Crypto Venture Funding Hits Low in Q3 2023
While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space.
While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space.
A noteworthy aspect of Sequoia Capital’s approach is the strategic shift towards supporting younger startups, diverting attention from larger companies.
The move will help each business to build teams that have an intimate understanding of their local networks and industries.
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity.
Leading VC giants Sequoia & a16z undertook several investments in the fintech space in 2022, more than any other sector.
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
Sequoia Capital and Binance will proceed with their initial commitment of funding $800 million and $500 million into Musk’s Twitter deal.
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country.
The move by Changpeng Zhao and the Binance exchange to fund Elon Musk’s visions for Twitter is a very ambitious one.
As a MENA native fund, Cypher Capital believes it has a big role to play in helping to build the blockchain and digital currency ecosystem within the region.