SOL Applications Lead Funding Rounds
Key Takeaways
- Solana-based projects have received over $10 million, leading Layer 1 capital raises this week
- Our Deal of the Week is Eden Network’s $17.4 million seed round – which will fund the platform protecting traders from order frontrunning
- Most featured investors this week include Multicoin Capital, Alameda Research, CMS Holdings, Jump Capital and NGC Ventures
Venture Capital Deals
Pollen DAO is a fully decentralized portfolio management protocol, enabling the creation and distribution of DeFi portfolio and index tokens whilst generating yield for token holders.
Pollen has successfully raised $5 million as it aims to reinvent asset management for the on-chain economy. Just like Uniswap revamped liquidity for the on-chain environment by introducing market maker fees to contributing users, Pollen will do the same for portfolio management. Strategic backers include The Graph, AlphaBit and several other well-known investors. (Pollen DAO Raises $5 million to Build the Uniswap of Asset Management).
Reports you may have missed
WEEKLY RECAP Crypto funding saw a large jump week-over-week, increasing 83% from $231 million to $424 million, and total deal count rose by 21% from 28 to 34. The large funding total was helped by a $250 million token sale completed by Avalanche ahead of its Avalanche9000 upgrade. Infrastructure dominated amongst categories, totaling $354 million across 21 deals, making up 84% of funding and 62% of total deal count. The...
WEEKLY RECAP Crypto funding rose 60% week-over-week from $145 million to $232 million, while total deal count decreased 7% from 29 to 27. CeFi was the leading funding category, totaling $145 million across three deals and comprising 63% of all funding. The total was bolstered by Public’s $130 Series D round, representing only the second Series D round in 2024. Although CeFi has been a laggard category all year, three...
WEEKLY RECAP Despite liquid crypto prices rising, private market funding remains lackluster thus far in Q4. Aggregate funding fell 29% week-over-week, decreasing from $155 million to $109 million, while deal count fell by over 31% from 22 to 15. Infrastructure was the leading category from both a financing and deal count perspective and included our Deal of the Week, Noble. The largest deal was Monkey Tilt, which raised $30 million...
WEEKLY RECAP Total funding has rebounded from last week’s abnormally low amount, increasing 251% from $44 million to $154 million. Infrastructure was the leading category, raising $99 million across 13 deals. This week’s largest deal fell into the Infrastructure bucket; 0G Labs, a former Deal of The Week, raised $40 million in a Seed round, bringing its total funding to $75 million. From a deal stage perspective, funding was concentrated...
