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Crypto startup Legion has raised $5 million in seed financing to develop a platform designed to revive initial coin offerings while addressing the fraud concerns that plagued the fundraising model during the 2017 boom. The round was led by asset-manager VanEck and Brevan Howard Digital, the cryptocurrency arm of the macro hedge-fund firm. Legion says the capital will fund technology that verifies project teams and creates a curated network of investors, aiming to lower compliance risks and improve transparency for token issuers.
Loop Crypto Strategic Round⚡️ 📑 About: @loopcrypto_xyz is a payment infrastructure for Web3. 🤝 Investors: @vaneck_us (Lead), @fabric_vc (Lead), @a16zcrypto, a_capital, @archetypevc, and others. 👉 https://t.co/vmJwJgMfrU https://t.co/RwLUdY5WZh
Machine-ready Solana data layer @lys_labs raised $4M in a Seed funding round from @AlchemyPlatform, @frachtisvc, @Auros_global, @smape_capital, @publicworksfm, @dingalingts, @BrucePon, @lilicjohn, @Ashcryptoreal. https://t.co/9sasnEiCW5 https://t.co/ptLQfQVQ0B
Digital asset trading and infrastructure company @teamlotech raised $5M in a Seed funding round led by @13bookscapital, with participation from @FactionVC, @verisventures, @CRIT_ventures, Mark Ransford. https://t.co/kXSlaS4TIc https://t.co/UAMapXmF7W
