Securitize has announced a $12.75 million funding round led by Blockchain Capital. Additional investors include Coinbase Ventures, Global Brain, NXTP, OK Blockchain Capital, and Xpring at Ripple. Brad Stephens from Blockchain Capital will be joining Securitize’s Board of Directors.
ApplePie Capital announced it recently surpassed $300 million in loans originated to franchise entrepreneurs opening or expanding their businesses. ApplePie is an online lender whose franchise loan marketplace enables single- and multi-unit franchisees to obtain financing to start or expand their franchise business. At the same time, it enables investors to earn fixed-income returns with established franchise brands.
Crypto wallet provider Abra is launching a new token in a bid to offer investors more exposure to the cryptocurrency market.
The Bitwise 10 Crypto Index Token (Bit10), developed with Bitwise Asset Management, tracks the top 10 cryptocurrencies by market capitalization and is rebalanced monthly. Investors can purchase the token, which is built on bitcoin, to essentially invest in all 10 cryptocurrencies at once, according to a press release.
This grants retail investors access to "nearly 80 percent of the cryptocurrency market" at once, the release stated.
Abra CEO Bill Barhydt told CoinDesk that at present, the fund invests in bitcoin, ethereum, XRP, bitcoin cash, EOS, stellar, litecoin, dash, monero and zcash. Users can deposit bitcoin, litecoin, bitcoin cash or a fiat currency into their Abra wallets and convert funds to the Bit10 token, he added.
Morgan Creek, a capital management company that oversees more than $1.5 billion in assets, has partnered with Bitwise Asset Management to create the Digital Asset Index Fund.
The new cryptocurrency asset fund is the latest in Bitwise’s suite of cryptocurrency investment offerings, as the asset management company already owns the HOLD 10 Index Fund. It also aspires to launch a cryptocurrency ETF in the near future.
ApplePie Capital partnered with School of Rock to simplify the financing process for new and existing franchisees. This collaboration will provide a wide variety of financing solutions for new school development and acquisitions, as well as financing for remodels, equipment and refinancing. The new partnership is effective immediately. With School of Rock as a pre-approved franchisor, ApplePie will minimize approval times and accelerate the time to funding for franchisees.
The San Francisco-founded group of angel investors, which began in 2000, has about 3200 members across 53 chapters in the US, Europe and the Asia-Pacific region, and charges members a yearly fee in exchange for access to global, pre-vetted deals.
The Australian chapter of the business will be headed by Sapien Ventures founder Victor Jiang, with PrimaryMarkets chief executive Nick Capp set to be vice-president.
The Hadron AI Marketplace provides an means to conduct both machine-powered and human AI training. Users who wish to passively earn rewards for unused compute power download the Hadron Workforce App to their devices and connect to the marketplace. Active earning is also enabled through completion of human intelligence tasks for AI training through a game-like interface. Monetized datasets will also be available on the platform which can be bought or rented to train AI models.
High Fidelity, a social VR startup founded by one of Second Life’s original creators has bagged a $35 million Series D led by Blockchain investment firm Galaxy Digital Ventures. Also participating in the round were Breyer Capital, IDG Capital Partners, Vulcan Capital and Blockchain Capital.
The startup is building the framework for a linked universe of user-generated worlds where people can meet up in VR with a backbone that the company’s leadership believes will allow the company to scale quickly once VR hardware catches up with expectations.