Search results for FirstMark
Crypto
Visa, Circle and Ripple back Velocity as valuation hits $200 million
UK stablecoin payments and treasury platform Velocity raised $10 million in additional Series A funding, taking total Series A proceeds to $48 million and valuing the company at $200 million. The round included Visa Ventures, Circle Ventures, Ripple, Hawn Ventures, Translink Capital and Mirana Ventures. Velocity said the funds will be used to expand infrastructure for issuers, merchant acquirers, payment firms, financial institutions and retailers worldwide.
Crypto
Velocity raises $38 million in Series A to expand enterprise stablecoin infrastructure
Velocity raised $38 million to expand infrastructure that supports stablecoin-based cross-border settlement and treasury operations for companies and financial institutions. The Series A round was led by Dragonfly and FirstMark, with participation from Activant Capital, Capital One Ventures, QED Investors, Coinbase Ventures, Wintermute Ventures and Ripple. Velocity plans to use the funds to expand banking and payment networks, develop new products and strengthen regulatory response capabilities.
AI & Enterprise
Cerebras IPO surge focuses Wall Street money on SpaceX and OpenAI
AI chip designer Cerebras Systems surged about 70 percent on its first day of trading, signalling renewed investor interest in U.S. technology IPOs. Its debut lifted its market value to about $95 billion, marking the biggest U.S. IPO this year and the largest tech listing since Uber in 2019. Analysts also see a widening concentration of capital on mega-sized candidates such as SpaceX, OpenAI and Anthropic, while non-AI software companies face weaker demand.