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Arjun Sethi’s derivatives protocol Nibiru raises maiden funding at $100M valuation

TechCrunch LogoTechCrunch1w ago

Arjun Sethi’s derivatives protocol Nibiru raises maiden funding at $100M valuation - TechCrunch

Quick Summary:

Nibiru, a new derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million seed funding at a valuation of $100 million, two sources familiar with the matter told TechCrunch.

Tribe Capital, Republic Crypto and Kraken invested in the seed round, a source said, requesting anonymity as the information is not public.

Sethi declined to comment Friday.


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Article Details

Author / Journalist: Manish Singh

Category: Technology

Topics: Funding Kraken Startups Tribe Capital Venture Crypto Crypto Arjun sethi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 13:15:32

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 237 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 493913

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Official Website: techcrunch.com

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News Last Updated: 8h ago

Coverage Areas: United States

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