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Crypto Investing Shows Signs of Life With StarkWare, Babel Deals

  • Valuation jumped to $8 billion from $2 billion in November
  • Funding comes as Bloomerg crypto index is down 50% this year
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Blockchain startup StarkWare said its valuation quadrupled to $8 billion in a funding round, adding to tentative signs that venture capitalists are looking past a rout in cryptocurrency markets. 

The Israeli company, whose technology speeds up blockchain transactions, raised $100 million in the financing, which was led by Greenoaks Capital. Tiger Global and Coatue Management also invested in the round, according to a statement on Wednesday. StarkWare was valued at $2 billion as recently as November.