Benqi Funding Round - Venture 2021-04-27

Financial Transaction:

Venture

Benqi

Lead investor

Investor		Country	Notes
	Ascensive Assets Private investment firm focusing solely on the digital asset industry.	South Korea	Initial investment.

Round participants

Investor		Country	Notes
	Arrington XRP Capital Fund LP USD 100 million cryptocurrency hedge fund denominated in XRP, the digital currency developed by enterprise blockchain global payments company Ripple.	United States	Initial investment.
	Ava Labs (Avalanche) Open-source platform for launching highly decentralised applications, new financial primitives, and new interoperable blockchains.		Initial investment.
	Dragonfly Capital Multi-stage venture capital firm focused on the software, fintech, cryptocurrency, and financial services sectors.	United States	Initial investment.
	Market Across (MarketAcross) Blockchain marketing agency.		Initial investment.
	Mechanism Capital Venture capital firm focused on the crypto ecosystem and decentralized finance sectors.	United States	Initial investment.
	Morningstar Ventures Private asset management firm focusing on early stage investments in blockchain technology, media and digital assets.	United Arab Emirates	Initial investment.
	Rarestone Capital Crypto-focused venture capital firm investing in early-stage private and public market ventures.		Initial investment.
	Spartan Capital Digital asset management firm.	Singapore	Initial investment.
	Woodstock Fund Emerging technology fund investing in early and growth stage distributed ledger technology (DLT) startups and companies.		Initial investment.