FTX reported a valuation of US$25 billion in this latest round. Ontario Teachers’ invested through its Teachers’ Innovation Platform, and the round also included participation from Temasek, Sequoia Capital, Tiger Global and Lightspeed Venture Partners. (The Logic)
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FTX reported a valuation of US$25 billion in this latest round. Ontario Teachers’ invested through its Teachers’ Innovation Platform, and the round also included participation from Temasek, Sequoia Capital, Tiger Global and Lightspeed Venture Partners. (The Logic)
Talking point: FTX raised US$420,690,000 from a total of 69 investors—giving it the (possibly unique?) distinction of reporting meme numbers for both its investor count and cash proceeds in a major fundraising round. Ontario Teachers’ investment comes just one week after the Caisse de dépôt et placement du Québec co-led a US$400 million round for crypto-lending startup Celsius Network. On Tuesday, Celsius disclosed that it had received a request for information from New York state authorities, on top of existing scrutiny from officials in New Jersey and Texas. The episode highlighted the risks for institutions backing crypto startups, especially entities like the Caisse and Ontario Teachers’, which invest money on behalf of the public.
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