Basis, a startup developing a price-stable cryptocurrency that raised $133 million in April, says it is shutting down and returning remaining money. Executives of the Hoboken, NJ-based company cited regulatory issues as a primary reason for the closure.
Faire, operator of an online wholesale marketplace for retailers to purchase artisan goods, announced that it has raised $100 million in funding rounds led by Lightspeed and Y Combinator’s Continuity Fund. The financing reportedly sets a post-money valuation of $535 million for the two-year-old, San Francisco-based company.
Augmented reality game developer Niantic is reportedly raising a $200 million funding round at a whopping $3.9 billion valuation. Venture firm IVP is said to be leading the financing for San Francisco-based Niantic, best known for its popular “Pokémon Go” mobile app
Future Family, a startup which aims to make fertility care more affordable, secured a $100 million credit facility from Atalaya Capital Management to finance customers’ subscription packages. The company is one of several fertility-focused startups to recently raise funding.