Juno, a Singapore-based Web3 crypto company that provides customers with checking accounts linked to crypto assets, has raised $18 million in a Series A funding round led by Parafi Capital. In 2019, Juno raised $3 million from investors, and the startup secured new funding following a seed round.
Juno Raises $18M in Round Led by Parafi Capital, Crypto Startup Reveals Loyalty Token
Web3 Encrypted Boot Juneau is a digital currency company that provides customers with the ability to create checking accounts using crypto assets. On October 1, it was revealed that the company had raised $18 million in a Series A round led by Parafi Capital.
According to the announcement, Juno’s Series A investors also include 6th Man Ventures, Hashed, Sequoia India’s Surge, Greycroft, Jump Crypto and Uncorrelated Fund. Varun Deshpande, co-founder and CEO of Juno, Tell Tech Crunch reporter Manish Singh The company “has reached $1 billion in annual transaction volume processing capacity.”
The company also launched a new token called JCOIN and Juno airdrop Offer new ERC20 tokens to “70k+ Juno users”. Funds from the latest funding round will be used to expand the company’s team and the company’s loyalty program. JCOIN will be used for “exciting offers, collectibles and in-app promotions redeemable through JCOIN only on the Juno Store”.
The startup, originally founded by the founders of Nuo, the ethereum lending protocol, has raised $21 million so far, following an $18 million Series A round and the company’s seed round in 2019. Back in 2019, investors believed to be backing Juno including Dragonfly Capital, Polychain Capital, Sequoia Capital, Balaji Srinivasan and Ryan Selkis.
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