture capital giant Sequoia Capital is marking its investment in the embattled crypto exchange FTX down to $0. “In recent days, a liquidity crunch has created solvency risk for FTX,” the firm stressed, adding that “The full nature and extent of this risk is not known at this time.” Sequoia Capital Deems Its Investment in […]

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Sequoia Capital marks down entire $214M FTX stake to zero

DIGIT — Thu, 10 Nov 2022 05:40:25 +0000

The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.

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Binance, Sequoia still backing Elon Musk’s bid for Twitter

DIGIT — Tue, 11 Oct 2022 06:55:06 +0000

The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption.

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Web3 and Crypto Checking Account Startup Juno Raises $18M, Airdrops Reward Token JCOIN

DIGIT — Sat, 01 Oct 2022 22:00:39 +0000

Juno, the Singapore-based Web3 crypto firm that offers customers checking accounts tied to crypto assets, has raised $18 million in a Series A financing round led by Parafi Capital. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors. Juno Raises $18 Million in a Funding Round Led […]

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Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch

DIGIT — Tue, 13 Sep 2022 19:30:12 +0000

A number of financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first reported […]

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Report: Reddit Co-Founder Alexis Ohanian’s Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós

DIGIT — Tue, 30 Aug 2022 22:30:08 +0000

According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concentrate on investing in cryptocurrencies like bitcoin and ethereum. Seven Seven Six Launches Cryptocurrency Fund Kryptós — Plans to […]

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Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021

DIGIT — Sun, 07 Aug 2022 05:30:26 +0000

While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and […]

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