Crypto.com, Huobi and BitMart invested in cryptocurrency scaling technology developer Boba Network at a $1.5bn valuation while natural fibre composite provider Bcomp netted $34.9m in a BMW-led round.

Funding US-headquartered cryptocurrency scaling and hybrid compute technology developer Boba Network completed a $45m series A round featuring digital currency exchanges Crypto.com, Huobi and BitMart yesterday at a $1.5bn valuation. Almost 400 investors backed the round, the company said, including Hypersphere, Infinite Capital, Hack VC, GBV, Alliance DAO, The Venture City, Sanctor Capital, Shima Capital, DeFi Tech, 10X Capital, TRGC, D1, Portal, Genblock Capital, Rarestone Capital, Kosmos, Kinetic Capital, Ghaf Capital, LD Capital, Old Fashion Research, Krypital, Alphanonce, IOST Foundation, ROK Capital and RedlineDAO. Carmaker BMW led Switzerland-based natural fibre composite developer Bcomp’s CHF32m ($34.9m) series B round yesterday through its BMW i Ventures unit. The round was also backed by Volvo Cars Tech Fund and Porsche Ventures – on behalf of automotive manufacturers Volvo Cars and Porsche – in addition to insurance firm Generali; Airbus Ventures, the investment arm of aerospace manufacturer Airbus; and unnamed existing backers. US-based revenue orchestration software startup Rattle received $26m yesterday in a series A round that included GV, the subsidiary of internet and technology group Alphabet formerly known as Google Ventures. Growth equity firm Insight Partners led the round, which also featured existing backers Sequoia Capital and Lightspeed Venture Partners. Cryptocurrency exchange FTX agreed yesterday to provide an undisclosed amount of funding for IEX Group, the US-based operator of stock exchange Investors’ Exchange. IEX had raised a total of $101m as of a $75m series C round in 2015 featuring insurer Massachusetts Mutual’s MassMutual Ventures unit, Spark Capital, Bain Capital Ventures, Franklin Resources, Jim Clark and Steve Wynn. It added undisclosed amounts from Georgian in 2019 and Caisse de dépôt et placement du Québec in late 2020. US-based coding terminal technology developer Warp emerged from stealth yesterday, disclosing $23m in funding from internet and technology conglomerate Alphabet’s GV subsidiary, Neo, BoxGroup and angel investors Dylan Field, Elad Gil, Jeff Weiner and Marc Benioff. The financing was split between a $6m seed round featuring GV, Neo and BoxGroup and a $17m series A led by Field, according to TechCrunch. Australia-headquartered data analytics software provider Zetaris has closed a A$30m ($22.8m) funding round that included online investment platform operator Reach Markets, ARN reported today. Exto Partners led the round at an $83.7m valuation and it also featured In-Q-Tel, Vulpes Ventures Singapore, 72 Capital and unnamed other investors. The Parentinc, the Singapore-based operator of online parent community TheAsianparent, has secured $22m in primary and secondary funding through a series D round featuring messaging app developer Line,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.