May 30, 2024
Smart Transactions, a promising startup, has successfully secured $5.5 million in its seed funding round. The investment was led by prominent venture capital firms, including Hack VC, Shima Capital, Signum Capital, Backed, Chorus One, Breed VC, Antalpha Ventures, and Tané. Notably, the common denominator among this diverse group of backers is their deep involvement in the crypto space.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Smart Transactions | $5.5M | May 30, 2024 | Seed | $5.5M |
| DeFI |
These angels and established funds share a crypto-native perspective, aligning with Smart Transactions’ mission to revolutionize transactional processes using blockchain technology.
With this substantial capital infusion, Smart Transactions is poised to accelerate its development and expand its footprint in the blockchain and cryptocurrency ecosystem. The strategic collaboration with crypto-savvy investors ensures that the company will receive not only financial support but also valuable insights and expertise. As the crypto industry continues to evolve, Smart Transactions aims to leverage its innovative approach to enhance transaction efficiency, security, and transparency.
About Smart Transactions
Smart Transactions are a type of blockchain transaction that gets executed depending on the timing of when a specialized entity, often called a solver, chooses to process it. This specific timeframe, known as MEV time, is when these solvers pick which transactions to execute. With Smart Transactions, users can set exact conditions that determine when or how their transaction should be carried out, offering more control over its timing and conditions.
Smart Transactions is built on a set of smart contracts designed to handle transactions with specific timing or conditional features. Participants can submit these transactions to a special queue, called a mempool, for later execution. Users can customize these transactions to include protections against frontrunning and back running or to execute only when certain conditions are met.
Website: https://www.stxn.io/
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About Investor
Investor: Hack VC
Description: Hack VC is a web3 venture capital firm that partners with hackers building the future of the Internet. Founded by veteran crypto investors Alex Pack and Ed Roman, Hack VC invests in crypto, blockchain infrastructure, and web3-native companies. Their portfolio includes over 100 crypto startups and more than 25 unicorns1. As a crypto-native venture capital firm, Hack VC plays a crucial role in supporting innovative projects within the rapidly evolving blockchain and cryptocurrency space.
Location: San Francisco
Website: https://www.hack.vc/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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