.lemonapp_ar, a crypto exchange with operations in Argentina and Brazil, cut 38% of its workforce – roughly 100 employees – on Thursday, citing the challenging tech and venture capital context as reasons. andresengler reports
“We do not know when the venture capital market will recover, and even less so for a company in a hyper growth stage between a Series A and a Series C,” Cavazzoli said.$16.3 million in a Series A funding round led by British fund Kingsway Capital. The company has extended the round, adding $27.8 million and elevating the total to $44.1 million, Cavazzoli said Thursday.
Lemon had planned to deploy almost the entire amount on its expansion in Brazil. Given the current context, its move into the South American country will be “more strategic and niche,” Cavazzoli said. The exchange put plans to expand into Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022 on the back burner.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC Sued By Crypto-Focused Law Firm, Nouriel Roubini Tweets Sarcastic CommentLegal complaint has been filed against the SECgov by crypto-focused law firm Hodl Law PLLC. Nouriel CalvinAyre Ripple XRP
Weiterlesen »
Litecoin Outperforms 100% of Top Cryptos: Crypto Market Review, Nov. 23$LTC is showing the biggest price rally in almost two years, beating every cryptocurrency from the market's top 10
Weiterlesen »
CrossTower considers buying other crypto firms: BloombergCrypto exchange CrossTower is considering making acquisitions of firms besides crypto lending platform Voyager Digital.
Weiterlesen »
From toys to tech, we found 38 early Black Friday deals — all under $25.shoptoday rounded up 31 deals for under $25 from some of the biggest retailers!
Weiterlesen »
49ers Report Card: Grading Offense, Defense in 38-10 Thrashing of CardinalsThe 49ers turned in their most impressive showing of the season in a dominant win over the Cardinals in Mexico City. Here's a look at the team's report card:
Weiterlesen »