TipTop, the new cryptocurrency firm founded by Bastian Lehmann of Postmates, has been teased out a little bit recently, but now the secret startup is providing some information on its early investment, albeit there isn’t much information on what they’re actually doing with that money. Marc Andreessen has joined the startup’s board of directors, according to Lehmann, and the business has secured a $23 million Series A from a16z. Sam Altman, Naval Ravikant, Andy McLoughlin, Jeff Clavier, and Dan Romero are a few of the other supporters in the round.
The business is offering “consumer financial solutions for a changing web,” “developing protocols and infrastructure,” and doing something “at the convergence of fiat and crypto” on its website and job advertising, all with obscured visuals. Publicly, little is known, but after Postmates’ $2.65 billion sale to Uber in the middle of 2020, investors are keen to support Lehmann. After this past week’s meltdown, which was savage even by crypto standards, this round’s news comes at a difficult moment for the larger crypto markets.
Many venture businesses are in a difficult situation as a result of this setback, and many are probably doubting their commitment to the industry. If the crypto industry is actually on the verge of a “crypto winter,” this lack of volume, particularly from growing enterprises, might make scaling a business more challenging in the years to come. These problems will certainly be less severe for repeat entrepreneurs like Lehmann and ex-Meta CEO David Marcus, who also disclosed venture investment for his new cryptocurrency business yesterday.
TipTop, the new cryptocurrency firm founded by Bastian Lehmann of Postmates, has been teased out a little bit recently, but now the secret startup is providing some information on its early investment, albeit there isn’t much information on what they’re actually doing with that money. Lehmann mentions the company’s $23 million Series a financing.
Bastian Lehmann, the creator of Postmates, has a new cryptocurrency firm called TipTop, which was only barely hinted a few weeks ago. Now, the secret startup is providing some information on its early investment, however there isn’t much information on what they’re really doing with that money. Marc Andreessen himself joined the startup’s board after the business received a $23 million Series an investment from a16z, according to Lehmann. Among the additional backers in the round are Sam Altman, Naval Ravikant, Andy McLoughlin, Jeff Clavier, and Dan Romero.
