Pantera Capital Acquires Coinsuper, Abra, and McSweeney’s Theblock
Currently, Pantera Capital is looking to acquire some of the best domain names on the market. This includes Abra, Coinsuper, and Mcsweeney’s Theblock. These names will serve as the foundation for the new 15m Series Pantera Capitalmcsweeney Theblock.
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Founded in 2013, Unstoppable Domains is a San Francisco-based company that enables you to create a website and a digital identity for your business. It offers a unique solution that connects Web2 and Web3 applications, enabling you to securely access and host controversial content.
15m Series Pantera Capitalmcsweeney Theblock provides a free service that allows you to create your own domain and use it for your business. It also offers domain rental, which gives you access to your domain for a short period of time. The platform also allows you to link your domain to over 50 services, and it’s compatible with the latest browsers such as Opera and Brave.
The company was founded by Matthew Gould and Bogdan Gusiev. The team has more than 100 employees. The company has been named one of the Forbes Best Startup Employers in 2022.
Earlier this year, Abra, a Silicon Valley tech startup, raised an impressive $55 million in Series C funding. The round was led by IGNIA and Blockchain Capital, and included a slew of VC firms, including Kingsway Capital, CMT Digital Ventures, and Tiga Investments. The company also recently announced a new OTC trading desk.
Abra was founded by Ben Iiams, a former Google employee, who spent several years building out the company’s infrastructure. He was recently promoted to the company’s head of trading and credit markets. Abra’s current customer base is two million strong. It processes more than four billion dollars in transactions annually. As of today, Abra’s largest revenue-producing product, Abra Trade, is now a $1 billion asset.
The company has also been laying the foundation for a major international expansion. Abra Borrow is currently available in more than fifty countries. Customers can obtain short-term loans in USD that pay out in crypto.
Touted as a jack-of-all-trades by founders Dan and Steve, the dude behind Xero has been on a spending spree for some time now. Among his latest purchases is a dot com (well, a dot com) which has been renamed as Xero. Previously, the dude was a savvy scalawag with a knack for making deals. Those deals have been rewarded with a hefty severance package. The good news is, you can expect to see some serious cash in your bank account in no time. In the interim, Xero will be operating out of a swanky new office space in San Francisco’s hottest tech hub.
About Pantera Capital
Investing in early stage tokens is one of the focuses of 15m Series Pantera Capitalmcsweeney Theblock, an institutional asset manager focused on the blockchain and digital assets industry. The firm manages over $400 million in two venture funds, and has recently made an investment in a startup behind the 0x exchange protocol.
In December, the company’s venture fund participated in a $15 million Series A funding round of Alchemy. It has also recently made investments in two early stage gaming companies.
Pantera Capital’s blockchain fund will invest in venture equity and liquid tokens. It will invest in projects that offer global institutionalization of space and consumer use cases. It will also invest in NFT marketplaces and developer tools. Its minimum investment is $1 million.
The company also has investments in other ventures, including Arbitrum, which is a leading layer-2 scaling solution. It also contributed $50 million to Kik Interactive Inc.’s pre-sale.