ChainCatcher news, blockchain solar company Glow has completed a $30 million financing round, led by Framework and Union Square Ventures. This round includes $6.5 million in funding for the company and $23.5 million in solar investments.Glow's CEO and co-founder Vorick stated that he plans to use this funding to expand the company from 5 megawatts of power to 600 megawatts over the next 18 months and to expand into new countries.Glow operates a DePIN network composed of solar power plants in the United States and India. To encourage its farms to move beyond the "dirty" energy grid, the founders designed a holistic economy based on subsidies and token incentive models.

ChainCatcher news, stablecoin payment platform Sling Money announced the completion of a $15 million Series A funding round, led by Union Square Ventures, with participation from Ribbit Capital and Slow Ventures. This round of funding will help Sling Money advance its mission of global payments. Transfers on Sling Money use Pax Dollar (USDP), a dollar-backed stablecoin issued by Paxos Trust Company. USDP and its reserves are strictly regulated by the New York State Department of Financial Services.Sling Money leverages stablecoin technology and a user-friendly interface to enable users to make instant transfers between over 50 countries, with almost zero fees. The company previously raised $5 million in a seed round led by Ribbit Capital.

Chain Catcher news, the Web3 restaurant loyalty application Blackbird has completed a $11 million seed round financing, led by Union Square Ventures, Shine Capital, and Multicoin Capital, with participation from Variant, Circle Ventures, and IAC. Blackbird's minimum viable product is expected to launch in the first half of 2023.According to reports, Blackbird is a web3 platform specifically designed for the restaurant industry, focusing on establishing direct connections between restaurants and guests through loyalty and membership services. Additionally, the company's founder is Leventhal, who previously co-founded two restaurant industry startups: Eater and Resy. Eater was acquired by Vox in 2013, and Resy was acquired by American Express in 2019. (source link)