Exciting Funding Rounds for Venture Capital Investors: Centrifuge, Crypto Valley Exchange, and Nebra
Venture capital investors have been busy this past week, with three notable companies securing new rounds of funding.
Crypto Valley Exchange (CVEX) raised $7 million in a funding round led by Fabric Ventures and Kyber Capital Crypto Fund. The decentralized exchange aims to provide transparent and cost-effective futures and options trading, with specialized bid-offer dynamics that set it apart from existing platforms. With a mainnet launch scheduled for this summer on Arbitrum, CVEX is already attracting a significant user base during its testnet phase.
Centrifuge, a platform for on-chain finance, announced a substantial $15 million Series A funding round. The oversubscribed round will support the launch of an institutional-grade lending market for real-world asset tokenization on the Base layer-2 network, with integration planned for Coinbase Verification.
Nebra, a blockchain and zero-knowledge proof research platform, secured $4.5 million in investment for its pre-seed and seed rounds. The funding will help Nebra create a shared settlement layer for web3, aiming to reduce proof settlement costs on major blockchains like Ethereum. Nascent and Bankless Ventures led the funding round, with participation from angel investors like Tim Beiko and Kartik Talwar.
Overall, the influx of funding into these companies reflects the growing interest and investment in the crypto and blockchain space. Global investors have already put $2.5 billion into crypto-related startups in the first quarter of 2024, according to PitchBook. Stay tuned for more updates on these innovative companies and their impact on the industry.
