15m Series Pantera CapitalMcsweeney TheBlock Leads $15M Series A in 0x Labs
15m Series Pantera CapitalMcsweeney TheBlock led a $15M Series A round of equity funding in 0x Labs, a startup that provides decentralized exchange infrastructure. This is the largest equity round of any crypto startup to date, and it values the company at over $1 billion.
Cross-Chain Functionality
15m Series Pantera CapitalMcsweeney TheBlock has led a $15 million Series A round in the company. The company plans to use the funds to improve its platform and expand its network. It already offers a matching service for Matcha tokens and plans to integrate additional chains. It also plans to invest in cross-chain functionality and extend its 0x API service. The company already powers the ShapeShift exchange.
Cross-Chain Functionality
The latest round of funding comes after 15m Series Pantera CapitalMcsweeney TheBlock raised $30 million from several angel investors. The new round will allow 0x Labs to expand its team and improve its decentralized exchange infrastructure. The new funding will also be used to expand the company’s Matcha platform, which will aggregate liquidity from several DEXs and provide the best price across exchanges. Moreover, Pantera Capital will help 0x Labs build out its platform for cryptocurrency exchanges.
Largest Crypto Hedge Funds
15m Series Pantera CapitalMcsweeney TheBlock is one of the largest crypto hedge funds in the world. The company launched its first fund when Bitcoin was $65 and now manages over $4.5 billion. Its investment portfolio includes a mix of early stage tokens, venture equity and blockchain protocols. The company’s goal is to attract institutional investors and other capital sources.
Decentralized Exchanges
Pantera Capital has announced a $15 million Series A round of investment in 0x Labs, a startup that is building a decentralized exchange infrastructure and a decentralized gaming protocol. The money will be used to expand the company’s platform and add features to help it compete with other decentralized exchanges. The company plans to add NFT swaps and additional chains to its platform.
0x Labs Existing Offerings
The funds raised will be used to expand 0x Labs’ existing offerings, including its Matcha DEX router, which launched in June. It has already handled $2.7 billion worth of orders. The next goal for the company is to expand their platform globally. They will also use the money to expand Periscope Trading, which operates as a trading desk, and their 0x API service, which powers ShapeShift. Lastly, they will use the funds to develop an open-source protocol.
Pantera Capital’s investment in 0x Labs will help them reach their full potential by expanding the team, improving their platform, and extending their network to new assets. It Capital’s mission is to build a more transparent and open financial system.
Pantera Capital is an institutional asset manager focusing on blockchain technology, crypto assets, and also decentralized exchange infrastructure. It has invested in several companies, including Balancer, a decentralized exchange platform. The company is also vocal about Bitcoin’s potential and has predicted that it will experience a bull market as early as September 2020. Pantera Capital is not planning to change its investment strategy anytime soon and plans to continue focusing on decentralized product offerings.
Pantera Capital has raised $15 million in its Series A round. It plans to use the money to improve its platform and also expand its network. Capital has already added a matching service for Matcha tokens, and plans to integrate more chains into its platform. It will also invest in cross-chain functionality and extend its 0x API service. This investment will allow Pantera Capital to expand its presence internationally.
Pantera Capital
The investment by Pantera Capital comes at a time when decentralized exchanges are experiencing a boom in popularity. Last month, they saw their highest volume on record. Its founders are positioning their company as a future solution to the financial system by creating a more transparent system.
15m Series Pantera CapitalMcsweeney TheBlock, a blockchain investment firm, said it plans to raise $1.25 billion to create its second blockchain fund. The fund will invest in digital tokens and equity in companies. The first fund closed in March, and also Pantera plans to close the second in May. The company currently manages $4.5 billion in assets.
Final Thoughts:
Although it’s rare for crypto funds to raise more than $1 billion, some investors remain bullish on the technology. Andreessen Horowitz announced a $5.5 billion blockchain fund in May, and also several firms are raising funds to invest in blockchain startups. Pantera, for example, focuses on Web3 startups and early stage tokens with a high liquidity level.
