North Island Ventures
North Island Ventures is a crypto-focused investment firm with over $300 million in assets under management and stakes in more than 30 companies and protocols around the world. NIV's guiding principle is that crypto is the next great enabling technology, which, in the long run, will create an invisible, interoperable network of networks, enabling the smooth and secure exchange of value across national and institutional boundaries. NIV's announced investments include Axelar, BCB Group, Dapper Labs, Flow, ImmuneFi, Polymer Labs, and more.
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Venice AI Completes $65 Million Funding Round at $1 Billion Valuation
Venice AI founder Erik Voorhees announced on Wednesday that the company has completed its first external funding round, raising $65 million at a $1 billion valuation. The round was led by Dragonfly, with participation from North Island Ventures, Coinbase Ventures, Archetype, Liquid2 Ventures, and Morgan Creek. Launched in May 2024, Venice AI is a privacy-focused AI chatbot alternative platform designed to prevent storing user conversations on centralized company servers. Voorhees stated that Venice AI has surpassed 3 million users and has already achieved profitability in the first quarter. Voorhees said the new capital will be used to expand the Venice platform, which provides access to major open-source and proprietary AI models through a single interface and API. The annual issuance of Venice AI's native token, VVV, was reduced to 3 million tokens on Wednesday, used to reward token holders who support the network by staking VVV.
Coinbase
Creek
Venice
Venice AI completes $65 million Series A funding round, led by Dragonfly
Venice AI has announced the completion of a $65 million Series A funding round, led by Dragonfly, with participation from Coinbase Ventures, North Island Ventures, and others, at a valuation of $1 billion. The project primarily offers a platform that grants access to over 200 AI models while ensuring privacy.
Coinbase
GPU.Net
Node AI
Venice
Decentralized futures exchange MNX completes $6.4 million funding round, with participation from Village Global and others
MNX, a decentralized futures exchange focused on the AI economy, has completed a $6.4 million funding round with participation from Village Global, Cambrian, Relay Digital, North Island Ventures, and others. MNX aims to build AI-native derivatives infrastructure, covering futures on GPU rental prices and data center electricity costs, valuation markets for private labs such as OpenAI, Anthropic, and DeepSeek, AI benchmarks and financial forecasting markets, as well as perpetual contracts for AI-related global equities. The platform supports leverage, portfolio margin, and batch auction for fair execution. Settlements are conducted in a fully non-custodial manner on MegaETH, with the mainnet scheduled to launch this summer.
Cambrian
GPU.Net
MegaETH
Node AI
Relay
Relay
Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
Block
Borderless
Fig
Ripple
Squid
Squid
Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
Axelar
Borderless
Ripple
Squid
Squid