SoftBank’s Latin America Fund helped prayer app developer Glorify raise $40m at a $250m valuation while decentralised derivatives network Hxro Network secured $34m in a round featuring several corporates.
Funding
UK-headquartered Christian prayer app developer Glorify completed a $40m series A round yesterday that included telecommunications and internet group SoftBank’s Latin America Fund. The round was led by venture capital firm Andreessen Horowitz and also featured K5 Global and private investors including Kris Jenner, Corey Gamble, Michael Ovitz, Michael Bublé and Jason Derulo. The deal valued it at about $250m, according to the Financial Times.
Susquehanna International Group’s SIG DT Investments vehicle and fellow trading firm Jump Group’s Jump Crypto subsidiary co-led a $34m funding round for US-based decentralised derivatives network creator Hxro Network with Blockchain Capital on Tuesday. The round included Solana Ventures and Coinbase Ventures – on behalf of blockchain platform Solana and crypto exchange Coinbase – as well as trading firms Alameda Research, Chicago Trading Company and Pattern Research, digital currency prime broker Genesis, Commonwealth Asset Management, CoinFund, LedgerPrime, Mantis and Magnus Capital.
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