Silicon Valley Funding News - Week of May 17, 2021. Polysign Raised $53M Series B

Big congrats to Jack McDonald, Arthur Britto (founder of Ripple) and the Polysign team for raising Series B led by Cowen!

I am excited that Race Capital got to participate in this round. Cowen holds over $12 billion in assets under management and they are one of the oldest investment banks in the US.  With this raise, Polysign will empower Cowen to launch their very own custody services for cryptocurrencies and other digital assets. This is a huge win for Polysign. =)  Read more on Bloomberg.

Jack and Arthur are one of those founders that never take no for an answer.  They are relentless in their efforts, execution driven, adaptable, determined, and have a clear vision of the future for digital assets. We love working with founders who share our level of dedication and passion.

What to learn more about what we look for in a founder?  Read more about how we invest.

P.S. On May 25, I am hosting a FoundersHK panel conversation on the topic of Market Expansion in Asia with operators from Flexport, Airbnb, and Airwallex.  Join us. 

This week a total of 28 startups raised $1.01B in funding, 5 exits: 

• $266.7M goes to 11 Enterprise startups
• $146.5M goes to 6 FinTech startups
• $37M goes to 1 Mobile startup
• $33M goes to 1 Education startup
• $200M goes to 1 Insurtech startup
• $80M goes to 1 AI startup
• $27.7M goes to 2 FoodTech startups
• $3.5M goes to 1 Media startup
• $70M goes to 1 Hardware startup
• $31M goes to 1 Energy Management startup
• $5.2M goes to 1 Healthcare startup
• $109M goes to 2 BioTech startups