Cointime

Cointime

Download App
iOS & Android
Home / Financing

Crypto Index Platform Alongside Raises $11M Led by a16z

Alongside, a crypto index-focused platform, has closed an $11 million seed round led by Andreessen Horowitz (a16z), the company exclusively told TechCrunch.

Investors in the round include Coinbase Ventures, Franklin Templeton Investments, Village Global and Not Boring Capital, as well as angel investors. The startup was co-founded by Diamond and Jun Ho Hong, its head of engineering; Gauthier Le Meur, its COO; and Rai Sur, its CTO.

Last month, the startup launched its first product, the Alongside Crypto Market Index ($AMKT), which gives people broad exposure to the entire crypto asset market through a single token.

The token is available on some global exchanges, crypto wallets, custodians, onramps, and Ethereum scaling solutions, including Polygon, Uniswap, SushiSwap, Gate. io, Rainbow and BitGo, to name a few.

a16z
Comments

All Comments

Recommended for you

  • AI computing economy layer GAIB completes $5 million seed round of financing, led by Hack VC, Faction VC and Hashed

    GAIB, an AI computing economic layer, announced the completion of a $5 million seed round of financing, with Hack VC, Faction VC, and Hashed leading the investment. Other participating investors include Spartan, Animoca Brands, MH Ventures, Aethir, Near Foundation, Chris Yin from Plume Network, and Lucas Kozinski from Renzo Protocol.

  • Cadenza, an investment institution focusing on blockchain and AI, has raised $50 million for its early-stage AI venture capital fund

     Cadenza, a risk investment company focusing on blockchain and artificial intelligence, announced that its early AI venture capital fund has raised $50 million. The new fund will focus on seed and pre-seed investments, with a focus on infrastructure and enterprise applications. Cadenza's investment portfolio in the Web3 field currently includes: Web3 infrastructure Validation Cloud, Malaysian digital asset exchange Hata, Web3 API platform Uniblock, L1 blockchain Linera, and encrypted wallet application Zulu.

  • Union Completes $12 Million Series A Funding, Led by Gumi Cryptos Capital and Others

    cross-chain settlement layer Union has announced the completion of a $12 million Series A financing round, led by Gumi Cryptos Capital and Longhash Ventures, with participation from Borderless Capital and Blockchange, as well as blockchain founders from Polygon, Movement, and Berachain. The funding will be used for core team expansion, partner integration, and ecosystem development.

  • Portal Ventures raises oversubscribed $75 million crypto fund

    , Portal Ventures, a cryptocurrency venture capital fund before the seed round, raised a $75 million cryptocurrency fund with oversubscription, supported by Chris Dixon and Marc Andreessen.

  • Bitcoin mining company Argo Blockchain raises £4.2 million via share subscription

    According to a report, Bitcoin mining company Argo Blockchain announced that it has raised £4.2 million through stock subscription. After this transaction, Argo's total issued shares have exceeded 717 million shares. It is reported that an unidentified institutional investor participated in this stock subscription. The new funds will help Argo relocate its Bitcoin mining facilities to Texas.

  • Public, an investment platform supporting crypto trading, completes $135 million in Series D-2 financing

    investment platform Public has raised $135 million in Series D financing through equity and debt financing, including $105 million in equity financing and $30 million in debt financing. Accel is the main investor. The platform has raised more than $300 million in total financing to date. Public announced the launch of cryptocurrency trading services in 2021, entering the digital currency battlefield and competing with Robinhood Markets and others. Previously, individual investors using the platform could only trade stocks listed in the United States and exchange-traded funds. Its target customers are young digital natives, and new funds will be used to improve its artificial intelligence capabilities.

  • Swish Ventures, owned by former NBA star Casspi, completes $60 million in funding

    former NBA star Omri Casspi has raised $60 million for his latest venture capital fund, Swish Ventures. Investors include Sequoia Capital, Ophir Ehrlich, founder of EON; Amiram Shachar, founder of Upwind; and Gal Ben-David and Alon Arvatz, co-founders of PointFive. The fund will reportedly invest in early-stage cybersecurity, cloud infrastructure, and artificial intelligence startups, including cybersecurity startups in the fintech and Web3 sectors, and plans to support 10 companies with each investment ranging from $5 million to $7 million.

  • Ethena Foundation awards multi-million dollar grant to Derive

    Derive (formerly known as Lyra), an options agreement protocol, announced a partnership with Ethena and officially joined the Ethena Network. As part of the partnership, the Ethena Foundation provided Derive with millions of dollars in grants, and sENA token holders will be eligible to receive 5% of the DRV token supply from Derive DAO.

  • Cryptocurrency firms invest $78 million in political action committee Fairshake to channel support for cryptocurrencies

    Cryptocurrency companies have significantly increased their donations to US politicians. Companies such as Coinbase, Circle, and a16z have invested $78 million in Fairshake, a federal super PAC that can receive unlimited funds from corporations and individuals for elections, with the goal of guiding "cryptocurrency-friendly leadership." Coinbase Chief Policy Officer Faryar Shirzad said, "We will do everything we can to depoliticize cryptocurrency." "Our lobbying, grassroots work, and now Fairshake will create space for the public to debate its benefits, rather than our industry being used as a political football by those who do not understand the social benefits of this technology."

  • Web3 consumer application Setter completes $5 million in seed round financing, led by a16z

    On November 28th, according to CoinDesk, Web3 consumer application Setter completed a $5 million seed round of financing, led by a16z, with participation from Marcy Ventures Partners, Superlayer, Thirty Five Ventures, and retired tennis star Serena Williams. Setter plans to help brands innovate and promote exclusive products, and provide customers with limited edition products. Setter aims to solve the complexity and unfriendliness of current wallet technology, providing a more seamless Web3 experience for more users.

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