Crypto Startup Basis Raises $133mn from Top Investors

Cryptocurrency startup Basis, led by former Google employee Nader Al-Naji, raised $133mn from GV, Bain Capital Ventures, Lightspeed Venture Partners, Andreessen Horowitz and Sky9 Capital; Basis is building a digital currency that is more stable than Bitcoin which has seen wild price swings; the money will be used to develop several use cases for the technology but they declined to say much more. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.