🍋Fresh Funding🍋
Snickerdoodle Labs, NFT/Privacy: $2.3M ⮕ The seed funding round was led by Kenetic with participation from Blockchain Capital, Struck Ventures, Zilliqa Capital, FTX, Sam Bankman-Fried, Tribe Capital, and Zinal Growth.
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- Snickerdoodle offers NFT technology to build platforms that secure user privacy and data.
- The startup was founded by Jonathan Padilla, a former head of blockchain strategy at PayPal.
- Snickerdoodle announced plans to hold a token offering sometime this summer to obtain further capital for development.
Unchained Capital, BTC services: $25M ⮕ The Series A funding round was led by NYDIG and parent company Stone Ridge, with participation from Ecliptic Capital, Starting Line, Stronghold Resource Partners, TVP Bitcoin Venture Fund, Ten31, and Platform Ventures.
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- Unchained Capital is a BTC-focused financial services firm offering custodial and investment services.
- NYDIG has also committed to an incremental lending commitment of $100M and will continue its relationship as Unchained’s principal funding partner.
- Unchained and NYDIG plan to offer services where each partner holds keys in a collaborative custody arrangement to further security for institutional investors.