THELOGICALINDIAN - Liquidcom a Japanbased cryptocurrency belvedere appear the acknowledged cease of its Series C fundraising annular which saw the aggregation accomplish a absolute appraisal of over US1 billion authoritative it one of alone two tech unicorns in the countrys startup industry It took Liquid beneath than bristles years to accomplish this admired 1 billion title
Series C funds will be acclimated for the purposes of all-around amplification and artefact development.
Liquid’s Series C advance annular was spearheaded by IDG Capital and Bitmain Technologies, one of the world’s better (and best controversial) makers and users of cryptocurrency mining rigs. The above aggregation is already invested in Coinbase, Ripple, Bitmain, and Kakao’s cryptocurrency company, while the closing has afresh invested in ErisX, a derivatives-and-crypto asset trading belvedere with goals to accretion a authorization from the Commodity Futures Trading Commission.
Bitmain co-founder Jihan Wu, who recently stepped bottomward as CEO afterwards a afflictive year, declared via a press release:
Young Gao, General Partner of IDG Capital, additionally stated:
IDG Capital and Bitmain Technologies are not the alone high-profile investors to pump funds into Liquid. The aggregation has already aloft added than US$20 actor from JAFCO, SBI, B Dash Ventures, Mistletoe, and ULS Group, afterward a added than US$100m pre-discounted antecedent bread alms fundraising accident — Japan’s aboriginal adapted ICO.
Liquid CEO Mike Karamori was understandably stoked afterward the acknowledged fundraising round, stating:
What do you anticipate of Liquid’s cachet as a tech unicorn afterwards accepting above investments from Bitmain and IDG Capital? Let us apperceive your thoughts in the comments below!
Images address of Shutterstock.
