Odaily News Hybrid payment platform Rise Labs announced the completion of a $6.3 million Series A financing, bringing its total financing to $10 million. The investment was led by Draper Associates, co-led by Polymorphic Capital, and participated by DCG, JAM Fund, Ryze Labs, and Paradigm Shift Capital. According to reports, Rise Labs mainly develops hybrid payment infrastructure that integrates fiat currencies, stablecoins, and cryptocurrencies. Currently, Rise has more than 150 customers and more than 100,000 contractors. Its customer base includes traditional enterprises, Web3 enterprises, as well as DAOs, protocols, and platforms. Rise's comprehensive platform supports companies to recruit, hire, and pay global contractors and employees in local currencies and stablecoins, while ensuring compliance with international tax regulations and employment laws.

Odaily News Web3 infrastructure building tool Spheron has begun the second phase of its roadmap. The main goal is to solve the user experience, security and reliability issues of the Web3 infrastructure layer. Spheron revealed that it had completed US$7 million in financing in August 2022, with participation from Alphawave Ventures, NexusVP, Zee Prime Capital, Protocol Labs, ConsenSys Mesh, Paradigm Shift Capital, Matrix Partners India, Tykhe Ventures, Sandeep Nailwal, Aniket Jindal Julian Traversa, etc. . (CoinDesk)