kfund

ChainCatcher news, the Spanish multi-stage fund Kfund, which supports entrepreneurs in Southern Europe and Latin America, has raised over €70 million in commitments for their sixth fund.It is reported that K3 is the sixth fund of Kfund, which has evolved into a family fund since the journey began with the K1 fund in 2016, supporting the most ambitious entrepreneurs at various stages. Their investment strategy is to support projects from seed to Series A stages and is committed to supporting technologies such as artificial intelligence, data analytics, edge computing, 5G connectivity, blockchain, and cloud services.

ChainCatcher news, the Arbitrum DAO has approved a one-time "backfund" of 21.1 million ARB tokens (approximately 23.54 million USD) to support 26 projects that missed the first round of funding, which are projects that have received funding from the Short-Term Incentive Program (STIP) but failed to receive funding due to the initial budget of 50 million tokens for the program.The 26 projects receiving this grant include Gains Network (4.5 million ARB), Stargate Finance (2 million), Synapse (2 million), PancakeSwap (2 million), Wormhole (1.8 million), Magpie (1.25 million), RabbitHole (1 million), dForce (1 million), Vela (1 million), and others. According to the proposal, this grant will be distributed after a three-day waiting period.

ChainCatcher news, the Arbitrum community recently released a proposal aimed at extending the deadlines for the STIP (Short-Term Incentive Program) and BackFund program agreements.According to this proposal, agreements within STIP will have until March 1, 2024, to distribute ARB tokens to users, while agreements under the BackFund program will have until March 15, 2024, to continue liquidity support, with the distribution of ARB tokens completed by March 29, 2024.It is reported that the main motivation for this proposal is to account for the time discrepancies in the KYC (Know Your Customer) process and the delays compared to the original plan, ensuring that all agreements have sufficient time to distribute incentive tokens to users. In particular, agreements under the BackFund program may have only about 6 weeks left for token distribution before the original plan ends due to the need for KYC verification, so this extension will provide these agreements with nearly 16 full weeks to complete the incentive distribution.Additionally, this extension also includes adjustments to certain agreements under the original STIP plan, allowing all STIP agreements to have adequate time to distribute ARB tokens to users.