Juno, the Singapore-based Web3 crypto agency that provides prospects checking accounts tied to crypto property, has raised $18 million in a Series A financing spherical led by Parafi Capital. The recent capital follows the startup’s seed spherical in 2019 when Juno raised $3 million from buyers.
Juno Raises $18 Million in a Funding Round Led by Parafi Capital, Crypto Startup Reveals Loyalty Token
The Web3 crypto startup Juno is a digital foreign money firm that gives purchasers with the flexibility to create a checking account by leveraging crypto property. On October 1, it was revealed that the corporate has raised $18 million in a Series A funding spherical led by Parafi Capital.
According to the announcement, Juno’s Series A buyers additionally included sixth Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto, and Uncorrelated Fund. Varun Deshpande, the co-founder and chief government officer of Juno, informed Tech Crunch reporter Manish Singh the agency has “has reached $1 billion in annualized transaction volume processing.”
The firm has additionally launched a brand new token referred to as JCOIN and Juno airdropped the brand new ERC20 token to “70k+ Juno users.” The newest funding spherical’s capital can be used to broaden the corporate’s group and the agency’s loyalty program. JCOIN can be used for “exciting offers, collectibles, and in-app boosts redeemable through JCOIN, only on the Juno Store.”
So far the startup, which was initially began by founders who created the Ethereum lending protocol Nuo, has raised $21 million up to now, after the $18 million Series A fundraising and the corporate’s seed spherical in 2019. At the time in 2019, the buyers that backed Juno included Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan, and Ryan Selkis.
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