Cointime

Cointime

Download App
iOS & Android
Home / Financing

Camel Ventures Launches $16M Investment Fund, Drawing Attention from Cryptocurrency Giants BTC, ETH, and Signuptoken.com

As Camel Ventures launches its inaugural venture capital investment vehicle, Camel Ventures for Investment I, with a fund of EGP 500 million ($16 million), the company hopes to support the growth of Egypt's fintech startup ecosystem. The fund will provide equity investments to early-stage fintech startups and venture loans for later-stage startups, which could accelerate their growth and expansion. The development of Egypt's fintech industry could also open doors for the growth of cryptocurrency projects such as Bitcoin (BTC), Ethereum (ETH), and Signuptoken.com.

Cryptocurrency
Comments

All Comments

Recommended for you

  • Decentralized AI platform Nodepay completes $7 million in second round of financing

    decentralized AI platform Nodepay has completed its second round of financing, raising $7 million. Investors include IDG Capital, Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Etherscan founder Matthew Tan, and CoinHako co-founder and CEO Yusho Liu.

  • AI agent startup /dev/agents completes $56 million seed round with a valuation of $500 million, led by Index Ventures and CapitalG

    On December 18th, it was reported that the AI agent operating system platform /dev/agents founded by former Stripe CTO David Singleton has completed a seed round of financing worth $56 million with a valuation of $500 million. This round of financing was led by Index Ventures and CapitalG, with participation from Conviction Capital. Many outstanding technology leaders, including Andrej Karpathy, co-founder of OpenAI, Alexandr Wang, CEO of Scale AI, Nikesh Arora, CEO of Palo Alto Networks, and Andy Rubin, founder of Android, also participated in this round of financing.

  • Topology Ventures raises $75 million in new fund to invest in decentralized networks and other areas

    According to a report from Fortune, Topology Ventures' new fund has raised $75 million and will invest in cutting-edge technology, artificial intelligence, decentralized networks, neural technology, aerospace, and robotics. The fund is led by Cendana Capital and Accolade Partners and has received three times the amount of oversubscription. Other partners include Marc Andreessen of a16z, Bob Goodman of Bessemer Management, and Paris Hilton, co-founder of OpenAI.

  • Waterfall Network Completes $11.6 Million Funding

    On December 13th, Waterfall Network, an intelligent contract platform, announced the completion of a new round of financing worth $11.6 million, with participation from Bolt's Capital, Alpha Token Capital, and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes, and further improve it.

  • Fantasy.top Completes $4.25 Million Seed Round Financing, Led by Dragonfly

    Fantasy.top, a decentralized card game based on Blast, has completed a $4.25 million seed round of financing and launched the platform's second version, Fantasy V2. The round was led by Dragonfly with participation from Manifold Ventures. The financing will be used to enhance Fantasy's core products: card trading games and virtual betting.

  • Financial technology platform KAST raises $10 million in seed funding for neobank-style experience using stablecoins.

    Financial technology platform ChainwireKAST has secured $10 million in seed funding from HongShan Capital Group and Peak XV Partners. The platform offers payment cards and USD-denominated accounts to users in over 150 countries, as well as the ability to send and receive cash. KAST plans to launch savings and remittance products without the need to touch fiat directly. Stablecoins have seen significant growth, with analysts predicting over 1 billion users by 2030.

  • Renowned philanthropist Qian Fenglei has completed $100 million in financing to build the blockchain ecosystem FO-X

    well-known philanthropist and chairman of Hengfeng International, Qian Fenglei, has completed his first $100 million financing. Qian Fenglei personally invested $50 million, and the remaining funds came from his 50 old friends. Hengfeng International will be committed to building an ecological platform FO-X based on blockchain technology for everyone, leading 1 billion users to enjoy the dividends brought by blockchain technology.

  • Cross-border stablecoin payment company Sphere completes $5 million financing, led by Coinbase Ventures and others

    On December 12th, cross-border stablecoin payment company Sphere completed a $5 million financing round, led by Coinbase Ventures and Kraken Ventures. The funds raised will be used for further investment in regulatory compliance and risk management capabilities. Sphere was founded by Arnold Lee and Luigi Charles in 2022 and enables stablecoin cross-border payments between enterprises through partnerships with global fintech companies and licensed remittance service providers. Stablecoins can also be exchanged for local fiat currency at the destination.

  • ZachXBT: Suspected insiders made $3.8 million in profits on RTR

    On August 10th, Chain Detective ZachXBT posted on social media that 4 addresses made a profit of $3.8 million in the RTR sell-off, with the 9G1ELG and GHoW2 addresses belonging to the same person and receiving 500 SOL in new funds within minutes after the TGE. Previously, it was reported that Restore The Republic (RTR) had its TGE on the evening of August 8th, with rumors circulating in the community that it was related to a new project by the Trump family. The RTR token reached a high of $0.156 on August 9th at midnight. Afterwards, Eric Trump, the current Executive Vice President of the Trump Organization and son of Donald Trump, warned on social media to "be careful of false tokens" and that the only official Trump project has yet to be announced and will be announced on Twitter first. After the statement was released, RTR quickly dropped by about 95%, with a trading volume of $164 million within just 15 hours of its creation.

  • The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

    The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users who pay US cryptocurrency taxes.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company