Infrastructure, DeFi and NFTs Score a Goal
Key Takeaways
- NFT platforms raised a combined $933 million, and infrastructure raised $155 million in new funding this week
- Deal of the Week: Sorare, a soccer-NFT platform closed a $680 million Series B funding round
- Active investors this week include Softbank, Coinbase Ventures, and Digital Currency Group
Venture Capital Deals
Blockdaemon, a New York-based startup that builds blockchain nodes and other tech, has raised $155 million at a valuation of $1.26 billion. The Series B funding was led by SoftBank's Vision Fund 2. New investors include Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital. Existing investors consist of Boldstart Ventures, Goldman Sachs, Greenspring Associates, CoinFund, Kenetic, Kraken Ventures, Borderless Capital, and Lerer Hippeau. (Blockdaemon Raises $155 Million in Series B Funding).
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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...
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