Gaming and Compliance Attract Investors
Key Takeaways
- Gaming projects raised $825 million in capital this week, compliance projects raised over $25 million in aggregate funds, decentralized protocols brough in $37.2 million this week.
- Deal of the Week: Forte.io has raised a $725 million Series B funding round. The Company had raised a $185 million round at a $1 billion valuation in May.
- Argo Blockchain, a cryptocurrency miner, will sell up to $57.5 million in bonds maturing in 2026.
- Active investors this week include Sequoia Capital, a16z, Jump Capital and Solana Ventures.
Venture Capital Deals
Solidus Labs is an automated, comprehensive and testable market surveillance and risk monitoring hub tailored for digital assets. The Company has raised $15 million in a Series B round led by Liberty City Ventures. Other investors that participated include GSR and Exor Seeds. Earlier this summer, the Company raised $20 million in a Series A funding round. The platform seeks to make digital asset compliance simpler and more effective (Risk monitoring firm Solidus Labs completes $15M strategic round).
Parallel Finance is a decentralized lending, staking and borrowing platform built on the Polkadot ecosystem. Sequoia Capital has invested in a $1+ million token fundraising at a $250 million protocol valua...Reports you may have missed
WEEKLY RECAP In the final week of Q2, crypto funding bounced back, rising 64% from $78 million to $128 million, while deal count rose modestly from 18 to 20. The funding total was dominated by Infrastructure, which comprised 88% of the total and also made up 55% of the total deal count. CeFi broke its streak of two weeks with no deal flow with a singular Series A round completed...
WEEKLY RECAP Private funding was suppressed as we enter the summer season, with total funding dropping 43% week-over-week to $66 million and deal count decreasing 52% to 15 deals. Infrastructure still took the top spot from a funding perspective, totaling $31 million across three deals, including Sonic, our Deal of the Week. DeFi tallied the most deals (6) and had the second most funding across categories ($24m). CeFi had its...
WEEKLY RECAP This week’s $113 million in funding was less than half of last week’s $242 million, although the deal count showed a more modest 17% drop to 30 deals. Infrastructure continues to be the most popular investment category. Infrastructure’s $66 million in funding was stapled by Nexus Labs and Nuffle Labs’ $25 million and $13 million respective investment rounds. After tallying a few deals in the previous two weeks,...
WEEKLY RECAP Weekly funding fell by almost 50% to $182 million, while the deal count fell by about a third to 23. The Infrastructure category led both funding and deal count, bolstered by Avail’s $47 million Series A round. CeFi saw $26 million in funding, including XREX’s $18.75 million strategic round with Tether. XREX will use the funding to help facilitate regulatory-compliant cross-border payments using USDT. Gaming had the second...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In f032a5-cf3b16-66c3ed-951a2a-db87b5
Already have an account? Sign In f032a5-cf3b16-66c3ed-951a2a-db87b5