Bitwise Asset Management completed a $70m round backed by Coinbase at a $500m-plus valuation, while luxury goods wholesaler Joor raised $46m to take its overall funding to $81m.
Funding
US-based crypto index fund manager Bitwise Asset Management closed a $70m series B round yesterday featuring Coinbase Ventures, the venture capital arm of cryptocurrency exchange operator Coinbase. Electric Capital and private investor Elad Gil co-led the round, which included Third Point, Willoughby Capital, Moore Strategic Ventures, Vetamer Capital, Highland Capital Partners, Khosla Ventures, Blockchain Capital, Castle Island Ventures and assorted individuals, valuing it above $500m. The company had secured $10.5m in a Highlight Capital-led series A round in May…
