DDigital Currency Group helps grow the digital asset ecosystem by making equity investments and providing strategic support across the startup lifecycle. It backs founders at all stages and has invested in more than 200 companies across 25+ countries, covering a wide range of crypto-native businesses such as exchanges, wallets, infrastructure, and adjacent services. Its help includes funding, mentorship, and access to a global network to help portfolio companies scale. DCG differentiates itself by maintaining a large, globally diversified portfolio and taking an active, hands-on approach across the investment lifecycle rather than focusing on a single niche or region. Its overarching goal is to unlock economic and societal opportunity by expanding decentralized finance and related technologies.
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Industries
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$340M
Headquarters
New York City, New York
Founded
2015
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Total Funding
$340M
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Umia, a platform that helps crypto projects issue and govern tokens, has completed a $6.11 million financing through the auction of its own UMIA tokens. Francesco Mosterts, co-founder and CEO of Umia, told The Block that the seven-day auction resulted in a fully diluted valuation of $18 million, with 17.3 million tokens sold, accounting for 34.6% of the total supply. All tokens sold in the auction were unlocked at issuance, with no lock-up period. According to CoinGecko, the current trading price of UMIA is approximately $0.68, corresponding to a fully diluted valuation of about $34 million. Approximately 45% of the funding came from institutional investors, with ten funds participating, including Galaxy Ventures, Digital Currency Group, Draper Associates, RenGen, Alpha EV, Maven 11, and Eon Capital, along with nearly 700 individual bidders. Umia stated that these funds participated on the same terms as other bidders, receiving no discounts, and no investors obtained board seats, observer roles, or advisory positions. The auction took place from August 26 to September 2 on Base, utilizing Umia's version of Uniswap's continuous liquidation auction, with a minimum target of $2 million and a maximum token price of $0.36. Umia places the intellectual property, operating team, and treasury of each project under the same legal structure associated with the token, rather than being dispersed among companies, foundations, and DAOs.
Crypto enterprise banking platform Limited has closed an $18.5 million seed round led by Third Prime, North Island Ventures, The House Fund, Collab+Currency, and ParaFi Capital. Pharsalus Capital, Digital Currency Group, 1982 Ventures, and Onigiri Capital also participated. Limited provides a global financial platform for multinational corporations. The platform integrates local corporate accounts, Visa cards, payments, treasury and expense management, and crypto infrastructure. The company aims to serve businesses operating across multiple jurisdictions with a unified banking solution.
Fortitude Mining Holdings has amended its credit facility with parent company Digital Currency Group, increasing the total commitment from $26 million to $50 million. Combined with approximately $7 million remaining under the initial commitment, Fortitude now has roughly $31 million of borrowing capacity available. The amendment allows DCG to fund future loans in Zcash (ZEC) rather than cash, with loans denominated and repayable in US dollars. Fortitude expects the remaining $31 million commitment will be funded in ZEC, which it plans to sell through market transactions. The company intends to use proceeds for Zcash mining machine purchases, facility acquisitions, and infrastructure expansion. The facility is secured by specified assets and includes mandatory prepayment provisions and restrictive covenants. Fortitude continues advancing its proposed business combination with HeartSciences, which would make it publicly traded under the ticker symbol "TUDE".
Circle has raised $440 million in what the company calls the largest crypto funding round in history. The financing ranks among the top 10 private fintech investments and will support Circle's growth, organisational development, and market expansion. Investors include Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Digital Currency Group, FTX, Breyer Capital, and others. Circle provides payments and treasury infrastructure for internet businesses, enabling them to use stablecoins and public blockchains. The company's platform has processed over 100 million transactions for more than 10 million retail customers and 1,000 businesses. Circle co-develops USD Coin (USDC) with Coinbase. USDC has reached $22 billion in circulation and supported over $615 billion in transactions over the past year, growing 436% in 2021.
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Industries
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$340M
Headquarters
New York City, New York
Founded
2015
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs