Cantor Partners with Tether, Bitfinex, Softbank for $3 bn Bitcoin Fund.
21 Capital, a new Bitcoin acquisition company, has secured $200 million in funding from Cantor Equity Partners. The company is partnering with SoftBank, Tether, and Bitfinex to raise a total of $3 billion for Bitcoin acquisitions. Tether will contribute $1.5 billion in Bitcoin, SoftBank $900 million, and Bitfinex $600 million. Additionally, the venture plans to raise $350 million through convertible bonds and $200 million via private equity.
The goal is to create a publicly listed firm to capitalize on the growing crypto market. Bitcoin investments from Tether, SoftBank, and Bitfinex will be converted into shares of 21 Capital, with Bitcoin valued at $85,000 per coin and shares priced at $10 each.
Symbiotic Raises $29mn for Staking-Based Universal Coordination Layer.
Cryptocurrency staking protocol Symbiotic closed a $29 million Series A funding round led by Web3-focused investment firms, including Pantera Capital and Coinbase Ventures, to support the launch of a new economic coordination layer for blockchain security.
The round included more than 100 angel investors, with participation by major industry players from Aave, Polygon and StarkWare, the company said in an April 23 announcement.
Theo Raises $20mn to Bring Wall Street-Grade Trading Tools to Crypto.
Theo, a crypto trading infrastructure startup, has raised $20 million in a funding round co-led by Hack VC and Anthos Capital, with participation from crypto-native firms and investors from traditional trading companies like Citadel, Jane Street, and JPMorgan. Theo is developing a platform that allows retail users to deposit digital assets into strategy-specific vaults, providing access to advanced trading strategies typically used by institutions, such as arbitrage, hedging, and cross-chain funding rate optimization.
The platform operates on a custom validator network, enabling trade execution across both centralized and decentralized exchanges while enforcing margin requirements and overcollateralization.
Ex-Meta Engineer Raises $14mn to Help Home Services Unlock Call Center Revenue With AI.
Boris Valkov, an AI engineer who helped build PyTorch at Meta, founded Lace AI in 2021 after realizing AI’s potential in the software application layer. Lace AI develops AI-driven customer service software for home service companies, such as HVAC, plumbing, and roofing businesses, aiming to improve sales conversion from customer calls. The software analyzes 100% of inbound calls to detect lost revenue opportunities, which is more comprehensive than similar offerings.
Lace currently works with over 100 businesses and operates on a SaaS model, charging a monthly fee per agent. In 2024, it saw 1,000% annual recurring revenue (ARR) growth. The company has raised $19 million in total funding, including a $14 million seed round led by Bek Ventures. Lace plans to triple its employee count with this new funding.
BitradeX Secures £12mn Series A Led by Bain Capital.
BitradeX, an AI-driven digital asset trading platform, raised £12 million ($15.96 million) in a Series A funding round led by Bain Capital on April 23, 2025. The funds will be used to expand global operations, enhance compliance frameworks, and advance AI technology. BitradeX is setting up global AI Strategy Laboratories in London, Hong Kong, and Singapore to develop custom AI products.
The platform has introduced an innovative AI Protection Pool, using Bitcoin as a reserve fund to mitigate trading losses, marking an industry-first development.
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