COSIMO Digital Rebrands and Secures $12 Million in Funding Round
Digital asset firm COSIMO Ventures rebranded to COSIMO Digital, announcing a $12 million strategic funding round. The round, led by former Bridgewater executive Des Mac Intyre, aims to target strategic partners for expansion in the digital asset market.
The rebrand consolidates services under one umbrella, offering investment funds, custody services, advisory, broker-dealer services, and Web3 and blockchain development. Managing partner Ciaran Hynes stated that the unified identity was timely. Rob Frasca from COSIMO emphasized their leadership in tokenization and blockchain markets, facilitating opportunities for investors.
Funding Updates:
Hyperbolic announced a $12 million Series A funding round, led by Variant Fund and Polychain Capital, bringing its total raise to $20 million. CEO Jasper Zhang described plans to create an "AI rainforest," a supportive ecosystem for artificial intelligence development.
Other Notable Funding News:
- Moonray announced a $10 million round with participants including Republic Crypto and Animoca Brands.
- TON Ventures received $5 million from OKX Ventures.
- Yei Finance completed a $2 million seed funding round led by Manifold.
- Crypto.com acquired Orion Principals Limited.
- Lava raised a Series A led by Funders Fund and Khosla Ventures.