In 2021, a competitor is getting quite a lot of funding to compete with ethereum. solana labs, a san francisco-based blockchain startup, raised $314.15 million (a nod to the mathematical ratio known as pi) in a token sale led by andreessen horowitz and polychain capital.
Ethereum has struggled to keep up with its own popularity at times, with transactions slowing down or with higher costs amid the boom in digital collectibles earlier this year. the main sale of solana? which is faster and more energy friendly than ethereum. If Solana can overcome the bottleneck that Ethereum has faced, it could lead to greater adoption of blockchain in general, and the Wall Street Journal notes that its transaction speed could set it up to compete with Visa.
while ethereum has handled around 20 transactions per second, solana says it can handle more than 50,000. meanwhile, visa handles around 65,000, according to the magazine.
Of course, I must borrow one of the cries of consolation from the broader crypto community when the value of different coins plunges, which is: we are in early innings. Ethereum’s market capitalization still vastly exceeds Solana’s (around $11 billion, according to CoinMarketCap). And while some have dubbed Solana an “Ethereum killer,” Olaf Carlson-Wee, managing partner at Polychain Capital, says he sees it as “a compliment to Ethereum.”
One thing is for sure: crypto companies looking to topple the crowns of bitcoin and ethereum will keep coming.
lucinda shentwitter: @shenlucindaemail: lucinda.shen @ fortune.com
– monogram health, a nashville-based care delivery and benefits management company focused on chronic and end-stage kidney disease, raised $160 million in series b funding. tpg capital led the round and was joined by investors such as frist cressey ventures,humana and norwest venture partners..
– verbit, a new york city-based captioning and transcription platform, raised $157 million in series d funding, valuing it at more than $1 billion. sapphire ventures led the round and was joined by investors such as third point, plus capital, omer cygler, azura, icon fund stripes, vertex ventures, hv capital, oryzn capital, viola companies, and claltech.
– letsgetchecked, a new york city-based virtual care company, raised $150 million in series d funding at a valuation of more than $1 billion. casdin capital led the round and was joined by investors such as commonfund capital, illumina ventures, optum ventures, transformation capital, hlm venture partners, qiming venture partners usa, and professional golfer rory mclroy.
– morning consult, a washington d.c.-based polling and data analytics company, raised $60 million in series b funding, worth $1 billion. advance venture partners led the round and was joined by investors such as susquehanna growth equity and lupa systems.
– kojin therapeutics, a cambridge, massachusetts-based biopharmaceutical company focused on cellular status and the biology of ferroptosis, raised $60 million in a series of grants. polaris partners, newpath partners and cathay health led the round and were joined by investors such as bayer hops, abbvie, eventide asset management, alexandria, and binney street capital.
– contentstack, a san francisco-based content management platform, raised $57.5 million in series b funding. insight partners led the round and was joined by investors such as illuminate ventures, gingerbread capital and georgian.
– lenus, a denmark-based maker of a training platform for health and fitness professionals, raised €50 million ($60 million) in a series of fundraising eqt ventures.
– maintainx, a san francisco-based maker of software for industrial and frontline workers, raised $39 million in series b funding. bessemer venture partners led the round and was joined by investors such as amity ventures, vulcan capital, augusto capital, ridge ventures, and oldslip group.
– overhaul, an austin-based supply chain visibility and security software company, raised $35 million in series b funding. macquarie capital led the round and was joined by investors including edison partners and avanta ventures.
– gedeon brothers, a Croatian robotics and artificial intelligence company. company, raised $31 million in a series of funds. koch disruptive technologies led the round and was joined by investors such as db schenker, prologis ventures and rite-hite .
– terraformation, a forest restoration company, raised $30 million in funding. Sam & max altman of apollo project led the round and was joined by investors including sundep ahuja, lachy groom, sahil lavingia, joe lonsdale, susan wu and ovn cap.
– dispo, the maker of disposable camera apps, has raised $20 million in a series of funds, according to a source with knowledge of the matter. the series a round comes after the controversy surrounding its founder, the youtuber david dobrik. investors included annie leibovitz and kevin durant.
– liteboxer, a home fitness company based in boston, massachusetts, raised $20 million in a series of fundraisers. investors included agile companies, b. riley venture capital, raptor group, will ventures and musical artist timbaland.
– hawthorne effect, a san francisco-based platform for decentralizing clinical trials, raised $20 million in a series of funds. northpond ventures led the round and was joined by investors such as signalfire and p5 health ventures.
– stoke, a palo alto, california-based independent management software maker, raised $15.5 million in a series of grants. battery ventures led the round and was joined by investors such as tlv partners, dynamic and loop.
– bloom, a commercial real estate subscription platform based in san diego, california, raised $15 million in a series of grants. Canapi Ventures led the round and was joined by investors, including NYCA Partners.
– superb, a Denmark-based maker of restaurant management software, raised €12 million ($14.6 million) in a series of funds. kinnevik led the round and was joined by investors such as knight capital and seed capital
– kafene, a new york city-based buy now pay later startup focused on consumers with sub-prime credit scores, raised $14 million in a series of funds . Global Founders Capitaland Third Prime Ventures co-led the round and were joined by investors including Valar, Company.co, Hermann Capital, Gaingels, Republic Labs, Uncorrelated Ventures and laboratories fj.
– evoendo, a denver-based company that develops medical devices for transnasal endoscopy without sedation, raised $10.1 million from investors, including tlp investment partners .
– rise science, a Chicago-based sleep monitoring app maker, raised $15.5 million in funding. which included $10 million in a financing series led by goodwater capital and a seed round of $5.5 million with the participation of freestyle capital, high alpha and true ventures. strong>
– tracer, a data intelligence platform based in New York City, raised $9.9 million in seed funding. Investors included marc lore and thirty-five companies.
– now, an atlanta-based company for immediate bill payments, raised $9.5 million.virgo investment group led the round and joined by investors, including cresset capital partners (not affiliated with cresset capital management).
– hummingbot, a provider of cryptocurrency exchange software based in mountain view, California, raised $8 million in a series of funds. seeded capital led the round and was joined by investors such as slow ventures, arrington xrp capital, borderless capital, ava labs and ascendex.
– lifted, a UK-based home care startup, raised $6.2 million in a series of grants. fuel ventures led the round and was joined by investors including 1818 venture capital, novit ventures, perivoli innovations, and the j.b. ugland family office.
– commit, a Canada-based creator of a professional network for startup engineers, raised $6 million in seed funding. accomplice led the round.
– extractor, a san francisco-based communication platform for the commercial construction industry, raised $5.3 million in a series of funds from jackson square ventures.
– poised, a san francisco-based speech coaching company using artificial intelligence, raised $4.5 million in seed funding. wing venture capital led the round and was joined by investors such as next play ventures, slack fund, hyphen capital and concrete rose capital.
– duos, a new york-based digital health company featuring a personal assistant for seniors, raised $6 million from investors including redesign health and forerunner ventures. – Guest House, a Denver-based housing organization company, raised $3 million in seed funding. range ventures led the round and was joined by investors including ludlow ventures, 87 capital, rucker park capital, v1 ventures and break trail ventures.
– compose.ai, a san francisco-based predictive text plugin maker, raised $2.1 million in seed funding. the craft companies led the round.
– buyerassist, a san francisco-based enterprise sales platform, raised $2 million in seed funding. stellaris venture partners and start-ups led the round.
– a long-term fund raised by eqt acquired anticimex, a Swedish pest control company, from eqt vi background. The deal, which values the company at about $7.2 billion, also boosted the holdings of melker schörling and gic.
– contango oil & gas (nyse: nfc) will merge with independence energy, a kkr-backed oil and gas company. the deal will value the companies at $5.7 billion.
– insight partners invested $110 million in brinqa, an Austin-based cybersecurity company.
– accelerant, backed by altamont capital partners, acquired agribusiness risk underwriters, a winston-salem-based poultry farm provider, n.c. insurance underwriting. financial terms were not disclosed.
– apollo global has agreed to purchase a majority interest in total operations and production services, a midland, texas-based gas equipment company. financial terms were not disclosed.
– beacon mobility, a portfolio company of audax private equity, acquired transit team, a paratransit transportation service based in Minneapolis, Minn. business. financial terms were not disclosed.
– The Carlyle Group acquired a majority stake in 1e, a UK-based IT analytics company. financial terms were not disclosed. – gac media, backed by hicks equity partners, acquired great american country network, a cable television network based in knoxville, tenn. , of discovery. financial terms were not disclosed.
– granite creek capital partners and canterbury ventures acquired diamond blade warehouse, a diamond saw blade and a tool with headquarters in Vernon Hills, Ill. business. financial terms were not disclosed.
– nutrition and wellness innovations acquired capstone nutrition, an ogden, ut.-based developer and manufacturer of nutrition and wellness products from brightstar capital partners. Financial terms were not disclosed.
– inrule technology, backed by opengate capital, has acquired Chicago-based simmachines, a machine learning software platform based in Chicago. chicago. financial terms were not disclosed.
– periscope capital invested in mas, a medical staffing agency based in londonderry, new hampshire. financial terms were not disclosed.m.
– valterra partners and fifteen forty-seven critical real estate systems acquired colohouse, a provider of managed services and in the cloud based in miami. financial terms were not disclosed.
– bain capital private equity and crosspoint capital partners have agreed to acquire extrahop, a seattle-based threat detection and response company for about 900 million dollars.
– ciox health, backed by new mountain capital, will merge with datavant, a san francisco-based health technology company. a deal values the business at $7 billion, including debt.
– sinch has agreed to acquire messagemedia mobile messaging company for SMEs, an Australian-based business messaging company, for $1.1 billion.
– gemini acquired shard x, a cryptographic technology company. financial terms were not disclosed.
– aramis, a French second-hand car company backed by stellantis, is seeking an initial public offering that would value it at 2.3 billion euros ($2.8 billion). dollars).
– about you, a German e-commerce company, plans to raise up to 941 million euros ($1.1 billion) in an initial public offering in Frankfurt.
– made.com, a UK-based furniture retailer, plans to raise up to 286 million pounds ($405 million) in an initial public offering in London, according to Bloomberg.
– amtd digital, the hong kong-based fintech unit spin-off of amtd, now plans to raise $120 million in a 16 million-ad offering priced between $6.80 and $8, twenty.
– atour lifestyle holdings, a Chinese hotel chain, has requested to raise $100 million in an initial public offering. trip.com stands behind the company.
– torrid holdings, a city of industry, a California-based retailer that grew out of a hot topic, stepped forward to raise $100 million. withdrew previous plans to go public in 2019. sycamore backs the company.
– vista global holding, a dubai-based business aviation provider, is in talks to merge with a spac, according to bloomberg. a deal could value him at $10 billion.
– propertyguru, a real estate company based in singapore, is in talks to merge with bridgetown 2 holdings, a space of richard li and peter thiel, according to bloomberg.
– Foresight II acquisition, a Chicago-based blank check company backed by former Walgreens CEO Greg Wasson, has requested to raise up to $250 million. is aimed at consumer healthcare businesses.
– shamrock capital, a los angeles-based investor, closed shamrock capital growth fund v with $1 billion to focus on acquisitions and growth capital investments in later stages in media, entertainment and communications.
– ret ventures, a park city, ut.-based venture capital firm focused on real estate technology, raised $165 million for its second fund.
– version one, a vancouver-based venture capital firm, raised $70 million for its fourth fund and $30 million for its second opportunity fund.
– blocktower capital, a crypto hedge fund, acquired gamma dot capital from the rival hedge fund for $35 million.
– hanover partners, a san francisco private equity firm, has named vineet varma as a partner. He was previously at alvarez & marsal capital.