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Pocket FM Secures Massive $103 Million Investment for International Growth Plans

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India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures with participation from Stepstone Group. Pocket FM offers audio series with several short episodes and aim to become the “Netflix for audio” globally. That means you can’t use the coins you bought on Pocket FM to unlock content Pocket Novel products and vice versa. Pocket FM also has a limited audiobook vertical where it competes with the likes of Audible with a similar pay-to-unlock strategy. Abu Dhabi’s sovereign wealth fund ADIA has held talks with Pocket FM for a potential mega funding round, TechCrunch reported last week.

Maximizing Bitcoin’s Trillion-Dollar Potential: Asymmetric Financial’s DeFi Fund Strategy

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Crypto fund Asymmetric Financial is creating its Bitcoin DeFi Venture Fund I to focus on investing in the blockchain’s nascent space with a target raise of $21 million. The fund will be spearheaded by general partner Dan Held, former director of growth at Kraken and long-time Bitcoiner. Many Bitcoin-focused VCs ignore DeFi because it’s speculative, and broader crypto VCs see it as a “dead boomer rock,” he added. Much of this activity has centered on the Ethereum blockchain, but Held believes Bitcoin’s blockchain has tons of future potential as an ecosystem. “It will be a Bitcoin DeFi renaissance.”“Bitcoin is worth more than every other crypto asset combined,” Held added.

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