NFTs, Payments and VCs Lead Funding Craze
Key Takeaways
- NFT projects raised $185 million while payments companies raised over $600 million and new venture capital aggregate funds were $1.285 billion this week
- Deal of the Week: Crypto exchange FTX raises $420 million at a $25 billion valuation
- Active investors this week include Galaxy Digital, CMS, Polychain and Ribbit Capital
Venture Capital Deals
Deel is an international payroll, human resources and compliance management platform that helps companies manage international employees. Deel is a global platform for remote distributed teams. The Company has raised a Series D funding round of $425 million at a $5.5 billion valuation. Investors that participated in the deal include Coatue, Andreessen Horowitz, the YC Continuity Fund, Spark Capital, Greenbay Ventires and NEO. COVID and technology has reshaped traditional workspaces and has created a remote work industry that continues to grow. (With Customers like Coinabse and Shopify, remote hiring startup Deel raises $425M at a $5.5B valuation).
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