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Congrats to Sam Bankman-Fried and FTX team for raising $900M Series B at $18 billion valuation. It’s been an honor to partner with the team since 2019 and happy to participate in this round.  FTX is building the future of crypto, and I am super excited for my first Decacorn investment =)

Here are some highlights:
⛳️ FTX was founded in May 2019
💰 Raised $900M from Sequoia Capital and Softbank Vision Fund
♻️ $10B daily trading volume
📈 75X growth from 2020 (in volume)
👥 1M+ registered users

P.S.  I am hosting a FoundersHK workshop on the topic of How to Build an eCommerce Brand with Frost Li (former head of growth at Wish) tonight. Join us!

This week a total of 3startups raised $ 2.6928B in funding, M&As:

  • $248.4M goes to 12 Enterprise startups
  • $72.2M goes to 5 FinTech startups
  • $100M goes to 1 InsurTech startup
  • $921M goes to 2 Crypto startups
  • $12.5M goes to 1 Mobile startup
  • $25M goes to 2 HR startups
  • $80M goes to 1 Marketplace startup
  • $24M goes to 1 Education startup
  • $513M goes to 4 Healthcare startups
  • $121.5M goes to 3 BioTech startups
  • $36M goes to 2 Renewable Energy startups
  • $93M goes to 2 Food & Beverage startups
  • $430M goes to 1 AgTech startup
  • $16.2M goes to 2 Other startups
If you love this newsletter, ask your best friends to sign up.

Edith

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  Funding (300 miles radius from Silicon Valley)

Enterprise FinTech InsurTech Crypto Mobile HR Marketplace Education Renewable Energy Food & Beverage Healthcare BioTech AgTech Other  IPO & M&A (300 miles radius from Silicon Valley)  
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