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Fundraising News

SaaS Fintech Tapline in Germany Snaps €31.7M Funding

Tapline, a Berlin-based digital finance platform, has secured €31.7 million in equity and debt in the Pre-Seed funding round. Out of the total, debt funding of €30 million was provided by UK-based alternative asset management company Fasanara Capital.

Earlier this year, Fasanara Capital raised a $500 million in enterprise capital fund to invest in fintech and Web3 pioneers. The remaining €1.7 million equity round is led by the Czech VC firm V-Sharp Venture Studio, alongside Antler, Black Pearls VC, 365 fintech, Depo Ventures, Impetus Capital, and several business angels investing in the round.

Founded by Dean Hastie, Dmitrij Miller, and Peter Grouev in 2021, Tapline enables subscription-based companies to turn 12 months of forecasted recurring revenue into upfront cash. As a result, founders get the capital they need today for tomorrow’s growth and expansion.

The company focuses on the SaaS vertical across B2B and B2C business models, particularly in the DACH and CEE markets. As per the company’s claims, SaaS models offer high levels of predictability in recurring revenues, which allows for accurate financial underwriting.

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Binance Labs Leads Private Round II for GoPlus Security To Build Open, Permissionless, User-Driven Security Services

Binance Labs, the venture capital, innovation and incubation arm of Binance, is pleased to announce that it is leading a private round II for GoPlus Security.

GoPlus Security is a leading Web3 security infrastructure provider that covers most of the major blockchain networks with multidimensional risk detection to build a safer Web3 environment.

GoPlus Security has developed a real-time, dynamic, and automated security detection platform that covers token, NFT, malicious address, approval security, contract security, and dApp security.

With more than 2 million data calls everyday, GoPlus Security is currently the most significant security data provider on 13 chains. GoPlus Security is also preparing for a security service marketplace to launch at the end of 2022.

Yi He, Co-Founder of Binance and Head of Binance Labs, commented: “Security is foundational to the ever-growing Web3 ecosystem and community. By supporting consumer-facing solutions like Goplus Security, we hope to see how security services to end users can evolve and prosper. ”

With this funding, GoPlus Security will be able to develop security data further, build a security service marketplace, and attract top talents who can contribute to the team to build a truly decentralized security platform.

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Galaxy Digital Gets Celsius Assets at 60% Discount After Crypto Lender’s Bankruptcy

Galaxy Digital is paying $44.1 million to buy Celsius Network’s GK8 business — more than 60% lower than what the bankrupt crypto lender paid to acquire the self-custody platform just last year.

The deal for GK8 was agreed at a purchase price of $44 million in cash plus $100,000 in assumed liabilities, according to a court filing. Celsius had previously acquired GK8 for $115 million in November 2021. 

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Stablecoin Startup Membrane Finance Reels In EU Money Licence and €2 Million in Seed Financing

Membrane Finance, a Finnish fintech building a European alternative to the USD stablecoin, has been granted an Electronic Money Licence by the country's regulator and picked up €2 million in seed funding.

With the e-money licence secured, Membrane's product, called EUROe, becomes the first regulated EUR-based, full-reserve stablecoin in the EU.“We’ve been working towards this very goal for the last 18 months," says Juha Viitala, the CEO and co-founder of Membrane Finance. "Getting an EU-level license and the opportunity to finally build a truly regulated EUR-based stable coin is massive news for both us, and the wider European cryptocurrency market and community."

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‘Do You Believe in Second Chances?’ Another DAO Is Raising Funds to Buy US Constitution

One month after Sotheby’s announced it would be auctioning off another original copy of the U.S. Constitution, a decentralized autonomous organization (DAO) called UnumDAO, also known as “ConstitutionDAO2,” is trying to buy it.

ConstitutionDAO2’s mission is to “start a collection of civic artifacts that are totally run by the people,” according to a tweet. It has so far raised 27.8 ETH (around $34,000) as of Wednesday in public contributions from 120 wallets, though a representative said the amount raised privately is much greater. The new auction will be held live at Sotheby’s auction house in New York on Dec. 13.

The new DAO will use non-fungible tokens (NFTs) to manage the artifact’s governance if it does end up winning the auction. Contributors can choose from four different NFT tiers: 0.1 ETH (around $122) for “Citizen,” 1 ETH (around $1,220) for “Representative,” 10 ETH (around $12,220) for “Senator” and 100 ETH (around $122,000) for “Executive.” The document itself would be legally owned by a nonprofit organization called UnumDAO.

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VC Picus Capital unleashes a new vehicle with its eye on making crypto and Web3 wins post-FTX

Picus. xyz will handle startup support for existing Picus Capital portfolio companies in the crypto/Web3 space, including games web3 tools developer Nefta and derivatives exchange D2X.

German Picus Capital is announcing a new investment unit with remit to back crypto and Web3 businesses, and it believes it can surprise those foreseeing a "crypto-downfall" with sound scaling up practice in the digital assets space.

The curtain is being lifted on Picus's Web3 and crypto-led division (dubbed Picus.xyz) with a few clients already under its belt, in the form of earlier Picus Capital investments Nefta, which teams up with games studios to integrate Web3 features, and D2X, a pan-European digital derivatives exchange.

Starting from Day One, Picus Capital is zooming in on specific logistical challenges in the sector, for example hiring the right talent, tailoring product design, or planning fundraising/marketing in the decentralised ecosystem.

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LiquidFactory raised $1.25 million to develop unique web3 encryption layer

LiquidFactory announced a $1.25 million funding round led by KuCoin Labs and Republic Capital, IDG, Ding Fai, Ascensive Assets, Lapin Capital and Acheron.

Funds will be used to support LiquidFactory's vision to unlock liquidity for DeFi, GameFi and NFT.

“Today we're proud to announce our $1.25Mn raise, co-led by @KCLabsOfficial & @_rcapital_, to help develop our unique web3 encryption layer, which already powers http://BIDSHOP.io & more to come. Funds will support our vision to unlock liquidity for DeFi, GameFi & NFTs  ”——LiquidFactory's Tweet

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IMPT ICO Raises Massive $14.74m With Only 4 Days to Go, Listing Price Set 8.7% Above Presale

Breakout carbon-offsetting platform IMPT has announced the listing price of its IMPT token will be $0.0253, 8.7% above the final presale price.

The news comes just five days before the fundraising for the project ends on 11th December. $14.74 million has been raised in barely two months, with $350k of that amount raised in the past 24 hours alone.

In a message posted on its Discord server, CEO Denis Creighton also added that in addition to listings already agreed with centralized exchanges LBank and Changelly and decentralized exchange Uniswap, to go live on 14th December, a further seven exchanges are in the works.

(By Khashayar Abbasi)

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Jack Dorsey’s Block Co-leads in $2M Seed Round in East African Bitcoin Miner

Gridless – a Kenyan-based Bitcoin mining company – has announced raising a $2 million seed investment round led by venture capital investor Stillmark and digital payments firm Block, Inc.

According to the official press release, Gridless harnesses small-scale renewable energy grids in rural Africa. The company has participated in five different project contract pilots in rural Kenya alongside an African hydroelectric company – HydroBox. Currently, three of these pilots are operational.

“Our work in supporting renewable energy mini-grid developers fills a gap, helping developers expand faster, be more sustainable, and serve thousands of households. This investment, and the high caliber of partners that are coming alongside us, means that we can accelerate our rollout knowing that we have both the capital and strategic support required.”

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Y Combinator Crypto Compliance Startup Argus Raises $2.8M from CRV

Argus, which makes compliance software for crypto funds and trading firms, has raised $2.8 million.

The software guards against insider trading in crypto, which is now in regulators' crosshairs.

After FTX's fall, crypto firms are focused on compliance but worried about costs, Argus' CEO said.

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