Ripple Acquires Hidden Road for $1.25 Billion, Boosting crypto Funding
In the second week of April, Ripple made a big move by acquiring Hidden Road for $1.25 billion. This deal, primarily cash-based with some XRP and ripple stock, pushed the week’s total crypto funding over $1.5 billion, as reported by Crypto Fundraising.
Hidden Road’s founder, Marc Asch, will stay on to lead the brokerage under Ripple. Ripple’s CEO, Brad Garlinghouse, explained that this acquisition is crucial for expanding Ripple’s appeal to major financial institutions.
Wunder Social Secures $50 million for Social Media Revolution
British startup Wunder Social raised $50 million, led by Rollman Management. Set to launch in 2025, Wunder.Social aims to disrupt the $200 billion social media industry with advanced technology and a user-first approach. Former TikTok marketing head ryan Martin is now Wunder’s Chief Marketing Officer.
Blackbird and Simultaneously occurring Secure significant Investments
Blackbird, a restaurant loyalty platform, secured $50 million in Series B funding. Spark Capital, Coinbase Ventures, and a16z crypto were among the investors. meanwhile, a Bitcoin-denominated life insurance firm, raised $40 million in Series A funding. This will help expand its global reach and protect users from inflation.
Other Notable Funding Rounds
- Solix DePIN raised $29.5 million to enhance its decentralized bandwidth marketplace.
- APX L
