Parafi Capital led a Series A funding round for Juno, a Singapore-based Web3 cryptocurrency firm offering customers crypto assets linked checking accounts. Juno is headquartered in Singapore. The fresh capital follows the startup’s seed round in 2019 when Juno raised $3 million from investors.
Juno raises $18 million in a funding round led by Parafi Capital. Crypto Startup Reveals Loyalty Token
Juno, the Web3 crypto startup Juno provides digital currency companies with clients the option to set up checking accounts by using crypto assets. Parafi Capital led a $18 million Series A round of funding for the company on October 1.
According to the announcement, Juno’s Series A investors also included 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto, and Uncorrelated Fund. Varun Deshpande, the co-founder and chief executive officer of Juno, told Tech Crunch reporter Manish Singh the firm has “has reached $1 billion in annualized transaction volume processing.”
JCOIN is a new token, while Juno is a new one. airdropped the new ERC20 token to “70k+ Juno users.” The latest funding round’s capital will be used to expand the company’s team and the firm’s loyalty program. JCOIN will be used for “exciting offers, collectibles, and in-app boosts redeemable through JCOIN, only on the Juno Store.”
So far the startup, which was originally started by founders who created the Ethereum lending protocol Nuo, has raised $21 million to date, after the $18 million Series A fundraising and the company’s seed round in 2019. Juno at the time was supported by Sequoia Capital (Dragonfly Capital), Polychain Capital, Sequoia Capital and Balaji Srinivasan.
Juno raised $18 million in Series A funding from investors. What did you think? Comment below and let us know how you feel about the subject.
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