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 Total funding fell 49% week-over-week from $188 million to $95 million, and total deal count decreased modestly from 23 to 31. Infrastructure and DeFi were the two leaders in fundraising, accounting for approximately two-thirds of the total. The week's largest deal was a $15 million Series A round completed by Bluesky, a Web3 social network. Party Icons was the sole Gaming company that raised capital this week. They...
WEEKLY RECAP Weekly funding rose by 37% from $132 million to $180 million, while the total deal count decreased slightly from 23 deals to 21. Funding was relatively evenly dispersed across categories, with four out of five categories raising more than $30 million, except Web3, which saw $8 million in funding. DeFi was the leading category in total funding and deal count, raising $56 million across nine deals. Series A...
WEEKLY RECAP Q4 has represented the least funded quarter in each of the past two years, and two weeks into this year, the trend is on pace to remain intact. The first week of the fourth quarter was one of the least funded weeks all year, with just $11 million raised across eight deals. Although not overly impressive, funding rebounded this week to $120 million across 21 deals. Concentration in...
