Venture capital firms are actively seizing market opportunities during the current bull cycle, with notable developments occurring in March, including the acquisition of quantitative trading firm CFT Capital by Web3-native investment company Borderless Capital.
Borderless Capital, with $600 million in assets under management, acquired quantitative trading firm CFT Capital, adding artificial intelligence and quant proprietary trading products to its portfolio. The move aims to enhance efficiency in capital deployment across Web3 verticals.
Borderless Capital, known for early investments in Algorand, Blockdaemon, and Securitize, expands its presence into Latin America, targeting Argentina, Uruguay, Brazil, Chile, and Mexico.
Borderless Capital anticipates cross-chain standardization to drive the next phase of evolution in the crypto space in 2024. The firm emphasizes the importance of an aggregation layer in Web3 for mainstream adoption and highlights decentralized physical infrastructure (DePIN) as a key investment focus.
Ethereum Virtual Machine (EVM) layer-2 project Morph secured $20 million in angel and seed funding led by DragonFly Capital. The platform focuses on decentralized sequencers, zkEVM integration, and modular design, with a commitment to decentralization.
FLock.io, a Web3 decentralized AI startup, raised a $6 million seed round led by Lightspeed Faction and Tagus Capital. The company aims to decentralize AI agent training and inferencing while ending user data collection, leveraging Federated Learning-powered Training Platform.
Keyring Network, a compliance-focused platform leveraging zero-knowledge technology, raised $6 million in seed funding. The platform targets regulatory compliance and market liquidity for financial organizations, allowing private data sharing and identification of qualified participants for tokenized transactions.
Rails, a self-custodial perpetuals exchange, secured $6.2 million in a seed round led by Slow Ventures. The platform offers perpetual contracts trading with zero-knowledge proofs, aiming to provide a secure and efficient trading environment.
BOB, a hybrid layer-2 solution for Bitcoin with Ethereum Virtual Machine (EVM) compatibility, raised $10 million in a seed round led by Castle Island Ventures. The funding supports the launch of the first Bitcoin layer-2 solution and strategic partnership with Anduro.
RACE, a tokenization platform, disclosed a $5 million funding round to support its testnet launch. The platform aims to tokenize various assets and establish Decentralized Investment Committees (DICs) for thorough due diligence.
These recent fundraising activities reflect the growing interest and investment in Web3 and decentralized technologies.
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