Search results for Bain Capital Crypto
Crypto
Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale
World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.
Crypto
Ground raises $3.6 million to offer API for onchain yield products
Ground, a startup founded by former Superstate co-founder Reid Cumming, has closed a $3.6 million pre-seed funding round. The company provides a platform that lets fintech firms and asset managers access onchain yield products through an API. The round was co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One and CoinFund Ventures. Ground supports protocols including Aave, Morpho, Maple and Kamino.
Crypto
Variational, Arbitrum-based derivatives startup, raises $50 million
Variational, an Arbitrum-based derivatives startup, has raised $50 million in a Series A round led by Dragonfly Capital. Bain Capital Crypto and Coinbase Ventures also participated, The Block reported. Co-founded by Lucas Schuermann and Edward Yu, the company focuses on bringing traditional finance dealer and exchange liquidity to on-chain trading and plans to offer a range of derivatives, including physical commodities. It plans to list more than 100 traditional finance products on-chain this summer.
