PANews reported on October 18th that Fortune magazine, citing sources familiar with the matter, reported that Tempo, a payments-focused blockchain project developed by fintech giant Stripe and blockchain venture capital firm Paradigm, has raised $500 million in a Series A funding round led by venture capital giant Greenoaks and Joshua Kushner's Thrive Capital. This round values Tempo at $5 billion, making it one of the highest-valued blockchain venture capital rounds in recent years. Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in the round, according to two sources familiar with the matter. Paradigm and Stripe did not participate.PANews reported on October 18th that Fortune magazine, citing sources familiar with the matter, reported that Tempo, a payments-focused blockchain project developed by fintech giant Stripe and blockchain venture capital firm Paradigm, has raised $500 million in a Series A funding round led by venture capital giant Greenoaks and Joshua Kushner's Thrive Capital. This round values Tempo at $5 billion, making it one of the highest-valued blockchain venture capital rounds in recent years. Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in the round, according to two sources familiar with the matter. Paradigm and Stripe did not participate.
Stripe-backed blockchain project Tempo completes $500 million Series A funding round, valued at $5 billion
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PANews reported on October 18th that Fortune magazine, citing sources familiar with the matter, reported that Tempo, a payments-focused blockchain project developed by fintech giant Stripe and blockchain venture capital firm Paradigm, has raised $500 million in a Series A funding round led by venture capital giant Greenoaks and Joshua Kushner's Thrive Capital. This round values Tempo at $5 billion, making it one of the highest-valued blockchain venture capital rounds in recent years. Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in the round, according to two sources familiar with the matter. Paradigm and Stripe did not participate.
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