Infrastructure Deals Take the Spotlight in Funding
- Infrastructure companies building derivatives, lending, analytics, institutional services, telecommunications, and digital payments raised an aggregate $1.63 billion this week. New Venture Capital funds raised $150 million this week with a Web 3.0 and blockchain gaming focus. A metaverse dedicated hackathon will give away $50 million in prizes and seed funding and an ecosystem fund of $15 million will be deployed by the Umbrella Network.
- Active investors this week include Alameda Research, CoinFund, DCG, a16z, and Jump Capital
- Deal of the Week: NYDIG raised $1 billion at a $7 billion valuation as it continues to add support for asset tokenization, Bitcoin, smart contracts, and payments on the Lighting Network.
Venture Capital Deals
Africa Blockchain Lab is a blockchain technology business and creator of African crypto application VIBRA. The company has raised $6 million in a Series Pre-A investment to help support the launch of its VIBRA wallet. Investors include Dragonfly Capital, Hashkey Capital, Fenbushi, Cadenza Capital, Lateral Frontiers, CRE Venture Capital, among others. Africa has received plenty of investments from top global venture funds in 2021, projects like Ejara and Yellow Card are among some of the latest blockchain projects to raise capital to d...Reports you may have missed
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