Investment Firm 1kx Closes $75 Million Funding Round, Raising $275 Million Cumulatively
Investment firm 1kx has successfully raised $75 million in its latest funding round. The company on Thursday closed the first offering of a new oversubscribed closed-end fund in a round that included participation from Marc Andreessen (a16z), Chris Dixon, Accolade Partners and Galaxy Digital. This brings 1kx's cumulative subscribed funds to $275 million since the cryptocurrency bear market began nearly two years ago. The latest recent funding will be utilized to provide technical support and infrastructure help to the extremely large company and token network to promote new user appeal and community service.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Meta (META.US) data center's first high-yield bond is oversubscribed more than four times, strong demand drives premium issuance
The first junk bond issuance by the data center division of Meta Platforms attracted demand over four times the transaction size, with its enticing yields drawing in investors.
US stock index adjustments to take effect next Monday: Bloom Energy (BE.US) and Everpure (P.US) to be included in S&P 500, changes also for mid- and small-cap stocks
Bloom Energy, Illumina, and Everpure will be included in the S&P 500 index, while several other companies will be added to the S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices.
Is the Federal Reserve repeating the 2022-style rate hikes? Bank of America warns: Rates may return above 5%, suggests shorting two-year U.S. Treasuries.
Bank of America warns: With Waller at the helm, the Federal Reserve may raise interest rates above 5%, potentially repeating the events of 2022.
Crypto prices
More
