Week Ending 11.04.18

 

APPX SEEKS ACQUISITIONS
ARTPRICE TO HIRE CHINA CEO
FORTRESS CFO LEAVES AFTER EIGHT MONTHS
AND MORE ↓

 
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EYE ON A.I. GETS READERS UP TO DATE ON THE LATEST FUNDING NEWS AND RELATED ISSUES. SUBSCRIBE FOR THE WEEKLY NEWSLETTER.


 

MERGERS AND ACQUISITIONS

American Premium Water, the Playa Vista, California-based company operating the FashionCoinX platform, said it acquired energy and cannabis-drink technology from unspecified parties for restricted stock.

APPx, the Vancouver, Canada-based financial technology incubator, said it is seeking blockchain acquisitions. It shares began trading on the Canadian Securities Exchange on Friday. APPx is also developing an AR advertising application.

Chainlink, the Cayman Islands-based blockchain company, said it acquired smart contract firm Town Crier. Terms weren’t disclosed.

Success Entertainment, the Taipei, Taiwan-based education and video sharing firm, said it acquired an undisclosed stake in Taipei Artificial Intelligence Wallet Technology.

Other deals include Global Blockchain Technologies


FILINGS

Datametrex AI, the Toronto, Canada-based company operating AI and blockchain businesses, said the Canadian Securities Exchange conditionally approved the reverse merger of its unit Graph Blockchain with Reg Technologies. Graph is also planning to raise CAD 1m (USD 764,924) in a downsized private placement of an unspecified number of shares with warrants at USD 0.30 each.

The company said in September it planned to raise up to CAD 4m from the sale of 13.3m shares with warrants at CAD 0.30 each. Shareholders approved the deal in September.

More from Datametrex regarding another subsidiary here.

Hash Labs, the Miami, Florida-based company developing an app to trade gold-backed cryptoassets, said it is selling 4.99m shares, worth USD 23.70m at the price quoted in the filing.

Other filings include Blockchain Foundry, BTCS, OBITX and KinerjaPay, which auditors question as a going concern


FUNDING

Dapper Labs, the Vancouver, Canada-based developer of CryptoKitties, said it raised USD 15m in a funding round led by Venrock. Venture capital funds run by Google and South Korea’s Samsung also particpated.

Merit, the Seattle, Washington-based blockchain firm, said it is selling 15m coins over the next 18 months. The company didn’t say how much it planned to raise.

ThreeD Capital, the Toronto, Canada-based venture capital firm focused on resources, AI and blockchain, said it raised CAD 1.09m (USD 828,425) from the private placement of 10.85m shares with warrant at CAD 0.10 each.

In August, ThreeD raised a more than planned CAD 1.3m (USD 996,892) in a private placement of 13.2m shares and warrants at CAD 0.10 each. Earlier the company said it planned to raise as much as CAD 1m.

Coinbase, the San Francisco, California-based cryptocurrency exchange, said it raised USD 300m in a Series E led by Tiger Global. The company was valued at $8 billion.

Starkware, the Natanya, Israel-based blockchain company, said it raised USD 30m in a Series A led by Paradigm, the cryptocurrency hedge fund set up by Coinbase co-founder Fred Ehrsam. Intel and Coinbase’s venture capital fund as well as Multicoin Capital also participated.

Other deals include STIPS|FinTech


LEGAL & REGULATORY

The US Securities and Exchange Commission released its 2018 enforcement report, citing blockchain and initial coin offerings as a core area.

And a blockchain arrest in India from Quartz here.


PEOPLE

Artprice, the Saint Romain au Mondt d’Or, France-based company tracking art auctions with blockchain, said it plans to hire a Greater China CEO.

Blocksafe, the Costa Rica-based blockchain company, said CFO Duane Jacobsen has been promoted to CEO. Current CEO and founder Kevin Barnes is stepping down to take up the board chairman position. Jacobsen will also serve as acting CFO.

Jacobsen joined Blocksafe in April as CFO and COO.

Blocksafe launched the presale of an up to USD 27m initial coin offering planned for the end of this year.

Fortress Blockchain, the Vancouver, Canada-based bitcoin mining company, said promoted Sean Ty to CFO after David Pais resigned after eight months on the job. Ty was the company’s controller.

POSTaBIT, the Seattle, Washington-based payments firm using blockchain, said it hired Laurie Posini as chief compliance officer. Posini was a principal at law firm Blakemore, Fallon, Garcia, Rosini & Russo.

The company hired consultant Stephen Gledhill as CFO in September.

Ledger, the Paris, France-based cryptowallet company, said it hired Benjamin Soong as head of Asia-Pacific. Soong was head of regional sales at S&P Global Market Intelligence.

Cred, the San Francisco, California-based cryptocurrency lender, said it hired Maxim Rohkline as chief product officer. Rohkline was previously an executive at Tradeshift, the payments firm. Cred also hired former Goldman Sachs executive James Alexander as chief capital officer and former PayPal executive Richard Oh as general manager of Asia.

Polychain Capital, the San Francisco, California-based cryptoinvestment fund, lost partner Ryan Zurer according to an Axios report.

Other hires included AlphaPoint


DATA

Initial coin offerings had their weakest month since March of last year in November raising only USD 55m, according to data from ICOdata.io.


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