🌎 Stripe Acquires Bridge Startup for $1.1 Billion in Major Deal

Bridge Startup Acquired by Stripe for $1.1 Billion

Bridge, a stablecoin startup founded less than three years ago, has announced a major deal this week that is likely to make waves in the cryptocurrency community. Stripe, the San Francisco-based payment processing company, has agreed to acquire Bridge for $1.1 billion. This significant transaction is likely to have many crypto entrepreneurs wondering when their own ventures might attract such high-profile buyers. Until then, early-stage companies will need to continue courting venture capitalists to extend their operational runways.

Here are some of the latest startups that have recently secured funding, as reported by Crypto Fundraising between October 20 and October 26:

Bluesky Raises $15 Million in Series A Funding

Bluesky, a decentralized social media platform, has successfully completed a Series A funding round, raising $15 million. This round was led by Blockchain Capital, with additional participation from SevenX, True Ventures, and Alumni Ventures.

Variational Secures $10.3 Million in Seed Funding

Variational, a peer-to-peer trading protocol designed for perpetual and generalized derivatives, has raised $10.3 million in a seed round. The funding was led by Bain Capital Crypto and Peak XV Partners, with support from other investors including Cb Ventures, Dragonfly, and Hack VC.

Validation Cloud Raises $10 Million

Validation Cloud, a web3 infrastructure platform focusing on scalable and compliant infrastructure for enterprises, has secured $10 million from True Global Ventures. This brings Validation Cloud’s total funding to $15.8 million.