Startup Zerohash Raises $104M Funding – Morgan Stanley, SoFi, Apollo
News Context
At a glance
- * Company: Zerohash, a crypto infrastructure startup.
Here’s a breakdown of the key facts from the provided text:
* Company: Zerohash, a crypto infrastructure startup.
* Funding: $104 million (Series D round)
* Valuation: $1 billion
* Lead investor: Interactive Brokers
* Other Investors:
* Morgan Stanley
* SoFi
* Apollo
* Strategic investors (who are also Zerohash clients)
* Founder/CEO: Edward Woodford
* Context: The company is benefiting from a more favorable regulatory surroundings for cryptocurrencies, particularly after a shift in government approach following Donald Trump taking office. The text contrasts this with a previously skeptical stance under former SEC Chairman Gary Gensler.