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brillianceventures.com

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Investments

5

Funds

1

About Brilliance Ventures

Brilliance Ventures is an investment fund that specializes in the venture capital investments and is primarily based in Tel Aviv, Israel.

Brilliance Ventures Headquarter Location

Atrium Tower 24F Jabotinsky 2

Ramat Gan,

Israel

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Latest Brilliance Ventures News

Unbound Finance Raises $5.8M to Improve DeFi Liquidity Provider Token Efficiency

Jun 11, 2021

The latest decentralized finance ( DeFi ) protocol to gain big venture capital backing is Unbound Finance with its aim to improve yields from liquidity provider tokens. In an announcement on June 10, the DeFi protocol stated that it has secured a funding round led by Pantera Capital and Michael Arrington’s XRP Capital. Unbound has raised $5.8 million from a long list of venture capital firms including CMS Holdings, Hashed, LedgerPrime, LD Capital, TRGC, ArkStream Capital, ZeePrime Capital, Future Perfect Ventures, Brilliance Ventures, Woodstock, Coin98 Ventures, and GenBlock Digital. The firm aims to offer the first ever decentralized cross-chain stablecoin and develop cross-chain bridges for the transaction of synthetic assets according to the announcement . CEO and Founder of Unbound Finance, Tarun Jaswani, elaborated: “AMMs are DeFi’s Zero to One Innovation and we are building an aggregator layer to enable greater yields & capital efficiency for our users,” Improving LP Yields Unbound Finance is a essentially a decentralized liquidity protocol that aims to tackle the issue of liquidity provider token liquidity efficiency. It enables users to compound their earnings from LP tokens by using them as collateral to mint synthetic assets. Pantera Capital CEO, Dan Morehead, said that Unbound has a great potential to play a lead role in the DeFi space by focusing on liquidity pool tokens. Polygon co-founder Sandeep Nailwal stated: “Unbound’s dedicated development team has created something that makes all AMMs efficient and will make interesting money legos in the space further.” Unbound will also support a range of synthetic assets, such as uETH, and its own stablecoin, UND. Liquidity pools will be sourced from various AMMs offering better yields, and the platform will offer tools to enable users to compound these yields using independent price feeds and data oracles. The protocol first went live on Ethereum and also supports AMMs like Uniswap, Balancer, MooniSwap, and Sushiswap. It intends to expand strategic partnerships with EVM-compatible blockchains to include Binance Smart Chain, Polygon, and Harmony which will add support for PancakeSwap, and DFYN among others. It has already integrated Uniswap v3 and is in the process of launching aggregator contracts for concentrated liquidity provision Unbound’s “DeFi Treasury For Liquidity Pool Tokens,” first went live on testnet in December 2020 and launched its final phase testnet in April 2021. DeFi TVL outlook At the time of writing, DeFi total value locked was hovering around $75 billion according to DappRadar . It hasn’t managed to recover to its three-figure peak in mid-May but has remained relatively stable for the past three weeks despite the market correction. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Martin has been covering the latest developments on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017. Follow Author The latest decentralized finance ( DeFi ) protocol to gain big venture capital backing is Unbound Finance with its aim to improve yields from liquidity provider tokens. In an announcement on June 10, the DeFi protocol stated that it has secured a funding round led by Pantera Capital and Michael Arrington’s XRP Capital. Unbound has raised $5.8 million from a long list of venture capital firms including CMS Holdings, Hashed, LedgerPrime, LD Capital, TRGC, ArkStream Capital, ZeePrime Capital, Future Perfect Ventures, Brilliance Ventures, Woodstock, Coin98 Ventures, and GenBlock Digital. The firm aims to offer the first ever decentralized cross-chain stablecoin and develop cross-chain bridges for the transaction of synthetic assets according to the announcement . CEO and Founder of Unbound Finance, Tarun Jaswani, elaborated: “AMMs are DeFi’s Zero to One Innovation and we are building an aggregator layer to enable greater yields & capital efficiency for our users,” Improving LP Yields Unbound Finance is a essentially a decentralized liquidity protocol that aims to tackle the issue of liquidity provider token liquidity efficiency. It enables users to compound their earnings from LP tokens by using them as collateral to mint synthetic assets. Pantera Capital CEO, Dan Morehead, said that Unbound has a great potential to play a lead role in the DeFi space by focusing on liquidity pool tokens. Polygon co-founder Sandeep Nailwal stated: “Unbound’s dedicated development team has created something that makes all AMMs efficient and will make interesting money legos in the space further.” Unbound will also support a range of synthetic assets, such as uETH, and its own stablecoin, UND. Liquidity pools will be sourced from various AMMs offering better yields, and the platform will offer tools to enable users to compound these yields using independent price feeds and data oracles. The protocol first went live on Ethereum and also supports AMMs like Uniswap, Balancer, MooniSwap, and Sushiswap. It intends to expand strategic partnerships with EVM-compatible blockchains to include Binance Smart Chain, Polygon, and Harmony which will add support for PancakeSwap, and DFYN among others. It has already integrated Uniswap v3 and is in the process of launching aggregator contracts for concentrated liquidity provision Unbound’s “DeFi Treasury For Liquidity Pool Tokens,” first went live on testnet in December 2020 and launched its final phase testnet in April 2021. DeFi TVL outlook At the time of writing, DeFi total value locked was hovering around $75 billion according to DappRadar . It hasn’t managed to recover to its three-figure peak in mid-May but has remained relatively stable for the past three weeks despite the market correction. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Martin has been covering the latest developments on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017. Follow Author The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months. With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “ Crypto Valley ” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and cryptocurrencies at an early stage. The regulator, which provides the necessary legal certainty for an industry, has been active since 2015. Internationally, this is very early for the Blockchain space. Last but not least, the space has enjoyed new company settlements, and steady development. The ecosystem has advanced into various industries and the Crypto Valley has also grown geographically far beyond the canton of Zug. So it’s high time to take a closer look at what’s going on. Marketplace for different digital assets The emergence of digital assets doesn’t just include cryptocurrencies. Another area that is gradually gaining momentum is tokenization . In a nutshell, it describes the representation of an asset on the blockchain. It may be a small step forward for trading traditional financial products, but for illiquid assets such as real estate, art, or commodities, tokenization can open up new worlds. However, trading venues for tokenized assets are largely lacking. Taurus Digital Exchange (TDX) is a Swiss company that aims to remedy this situation. The new marketplace aims to serve the growing demand from banks and issuers for an open infrastructure for tokenized securities and digital assets. The company has already secured the necessary approval from the Swiss Financial Market Supervisory Authority (FINMA). Several banks and established financial institutions have also been announced as partners of the platform. Insurance company accepts bitcoin In mid-April, AXA became the first all-lines insurance company in Switzerland to announce that it would accept Bitcoin (BTC) for customer payments. The company had already been seeing strong demand for alternative payment methods such as cryptocurrencies for some time. With the increasing digitalization as a result of the Corona crisis, this trend has accelerated. With this decision, the world’s largest insurance company wanted to suit the needs of their customers in the Crypto Valley. AXA has also supported other blockchain projects in the past. For example, they are a member and on the board of the association Cardossier, which is developing a blockchain platform to digitally represent the lifecycle of a vehicle. Together with importers, road traffic authorities and other members, the aim is to increase transparency and efficiency in the market. Further, they are participating as a sponsor in the Blockchain Challenge of the University of Basel. Award for Crypto Valley Startup Globally, wealth management firms have made tremendous strides in all areas of digital customer service over the past 18 months. The leading firms have not only managed to stay connected with their clients in times of social distancing. They have also been able to transform their business models, expand service offerings and reach new customer segments. The Aite Group awards program recognizes innovation by companies that use new technologies to outperform the status quo. FINMA-licensed SEBA Bank was named “ Digital Startup of the Year ” at the Digital Innovation in Wealth Management Forum for its seamless, secure and easy-to-use bridge between digital and traditional assets. Successful funding round of venture capitalist The first crypto companies in Crypto Valley were founded in 2013. For the time being, many startups have had to do without financial support. Finally, three years later, the first blockchain-focused venture capitalist was founded – Crypto Valley Venture Capital ( CV VC ). Early on, the company began to establish a local ecosystem for startups, and today it is an integral part of the Swiss crypto industry. Just over a month ago, the venture capitalist completed a 13 million Swiss franc funding round. With the new capital, CV VC aims to further expand its startup portfolio. So far, the company has invested in 27 blockchain startups from Switzerland, Europe, the Americas, and Africa. Through the completed financing round, the next growth phase is to be initiated, planned among other things are divisions in Asia and Africa. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article The CVJ editorial staff consists of a team of blockchain experts from the Crypto Valley and informs daily and independently about developments in the crypto space. Follow Author The Crypto Valley is known to be one of the most “crypto-friendly” regions in the world. But what specifically is happening within the Blockchain ecosystem? The “Crypto Valley Roundup” aims to provide insight and highlights from selected events every two months. With the first Blockchain companies settling in the area of Zug from 2013 onwards, the term “ Crypto Valley ” was soon born in reference to the “Silicon Valley”. Thanks to politics and regulation, Switzerland was able to create the necessary legal certainty for a flourishing ecosystem around Blockchain and cryptocurrencies at an early stage. The regulator, which provides the necessary legal certainty for an industry, has been active since 2015. Internationally, this is very early for the Blockchain space. Last but not least, the space has enjoyed new company settlements, and steady development. The ecosystem has advanced into various industries and the Crypto Valley has also grown geographically far beyond the canton of Zug. So it’s high time to take a closer look at what’s going on. Marketplace for different digital assets The emergence of digital assets doesn’t just include cryptocurrencies. Another area that is gradually gaining momentum is tokenization . In a nutshell, it describes the representation of an asset on the blockchain. It may be a small step forward for trading traditional financial products, but for illiquid assets such as real estate, art, or commodities, tokenization can open up new worlds. However, trading venues for tokenized assets are largely lacking. Taurus Digital Exchange (TDX) is a Swiss company that aims to remedy this situation. The new marketplace aims to serve the growing demand from banks and issuers for an open infrastructure for tokenized securities and digital assets. The company has already secured the necessary approval from the Swiss Financial Market Supervisory Authority (FINMA). Several banks and established financial institutions have also been announced as partners of the platform. Insurance company accepts bitcoin In mid-April, AXA became the first all-lines insurance company in Switzerland to announce that it would accept Bitcoin (BTC) for customer payments. The company had already been seeing strong demand for alternative payment methods such as cryptocurrencies for some time. With the increasing digitalization as a result of the Corona crisis, this trend has accelerated. With this decision, the world’s largest insurance company wanted to suit the needs of their customers in the Crypto Valley. AXA has also supported other blockchain projects in the past. For example, they are a member and on the board of the association Cardossier, which is developing a blockchain platform to digitally represent the lifecycle of a vehicle. Together with importers, road traffic authorities and other members, the aim is to increase transparency and efficiency in the market. Further, they are participating as a sponsor in the Blockchain Challenge of the University of Basel. Award for Crypto Valley Startup Globally, wealth management firms have made tremendous strides in all areas of digital customer service over the past 18 months. The leading firms have not only managed to stay connected with their clients in times of social distancing. They have also been able to transform their business models, expand service offerings and reach new customer segments. The Aite Group awards program recognizes innovation by companies that use new technologies to outperform the status quo. FINMA-licensed SEBA Bank was named “ Digital Startup of the Year ” at the Digital Innovation in Wealth Management Forum for its seamless, secure and easy-to-use bridge between digital and traditional assets. Successful funding round of venture capitalist The first crypto companies in Crypto Valley were founded in 2013. For the time being, many startups have had to do without financial support. Finally, three years later, the first blockchain-focused venture capitalist was founded – Crypto Valley Venture Capital ( CV VC ). Early on, the company began to establish a local ecosystem for startups, and today it is an integral part of the Swiss crypto industry. Just over a month ago, the venture capitalist completed a 13 million Swiss franc funding round. With the new capital, CV VC aims to further expand its startup portfolio. So far, the company has invested in 27 blockchain startups from Switzerland, Europe, the Americas, and Africa. Through the completed financing round, the next growth phase is to be initiated, planned among other things are divisions in Asia and Africa. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article The CVJ editorial staff consists of a team of blockchain experts from the Crypto Valley and informs daily and independently about developments in the crypto space. Follow Author Indian officials are reportedly changing their tune and moving toward not banning Bitcoin with a new crypto regulatory bill during an upcoming Parliament session. According to a report by the New Indian Express on June 11, the Indian government’s negativity towards bitcoin (BTC) might be turning around. Instead of an outright ban, insiders report that India will move to regulate cryptocurrencies instead. Backpedaling on bitcoin The report states that the Indian authorities have scrapped their plans for a total ban and will instead move to classify cryptocurrencies as an alternative asset class. India’s Parliament will soon debate a comprehensive regulatory bill during the Monsoon Sessions that kick off at the end of July. The article states that an expert panel will be formed by the finance ministry to study protocols for regulations. Their findings will form part of the planned deliberations. India’s Securities and Exchange Board ( SEBI ) will oversee the regulations for cryptocurrencies if and when the classification shifts to asset class. Word is that India’s crypto industry experts are already working with the finance ministry to create new and fair regulations. The news comes on the heels of the Reserve Bank of India (RBI), instructing banks to not avoid transactions that use virtual tokens. The RBI has done so while also understanding there are many concerns still floating around the government on digital asset issues. The Supreme Court already overturned a March 2020 RBI ban that did not allow banks to service crypto exchanges. The Governor of the RBI, Shakthakanta Das was quoted in the report stating:  “We can definitely say that the new committee which is working on cryptocurrencies is very optimistic on cryptocurrency regulation and legislation… A new draft proposal will soon be in the Cabinet, which will look into the overall scenario and take the best step forward. We are very hopeful that the government will embrace cryptocurrencies and blockchain technologies.” El Salvador is paving the way for crypto as legal tender This change of heart from the Indian government comes just hours after El Salvador became the first nation in the world to adopt bitcoin as legal tender . On Wednesday, Congress approved President Nayib Bukele’s proposal to incorporate cryptocurrency in a whole new way. The law passed with a vote of 62 to 22 and will move forward as a law to adopt bitcoin into the fold. The use of bitcoin as tender will be purely optional for citizens but must be accepted by firms when offered as payment for goods and services. “If you go to a McDonald’s or whatever, they cannot say we’re not going to take your bitcoin, they have to take it by law because it’s a legal tender,” Bukele said. Tax contributions are included in those services. Burkele said that the government will guarantee convertibility to USD at the time of the transaction via a trust at the country’s BANDESAL bank. The use of bitcoin as tender will start 90 days from yesterday with the exchange rate set by the world market. The President added that neither the government nor Central Bank currently holds any bitcoin. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. Share Article Matthew De Saro is a journalist and media personality specializing in sports, gambling, and statistics. Before joining BeInCrypto, his work was featured on Fansided, Forbes, and OutKick. With a background in statistical analysis and a love of writing, he takes an outside-the-box approach to reporting news. Follow Author

Brilliance Ventures Investments

5 Investments

Brilliance Ventures has made 5 investments. Their latest investment was in Unmarshal as part of their Seed VC on March 3, 2021.

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Brilliance Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/19/2021

Seed VC

Unmarshal

$2.6M

Yes

1

1/4/2021

Seed VC

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$99M

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10

4/1/2020

Series B

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$99M

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10

Other Investors

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$99M

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10

Other Investors

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$99M

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10

Date

3/19/2021

1/4/2021

4/1/2020

Round

Seed VC

Seed VC

Series B

Other Investors

Other Investors

Company

Unmarshal

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Subscribe to see more

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Amount

$2.6M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Brilliance Ventures Fund History

1 Fund History

Brilliance Ventures has 1 fund, including Brilliance Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/10/2020

Brilliance Ventures I

$20M

1

Closing Date

5/10/2020

Fund

Brilliance Ventures I

Fund Type

Status

Amount

$20M

Sources

1

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