Dragonfly Partner Criticizes Nova Markets' Recent Funding Round

Dragonfly partner Tom Schmidt has criticized Nova Markets following their announcement of a new funding round. According to Foresight News, Schmidt labeled the Nova Markets team as 'frauds' and accused the participating investment institutions of failing to conduct basic due diligence. He further alleged that some of the listed investors were old companies that did not actually contribute new capital, describing this as a typical malicious tactic by the team. Previously, Nova Markets had announced the completion of a new funding round with participation from Wintermute, Robot Ventures, Big Brain Holdings, Cumberland, GSR, Greenfield Capital, hash3xyz, Bodhi Ventures, and Kairos Research.