ChainCatcher news, Bitcoin trading app Relai has completed a $12 million Series A funding round, led by Ego Death Capital, with participation from Plan B Bitcoin Fund, Timechain, and Solit Group. Relai plans to use the new funds to further expand into Europe and obtain licensing under the new Markets in Crypto-Assets (MiCA) regulation.Relai co-founder and CEO Julian Liniger stated, "Despite the challenging market conditions, our funding round was still oversubscribed. This new capital will significantly accelerate our growth and support our mission to educate and bring millions of Europeans into Bitcoin."According to RootData, Relai is an app that exclusively offers Bitcoin, accompanied by a non-custodial Bitcoin wallet, dedicated to making Bitcoin savings and investments accessible to everyone, allowing anyone to buy and sell Bitcoin in minutes without registration, verification, or deposits.

ChainCatcher news, according to Bitcoin Magazine, Ego Death Capital announced the launch of a new funding round "Fund II," aiming to raise $100 million to promote the growth of the Bitcoin ecosystem. Ego Death Capital was founded in 2021, led by Jeff Booth, Andi Pitt, and Nico Lechuga, with advisory support from Preston Pysh, Lyn Alden, and Pablo Fernandez.Previously, Fund I raised a total of $25.2 million.

ChainCatcher news, financial and data technology developer Fedi has completed a $17 million Series A funding round, led by Ego Death Capital, with participation from Block's Bitcoin subsidiary TBD, Kingsway, Trammell Venture Partners, and Timechain. Fedi will pre-release an Alpha version for developers later this month.According to RootData data, Fedi completed a $4.2 million seed funding round in July last year, during which Fedi was developing the Fedi wallet mobile application based on the Bitcoin custody protocol Fedimint. The primary goal is to overcome the three biggest barriers to Bitcoin adoption today: lack of secure custody, privacy, and scalability, all of which are addressed by the open-source Fedimint Bitcoin custody protocol. (Source link)

ChainCatcher news, according to Tech EU, Bitcoin investment app Relai has announced the completion of a $4.5 million funding round, led by ego death capital, with participation from Timechain, Cabrit Capital, Lightning Ventures, Redalpine, and Fulgur Ventures. Since its initial seed funding round in 2020, Relai has raised a total of $11.8 million to date.It is reported that the Relai platform allows retail investors to buy and sell Bitcoin without the need for additional registration or verification, and there are no deposit limits. The platform also enables investors to have complete control over their funds through non-custodial Bitcoin wallets. Relai plans to use the new funds to upgrade to the Bitcoin Lightning Network and launch white-label products. (source link)

ChainCatcher news, according to Bitcoin Magazine, the Lightning Network solution provider Breez announced the completion of a new funding round of $4.5 million, led by ego death capital and Entrée Capital, with participation from Hivemind Ventures, Fulgur Ventures, Hawk Digital Innovation, and Bitcoiner Ventures.It is reported that Breez's Lightning Network client provides services such as Lightning Network point-of-sale software and a local podcast player, and develops Lightning Network-based applications and use cases through its non-custodial Lightning SDK. Breez has previously received investment from Seetee, a subsidiary of the Norwegian investment group Aker focused on Bitcoin. (source link)

ChainCatcher news, according to Benzinga, technology company Synota, which provides instant settlement services for the energy industry using Bitcoin, announced the completion of a $3 million seed round financing, led by Ego Death Capital, with participation from Trammell Venture Partners, Rev1 Ventures, Hivemind VC, Bitcoiner Ventures, Recursive Capital, and a number of strategic partners.Synota was founded in 2022 by Austin Mitchell and Lisa Scott, integrating the Bitcoin Lightning Network to offer highly flexible settlement services for energy, including dynamic pricing and synchronous multi-party settlement. It is reported that the company will launch a pay-as-you-go service for Bitcoin miners, hosting providers, and energy suppliers in early 2023. (Source link)

ChainCatcher News: Bitcoin technology startup Synota has completed a $3 million seed round financing, led by Ego Death Capital, with participation from Trammell Venture Partners, Rev1 Ventures, Hivemind VC, Bitcoiner Ventures, and Recursive Capital.It is reported that Synota is a startup aiming to bring energy payments to the Bitcoin Lightning Network, intending to integrate existing hardware and software products currently used in the energy sector with Bitcoin's Lightning Network. Synota's current focus is on industrial users and energy companies, with plans to expand to cover more types of energy transactions in the future. Pay-as-you-go transactions for Bitcoin miners are expected to launch in early 2023. (Source link)

ChainCatcher news, according to CoinDesk, the venture capital firm Ego Death Capital, dedicated to the Bitcoin ecosystem, is raising $30 million for its first fund. The funding comes from its three main partners, high-net-worth individuals, family offices, and institutional investors, with plans to invest in 12 to 15 companies, averaging between $1 million and $1.5 million per investment, and half of the fund's capital will be allocated for follow-on investments in the original portfolio companies. (CoinDesk)