Juno, a Singapore-based Web3 crypto company offering customers checking accounts tied to crypto assets, raised $18 million in a Series A funding round led by Parafi Capital Juno has raised $18 million in a Series A funding round led by Parafi Capital. The fresh capital follows a 2019 startup seed round in which Juno raised $3 million from investors.
Juno raises $18 million in funding round led by Parafi Capital; crypto startup releases royalty tokens
Web3 crypto startup.Junois a digital currency company that offers customers the ability to create checking accounts using crypto assets.On October 1, the company raised $18 million in a Series A funding round led by Parafi Capital It was revealed that the company had raised $18 million in a Series A funding round led by Parafi Capital.
According to the announcement, Juno’s Series A investors also include 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto, and Uncorrelated Fund Juno’s co-founder and Juno’s co-founder and chief executive officer, Varun Deshpande,,said,
. Tech Crunch reporter Manish Singh says the company has “reached an annualized transaction volume processing of $1 billion.”
The company also launched a new token called JCOIN, and Junoairdroppedthe new ERC20 token to “70k+ Juno users.” The capital from the latest funding round will be used to expand the company’s team and its loyalty program; JCOINs will be used for “exciting offers, collectibles, and in-app boosts redeemable through JCOINs only in the Juno Store.”
So far, the startup, founded by the founders who originally created the Ethereum lending protocol Nuo, has raised $21 million to date, following $18 million in Series A funding and the company’s seed round in 2019 As of 2019, investors backing Juno included Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan, and Ryan Selkis.
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