Infrastructure Continues To Attract Venture Capital
Key Takeaways
- Over $1.8 billion was raised through venture capital this week, with $928 million going towards 6 infrastructure projects to help build ecosystem functionality. Two new venture funds raised $435 million for future investments into a variety of crypto verticals. Centralized Finance (CeFi) brought in $433 million, NFT projects received $12.2 million, and a DeFi project raised $6 million. The bigger move in the NFT capital markets world came by way of Pluto Digital acquiring NFT Investments.
- Active investors this week include Animoca Brands, Multicoin, SoftBank, and Three Arrows Capital.
- Deal of the Week: Fireblocks raised $550 million, bringing its valuation up to $8 billion as the company begins expanding into DeFi investments and create a full product offering for Web3.
Venture Capital Deals
FTX US is the American branch of FTX, one of the world’s largest crypto exchanges, that services US residents in compliance with US-specific regulations. In a Series A funding round, the company raised $400 million to reach a valuation of $8 billion. Participants included Paradigm, Temasek, Multicoin Capital, and SoftBank, among many others. FTX US is planning to use the funding to increase brand recognition and educate potential crypto investors in order t...Reports you may have missed
WEEKLY RECAP Weekly funding fell by 34% from $126 million to $83 million, while deal count rose approximately 22% from 18 to 22. Infrastructure was the leading category, totaling $51 million across nine deals and comprising 61% of total funding. CeFi logged its second consecutive week of two deals, including Caliza’s $8.5 million investment round supporting its mission to provide cross-border remittances leveraging stablecoins. Web3 and Gaming deal flow has...
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...
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