TLDR:
- Crypto exchange Backpack, founded by ex-FTX and Alameda employees, raised $17 million in Series A funding.
- Placeholder VC led the round, with participation from Hashed, Robot Ventures, Amber Group, Wintermute, and Selini.
Crypto exchange Backpack, founded by former FTX and Alameda Research employees, raised $17 million in Series A funding. The funding round was led by Placeholder VC and also included investments from Hashed, Robot Ventures, Amber Group, Wintermute, and Selini. The company’s total valuation now stands at $120 million.
Full Article:
Crypto exchange Backpack, founded by former employees of FTX and Alameda Research, secured $17 million in Series A funding. The funding was led by Placeholder VC, with several other prominent firms participating in the round. Backpack operates a crypto exchange, digital wallet platform, and NFT collection known as Mad Lads.
The co-founders of Backpack include individuals with experience in major cryptocurrency firms. The exchange received a VASP license in Dubai, where it is based. Mad Lads, the NFT collection, has a floor price of 185 SOL, approximately $20,700.
This funding round marks a significant milestone for Backpack as it continues to expand its services and offerings in the crypto space. The company’s focus on web3 technologies and digital assets positions it well for growth and success in the future.
