FilSwan, a Canadian cross-chain infrastructure for web3, has landed $3m in an investment round.
The round was led by Binance Labs and SNZ Holdings with participation from Waterdrip Capital, Unicorn Hunter Ventures, Chain Capital, FBG Capital, Protocol Labs, LD Capital, Chainlink, Betterverse Dao and Cabin VC amongst others.
According to FinSME, ilSwan provides a cross-chain infrastructure for web3, whose services integrate data, computing, bandwidth, and payment into one suite for Web3 projects.
The company recently announced the first cross-chain product, multichain.storage, which launched on the Polygon mainnet. Integrated with Chainlink’s external adapter and price feed technology, the product enables the user to pay IPFS/Filecoin storage by Polygon stablecoin.
The newly raised capital will be used to support FilSwan’s product development and user acquisition.
FilSwan is also an alumnus of the Binance Labs incubator and Startup-with-Chainlink program.
Tabby, a BNPL services company based in the MENA region, has closed its Series C round on $58m, which brings its valuation to $660m.
This new valuation puts Tabby’s as one of the most valuable startups in MENA and the first GCC to receive funding from PayPal Ventures.
Commitments to the Series C came from Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures and Endeavor Catalyst.
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