Bertelsmann helped crypto financial service provider Babel Finance close a $40m series A round while Blind raised $37m from investors including Cisco.

Funding

China-headquartered crypto financial services provider Babel Finance closed a $40m series A round yesterday featuring both media group Bertelsmann and its BAI Capital vehicle. Zoo Capital, Sequoia Capital China, Dragonfly Capital and Tiger Global Management also participated in the round, which followed an undisclosed amount of pre-series A funding from Dragonfly Capital and Parallel Ventures in March 2020.

Blind, the US-based creator of an anonymous online community for employees, raised $37m yesterday in a series C round backed by…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.