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	<title>Streko</title>
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	<link>https://www.streko.com</link>
	<description>Business Venture News &#38; Blog</description>
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	Tue, 07 May 2024 15:22:47 +0000	</lastBuildDate>
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		<title>Volta secures $4.1M Seed Funding</title>
		<link>https://www.streko.com/volta-secures-4-1m-seed-funding/</link>
				<pubDate>Tue, 07 May 2024 15:22:46 +0000</pubDate>
		<dc:creator><![CDATA[streko]]></dc:creator>
				<category><![CDATA[Venture]]></category>
		<category><![CDATA[cryptocurrency]]></category>
		<category><![CDATA[Dispersion Capital]]></category>
		<category><![CDATA[Fika Ventures]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[Haven Ventures]]></category>
		<category><![CDATA[Soma Capital]]></category>
		<category><![CDATA[Uphonest Capital]]></category>

		<guid isPermaLink="false">https://www.streko.com/?p=39</guid>
				<description><![CDATA[Volta has secured $4.1 million in seed funding from Fika Ventures and Haven Ventures, alongside support from Soma Capital, Dispersion Capital, and Uphonest Capital. This platform sets a benchmark as the new standard for smart wallet infrastructure, providing the fastest, easiest, and most secure solution for self custody. In the realm of blockchain and cryptocurrencies,&#8230;]]></description>
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<p><strong><a href="https://www.voltacircuit.com">Volta</a></strong> has secured $4.1 million in seed funding from Fika Ventures and Haven Ventures, alongside support from Soma Capital, Dispersion Capital, and Uphonest Capital. This platform sets a benchmark as the new standard for smart wallet infrastructure, providing the fastest, easiest, and most secure solution for self custody.</p>



<p> In the realm of blockchain and cryptocurrencies, firms have historically been forced to compromise between scalability, security, and performance. However, advancements and innovations within blockchain technology now render these compromises unnecessary. Today, Volta Circuit is unveiling a comprehensive platform that offers a sophisticated smart contract multi-signature wallet solution. This solution incorporates governance, rules, and policy controls that are directly enforced on-chain.</p>



<p>This pioneering architecture enables users to expand their operations securely using a multi-signature wallet that supports authorized, single-signature transactions. Traders can execute and sign transactions in microseconds, eliminating traditional delays while ensuring complete control and ownership of their assets without the need for third-party key management.</p>



<p>Moreover, Volta Circuit embraces open signature standards, rendering the platform wallet-agnostic. This feature allows any wallet to integrate rules and permission controls, offering users the flexibility to tailor their wallet solutions according to their preferences.</p>



<p>“Volta Circuit is the new standard for a straightforward and safe way to work with digital assets,” said George Melika, co-founder and CEO of Volta. “We’re solving the key problems faced by investors by ensuring security, speed, and full ownership. Volta Circuit is the only solution that gives institutions direct control of a fast, secure, scalable, and customizable infrastructure to build and scale digital asset businesses and trading operations without the limitations or costs of a centralized platform.”</p>



<p>The decentralized finance market is expected to reach $446 billion by 2030, and the market capitalization for on-chain tokenization is expected to reach $16 trillion. Yet, institutional investors remain skeptical about how these assets will be secured, transferred, and managed. With Volta Circuit, institutional investors – such as trading firms, asset managers, treasury operations, venture capital firms, and banks – that trade and manage cryptocurrencies can access an infrastructure that provides greater speed and security than ever before.</p>



<p>“We strongly believe that Volta is an emerging leader in the next wave of decentralized finance as investors seek out a safer and more accessible option to manage their digital assets,” said Gabriella Brignardello of Fika Ventures. “Volta’s technology is unique in that it provides institutional investors with secure access without compromising the flexibility needed to meet their existing infrastructure needs.”</p>



<p>“The finance industry is undergoing a paradigm shift towards digitizing real-world assets and adopting distributed architectures, prompting traditional institutions to seek greater control over their assets,” said McLain Southworth, co-founder and managing partner of Haven Ventures. “Volta Circuit&#8217;s multi-signature smart contract wallet addresses this need and is poised to become the new standard for financial institutions. At some point ‘digital assets’ will just be called ‘assets,’ and Volta will be the standard by which those institutions protect them.”</p>



<p>Volta was co-founded by George Melika and Daniel Kim, combining over 40 years’ experience in software development in fintech and cryptocurrency platforms, and blockchain development. George previously co-founded sFOX, as CTO, and Daniel led the growth of Maple Finance.</p>



<p><strong>About Volta</strong></p>



<p>Volta is the creator of Volta Circuit, a multi-signature non-custodial platform designed to provide institutional investors secure and exclusive control over cryptocurrency assets and tokenized real-world assets. Volta Circuit provides institutional investors with the security and controls to future-proof managing digital asset operations – with a smart contract multi-signature wallet that bypasses traditional limitations and bottlenecks.</p>
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		<title>Mother Science gets $3.5M funding round</title>
		<link>https://www.streko.com/mother-science-gets-3-5m-funding-round/</link>
				<pubDate>Tue, 07 May 2024 15:17:18 +0000</pubDate>
		<dc:creator><![CDATA[streko]]></dc:creator>
				<category><![CDATA[Venture]]></category>
		<category><![CDATA[Greycroft]]></category>
		<category><![CDATA[Science]]></category>

		<guid isPermaLink="false">https://www.streko.com/?p=36</guid>
				<description><![CDATA[Mother Science has closed a US$3.5 million funding round, led by Greycroft. Under the terms of the deal, Greycroft Partner, Katherine Power will join the skin care brand’s Board of Directors. The funds will be invested in R&#38;D, further innovation, product launches and team growth. Power is best known as Founder of Merit Beauty, Versed&#8230;]]></description>
								<content:encoded><![CDATA[
<p><strong><a href="https://motherscience.com">Mother Science</a></strong> has closed a US$3.5 million funding round, led by Greycroft. Under the terms of the deal, Greycroft Partner, Katherine Power will join the skin care brand’s Board of Directors. The funds will be invested in R&amp;D, further innovation, product launches and team growth.</p>



<p>Power is best known as Founder of Merit Beauty, Versed Skincare and Avaline Wine. The new role will be her first stint on a board outside of the companies she has created.</p>



<p>Power revealed in a statement “I’ve been closely following Mother Science since the early stages, especially after experiencing the transformative power of malassezin in the Mother Science Molecular Hero Serum firsthand. Malassezin is a breakthrough ingredient in skin care, and I’m thrilled to join forces with Ann Marie and Michael to propel their vision forward, assembling a stellar team and driving exponential growth for the company.”</p>
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		<title>Xometry Gets $75M in Round</title>
		<link>https://www.streko.com/xometry-gets-75m-in-round/</link>
				<pubDate>Fri, 11 Sep 2020 13:49:06 +0000</pubDate>
		<dc:creator><![CDATA[streko]]></dc:creator>
				<category><![CDATA[Venture]]></category>
		<category><![CDATA[Almaz Capital]]></category>
		<category><![CDATA[ArrowMark Partners]]></category>
		<category><![CDATA[BMW i Ventures]]></category>
		<category><![CDATA[Dell Technologies Capital]]></category>
		<category><![CDATA[Durable Capital Partners LP]]></category>
		<category><![CDATA[Foundry Group]]></category>
		<category><![CDATA[Greenspring Associates]]></category>
		<category><![CDATA[manufacturing]]></category>
		<category><![CDATA[Robert Bosch Venture Capital]]></category>
		<category><![CDATA[T. Rowe Price Associates]]></category>

		<guid isPermaLink="false">http://streko.com/?p=31</guid>
				<description><![CDATA[Xometry, the largest on-demand manufacturing marketplace, today announced that it has completed an $75MM equity round, led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital,&#8230;]]></description>
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<div class="wp-block-image"><figure class="alignright"><img src="http://streko.com/wp-content/uploads/startup-software.png" alt="startup software" class="wp-image-32"/></figure></div>



<p>Xometry, the largest on-demand manufacturing marketplace, today announced that it has completed an $75MM equity round, led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital, Robert Bosch Venture Capital, Foundry Group, Highland Capital Partners, and Almaz Capital. Following a $55MM Series D in 2019, this new funding round brings Xometry to $193MM in total funding since its founding in 2013.</p>



<p> Xometry created a proprietary software platform to enable product designers and engineers to instantly access the capacity of a network of manufacturing facilities. Their platform makes it possible for customers to receive instant pricing, expected lead times and manufacturability feedback. At the push of a button, the network is able to deliver high quality parts at consistently fast lead times while offering very low prices. Customers can now also get quotes from shops directly through our new Digital RFQ Marketplace.</p>



<p>They make it easy for all customers — from startups to Fortune 100 companies — to access manufacturing on demand by providing the most efficient way to source high-quality custom parts. They’re dedicated to providing an innovative way for customers to easily work with a broad network of manufacturing facilities.</p>
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