Juno, the Singapore-based Web3 crypto company that supplies clients examining accounts linked to crypto properties, has actually elevated $18 million in a Collection A funding round led by Parafi Funding. The fresh resources complies with the start-up’s seed round in 2019 when Juno elevated $3 million from financiers.
Juno Elevates $18 Million in a Financing Round Led by Parafi Funding, Crypto Start-up Exposes Commitment Token
The Web3 crypto start-up Juno is an electronic currency firm that gives customers with the capability to produce a bank account by leveraging crypto properties. On October 1, it was disclosed that the firm has actually elevated $18 million in a Collection A financing round led by Parafi Funding.
According to the statement, Juno’s Collection A capitalists additionally consisted of sixth Guy Ventures, Hashed, Sequoia India’s Rise, Greycroft, Dive Crypto, and also Uncorrelated Fund. Varun Deshpande, the founder and also president of Juno, informed Technology Grind press reporter Manish Singh the company has actually “has actually gotten to $1 billion in annualized purchase quantity handling.”
The firm has actually additionally introduced a brand-new token called JCOIN and also Juno airdropped the brand-new ERC20 token to “70k+ Juno customers.” The current financing round’s resources will certainly be made use of to broaden the firm’s group and also the company’s commitment program. JCOIN will certainly be made use of for “amazing deals, antiques, and also in-app increases redeemable with JCOIN, just on the Juno Shop.”
Thus far the start-up, which was initially begun by creators that produced the Ethereum borrowing procedure Nuo, has actually elevated $21 million to day, after the $18 million Collection A fundraising and also the firm’s seed round in 2019. At the time in 2019, the financiers that backed Juno consisted of Dragonfly Funding, Polychain Funding, Sequoia Funding, Balaji Srinivasan, and also Ryan Selkis.
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$ 18 million Collection A, sixth Guy Ventures, Balaji Srinivasan, Funding raising, Examining Account, Crypto Bank Account, Dragonfly Funding, Greycroft, Hashed, JCOIN, Dive Crypto, Juno, Parafi Funding, PolyChain Funding, Ryan Selkis, seed round, Sequoia Funding, Sequoia India’s Rise, Collection A, Singapore, Uncorrelated Fund, Varun Deshpande, Web3, Web3 Juno.
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Jamie Redman.
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