Gnosis and HQ Snag $14.95M Deal as Perpl Rakes in $9.25M—VCs Still Betting on Crypto’s Casino
Blockchain heavyweights Gnosis and HQ just locked down a $14.95 million acquisition—because nothing says ’bull market’ like spending eight figures on digital infrastructure. Meanwhile, Perpl pockets $9.25 million in fresh funding, proving VCs still haven’t learned their lesson from the last cycle.
Who needs due diligence when you’ve got FOMO? The money keeps flowing, the valuations keep climbing, and the suits keep pretending they understand decentralized governance. At least the engineers are getting paid.
HQ.xyz
- German Web3 infrastructure firm Gnosis has acquired Singapore-based on-chain business account platform HQ.xyz in a strategic deal worth up to $14.95 million.
- The transaction includes an initial investment of up to $8.95 million from the GnosisDAO treasury, which was approved by the community in January.
- Gnosis has also committed $6 million in working capital to support HQ.xyz’s expansion. For our feature on Friederike Ernst, co-founder of Gnosis, click here.
Perpl
- The startup secured $8.25 million in an unknown round
- Lead investors include Dragonfly, Erzonia, and Brevan Howard
Excited to announce our $9.25M funding round led by @dragonfly_xyz, @ErgoniaTrading, and other leading investors.
Perpl is handcrafted with knowledge from decades of market-making expertise and advanced EVM engineering. pic.twitter.com/2dNmDnJJWt
KYD Labs
- KYD Labs raised $7.1 million in a Seed round
- The funding was backed by CSX, Finality Capital Partners, and Ambush
Excited to announce we’ve raised $7M led by @a16zcrypto CSX to build a factoring protocol for venues and deliver loyalty rewards to fans
We’re the first web3 company to onboard legendary venues like LPR and H0l0, driving $4M+ in ticket sales in the past year alone pic.twitter.com/FBFHWcm0Hd
Turtle Club
- The company gathered $6.2 million in a Seed round
- Investors include Delphi Digital, SIG, and Consensys
XP (Captain Labs)
- The ticketing platform raised $6.2 million in a Seed round
- XP’s funding was backed by BlockChange, Neon, and Reflexive
We’re thrilled to share XP has raised $6.2M to build the future of ticketing–with fans at the center–led by @blockchangevc with @L1D_xyz, @reflexivexyz, and others.
More below on how this accelerates our mission to build the most fulfilling live experiences for fans 👇 pic.twitter.com/38AohaLheF
