Metaverse and Cybersecurity Lead the Way
Key Takeaways
- New Venture Capital funds raised an aggregate $1.9 billion this week with a metaverse and decentralized finance (DeFi) focus. Metaverse projects raised $213 million in capital, while cybersecurity firm Certik raised $80 million and Coinbase acquired cybersecurity firm Unbound for an undisclosed amount.
- Active investors this week include Alameda Research, Solana Ventures, Softbank and Coatue.
- Deal of the Week: 1inch Network raises $175 million in a strategic Series B funding round led by Amber group with participation from Jane Street VanEck, Alameda Research, Celsius, Nexo and other investors participating.
Venture Capital Deals
MetaVisa is a Layer 3 middleware protocol. The protocol is helping consumers establish and develop on-chain identity along with credit records to facilitate decentralized finance (DeFi), play-to-earn (P2E), non-fungible tokens (NFTs), and other decentralized applications (dApps) usage. Metavisa has raised $5 million in private and seed rounds from Spark Digital Capital, Sora Ventures, and Maven Capital, among other investors. Having on-chain credit history and identity will facilitate digital asset activities across sectors, and users will be rewarded based on their credit score. (MetaVisa announced $5 million of fundra...Reports you may have missed
WEEKLY RECAP Weekly funding fell from $152 million to $125 million across 23 deals compared to last week’s 31. The largest deal of the week was a $47 million strategic round completed by Securitize, notably led by BlackRock and making CeFi the leading fundraising category this week. As one of the largest asset managers in the world, the investment carries significant weight in legitimizing the tokenization sector. BlackRock used Securitize...
WEEKLY RECAP Crypto funding was relatively unchanged week-over-week, with a 4% decrease to $138 million, while deal count saw a larger decrease, falling 29% to 25 deals. Infrastructure deals comprised 73% of total funding and Web3 and Gaming combined for 26%, with remaining categories making up the last 1%. As highlighted in our Q1 Funding Report, Series A funding has been a standout deal stage this year, and this week...
WEEKLY RECAP Crypto funding rose 92% from $213 million to $410 million, one of the highest weekly totals in months. The majority of funding came from two deals: Monad’s $225 million round (DotW) and Auradine’s $80 million Series B round, the first mining deal of 2024. Auradine’s Teraflux family of Bitcoin ASIC miners has set new performance and energy efficiency benchmarks and has shown robust field performance, which has helped...
Articles Read 1/1
🎁 Unlock 1 extra article by joining our Community!
You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.
Already have an account? Sign In 0bce6e-ae9954-4ea534-76b4fe-33d211
Already have an account? Sign In 0bce6e-ae9954-4ea534-76b4fe-33d211