Intangible labs Grabs $133 Million From Big Investors Backing Basecoin

[kreslik.news]

Intangible Labs, a New York startup that develops an adjustable-supply cryptocurrency ‎using an algorithmic central bank, raised a whopping $133 million in a Series B ‎funding round that included Silicon Valley venture capitalists and Wall Street fixtures.‎

Bain Capital Ventures led the latest funding round, per a Reuters ‎report‏.‏ Other ‎high profile investors included Google’s venture arm GV, venture capital firm ‎Andreessen Horowitz, and Lightspeed Foundation Capital.

According to an SEC filing, 225 accredited investors participated ‎in the round which was structured as a private placement.‎

The $133 million haul is a hefty sum for a company that just started a few months ... (read more)