Week Ending 01.27.19

 

PLAYUP SCRAPS ACQUISITION ON PROFIT CONCERNS
SYMBIONT AND REALBLOCK COMPLETE ROUNDS
HERDX HIRES CTO
AND MORE ↓

 
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MERGERS AND ACQUISITIONS

PlayUp, the Sydney, Australia-based sports betting firm, said it scrapped the acquisition of US gaming platform 123gaming over concerns including profitability and intellectual property ownership.

The company also scrapped a long-planned reverse merger with Mission New Energy. It expects to complete the acquisition of TopBetta this month.

PlayUp pulled the initial coin offering of its token PlayChip the day before it was scheduled to launch in November. It raised USD 25m in a pre-sale.


FILINGS

No S-1s were filed.


FUNDING

Symbiont, the New York City-based blockchain company, said it raised USD 20m in a Series B led by Nasdaq.

RealBlocks, the New York City-based investment firm using blockchain, said it raised USD 3.1m in a seed funding led by the marketing firm Science.


PEOPLE

HerdX, the Boerne, Texas-based agricultural technology company, said it hired Austin Adams as chief technology officer to build out its blockchain services.

The World Economic Forum selected Elizabeth Rossiello, the CEO and founder of BitPesa, the digital exchange platform for frontier markets, as co-chair of its blockchain council.

XYO, the San Diego, California-based blockchain company, said it expanded its advisory board with James DeBello, the former Mitek CEO, Adam Altman, the CEO of ILABS, and Sam Markowitz, the CEO of the eponymous marketing company.

Other executive moves included Breakout Capital, which expanded its board of directors.


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