Bridge, a stablecoin startup founded not even three years ago, announced a deal this week that would cause most crypto entrepreneurs to salivate.
Stripe, the San Francisco-based payment processing company, agreed to buy Bridge for $1.1 billion.
The transaction likely has crypto entrepreneurs wondering when their own ventures will be ripe enough to attract a big-name buyer. Until then, early-stage companies will have to continue courting venture capitalists to extend their runways.
Here are the latest startups doing just that, according to data from Crypto Fundraising collected between Oct. 20 and Oct. 26:
Bluesky, $15 million
- Bluesky completed a Series A funding round.
- The decentralized social media platform raised $15 million from lead investors like Blockchain Capital.
Variational, $10.3 million
- Variational is a peer-to-peer trading protocol that is created for perpetual and generalized derivatives.
- The firm has raised $10.3 million in a seed round led by investors like Bain Capital Crypto and Peak XV Partners.
Author: Vignesh Karunanidhi
