SequoiaCapital
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Bridge raises $58M in a UNDISCLOSED funding round
#Bridge secures $58M in a Undisclosed funding round co-led by #SequoiaCapital , #RibbitCapital , #HaunVentures and #IndexVentures . Bridge, whose customers include #SpaceX and #Coinbase, aspires to become a #web3 version of payments processor #Stripe, operating as a global payments system into which other developers can integrate seamlessly.
#Bridge secures $58M in a Undisclosed funding round co-led by #SequoiaCapital , #RibbitCapital , #HaunVentures and #IndexVentures . Bridge, whose customers include #SpaceX and #Coinbase, aspires to become a #web3 version of payments processor #Stripe, operating as a global payments system into which other developers can integrate seamlessly.
#Circle and #SequoiaCapital among #SVB 's top 5 depositors.
The document showed that stablecoin issuer Circle was the largest depositor at Silicon Valley Bank. The crypto company had a balance of $3.3 billion at the bank, accounting for about 8.2% of its $USDC reserves.
On the other hand, Sequoia Capital, a prominent venture capital firm that invested in several #crypto companies, had $1 billion of its funds in the embattled bank.
The document showed that stablecoin issuer Circle was the largest depositor at Silicon Valley Bank. The crypto company had a balance of $3.3 billion at the bank, accounting for about 8.2% of its $USDC reserves.
On the other hand, Sequoia Capital, a prominent venture capital firm that invested in several #crypto companies, had $1 billion of its funds in the embattled bank.
Sequoia Capital reduces cryptocurrency fund size to $200 million🥱
Over in crypto, # remain in a tight holding pattern without much to note, though a couple of disappointing headline stories did come across our desk over the past 24 hours. As part of the on-going crypto winter, VC-titan Sequoia has pared its cryptocurrency fund from $585mm down to $200mm, while the Department of Justice has decided to drop more charges against SBF as part of the Bahamas-extradition plea. We are just going to end our commentary here for the sake of our emotional sanity!
#SequoiaCapital #crypto #cryptocurrency #Bahamas #SBF
Over in crypto, # remain in a tight holding pattern without much to note, though a couple of disappointing headline stories did come across our desk over the past 24 hours. As part of the on-going crypto winter, VC-titan Sequoia has pared its cryptocurrency fund from $585mm down to $200mm, while the Department of Justice has decided to drop more charges against SBF as part of the Bahamas-extradition plea. We are just going to end our commentary here for the sake of our emotional sanity!
#SequoiaCapital #crypto #cryptocurrency #Bahamas #SBF
#Sequoia Capital, a globally renowned venture capital firm, has announced a significant "Global Business Update". They will be splitting into three distinct entities.
Post-split, the venture capital operations for the United States and Europe will continue under the name Sequoia Capital🌎.
The firm's China business will retain its Chinese name "红杉", and the English name will transition to “Hongshan”.
Meanwhile, Sequoia's India and Southeast Asia operations will be renamed as Peak XV Partners⛰️.This move marks a further localization of Sequoia's operations to better cater to these regions.
#SequoiaCapital #Hongshan #PeakXVPartners #VentureCapital 💼🌏💡
Stay tuned for more updates. Don't forget to like, share, and comment if you found this post helpful! 👍🔁
#binancepizza
Post-split, the venture capital operations for the United States and Europe will continue under the name Sequoia Capital🌎.
The firm's China business will retain its Chinese name "红杉", and the English name will transition to “Hongshan”.
Meanwhile, Sequoia's India and Southeast Asia operations will be renamed as Peak XV Partners⛰️.This move marks a further localization of Sequoia's operations to better cater to these regions.
#SequoiaCapital #Hongshan #PeakXVPartners #VentureCapital 💼🌏💡
Stay tuned for more updates. Don't forget to like, share, and comment if you found this post helpful! 👍🔁
#binancepizza
