Basis raises 133 million in private placement funds

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Basis raises 133 million in private placement funds

Post by howlermunkey » Thu Apr 19, 2018 7:56 am

The crypto firm Basis, formerly known as Basecoin, has raised $133 million in a private placement from big money, according to the company. The private placement received the backing of Bain Capital Ventures, GV, Stanley Druckenmiller, Kevin Warsh, Lightspeed, Foundation Capital, a16z, Wing VC, NFX Ventures, Valor Capital, Zhenfund, INBlockchain, Ceyuan, Sky9 Capital, and more. Designed to keep prices stable by algorithmically adjusting supply of their crypto, Basis prefers to reference themselves as “an algorithmic central bank.” I wonder how the Fed feels about being disrupted? ... placement/

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