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Matrix Partners expands new India fund to $525 million
Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier, joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market. The Indian firm, whose portfolio includes Razorpay and Ofbusiness, has raised $518 million for its new…
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Web3 protocol Polytrade raises $3.8M to improve global trade
Polytrade, a web3 protocol focused on global trade, has raised $3.8 million in a seed round led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures, the startup exclusively told TechCrunch. Other investors include Singularity Ventures and GTM Ventures. The firm has previously been backed by Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania, among…
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Diem Co-Creator Shifts Focus to Bitcoin
Diem Co-Creator Shifts Focus to Bitcoin
Diem Co-Creator Shifts Focus to Bitcoin David Marcus, former Meta executive and co-creator of Facebook’s now sold Diem project, has moved his focus to Bitcoin (BTC), unveiling a new company, Lightspark, established with the aim to explore, build and extend BTC’s capabilities and utility. “As a first step, we’re actively assembling a team to dive deeper into the Lightning Network,” the…
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