VC Fund Investments
Neo-banking crypto startup Juno raises $18-M led by ParaFi Capital
San Francisco- and Bangalore-based Neo-banking crypto startup Juno (previously onJuno) has raised USD 18 million as a part of its latest round of funding, led by crypto-native investment firm ParaFi Capital's Growth Fund. The round also saw participation from Antler Global, Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, 6th Man Ventures and Abstract Ventures. Founded in 2019 by Varun Deshpande, Ratnesh Ray and Siddharth Verma, Juno provides a checking account for crypto-native users. It allows users to accept deposits in their checking account and make payments through its debit card provided by the company in partnership with Evolve Bank and Mastercard. Juno will use the funds to beef up its US team across functions of compliance, regulation and marketing; launch and scale its loyalty programme as well as expand its product portfolio across bill payment and tokenised rewards. In April 2020, Juno had raised USD 3 million as a part of its seed round from Sequoia Capital India's accelerator programme, Surge. Polychain Capital, Consensys Ventures and Dragonfly Capital were the other investors.
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