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Institutional On-Chain Finance Startup Fractal Announces $6M Seed Raise

Retrieved on:

Monday, April 17, 2023

GENEVA, April 17, 2023 /PRNewswire/ -- Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced today it has secured $6M in financing led by Hack VC. They are joined by a suite of strategic investors including 6th Man Ventures (6MV), Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, as well as angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang and Sid Powell. The funding will be used to continue launching institutional-grade products that facilitate capital efficiency, transparency, as well as a simplified user journey.

Key Points:

In the wake of ongoing developments in the CeFi space, institutional interest has intensified in finding fit-for-purpose solutions to facilitate on-chain finance.
"We gave Fractal a term sheet the week after the FTX collapse and their team was able to close the round in the 3 weeks following, emphasizing institutional investor confidence.
Fractal is well positioned to build the connective tissue and capital efficient solutions between assets on- and off-chain," said Alex Pack, Managing Partner at Hack VC.
With over 20 years of experience in financial markets, Itay supports the Fractal team as a strategic advisor.

Institutional On-Chain Finance Startup Fractal Announces $6M Seed Raise

Retrieved on:

Monday, April 17, 2023

GENEVA, April 17, 2023 /PRNewswire/ -- Fractal, an infrastructure provider enabling institutions to clear, settle, and margin digital asset trades on-chain, announced today it has secured $6M in financing led by Hack VC. They are joined by a suite of strategic investors including 6th Man Ventures (6MV), Archetype Ventures, Avalanche Ecosystem Fund Blizzard, Circle Ventures, CMT Digital, CoinShares, GoldenTree Asset Management, QCP Capital, Spartan Group, as well as angel investors Akshai Rajendran, Anand Gomes, Josh Frank, Shiliang Tang and Sid Powell. The funding will be used to continue launching institutional-grade products that facilitate capital efficiency, transparency, as well as a simplified user journey.

Key Points:

In the wake of ongoing developments in the CeFi space, institutional interest has intensified in finding fit-for-purpose solutions to facilitate on-chain finance.
"We gave Fractal a term sheet the week after the FTX collapse and their team was able to close the round in the 3 weeks following, emphasizing institutional investor confidence.
Fractal is well positioned to build the connective tissue and capital efficient solutions between assets on- and off-chain," said Alex Pack, Managing Partner at Hack VC.
With over 20 years of experience in financial markets, Itay supports the Fractal team as a strategic advisor.

HelloFresh Launches New Galactic Snacks, Drinks, and Meals Inspired by Marvel Studios’ “Guardians of the Galaxy Vol. 3”

Retrieved on:

Tuesday, April 11, 2023

HelloFresh , the world’s leading meal kit company, has teamed up with Marvel Studios’ Guardians of the Galaxy Vol.

Key Points:

HelloFresh , the world’s leading meal kit company, has teamed up with Marvel Studios’ Guardians of the Galaxy Vol.
3, in theaters May 5, to bring out-of-this-world flavors and recipes to kitchens across the galaxy.
With the launch of a new limited-edition Guardians Recipe Adventure series and Guardians Snack Adventure kit , HelloFresh customers and Guardians of the Galaxy fans can enjoy recipes inspired by the film.
All Guardians Snack Adventure kits are available to claim on a first-come, first-served basis while supplies last and without a HelloFresh subscription.