Venture Capital Is Bullish On All Fronts

Key Takeaways

• Venture capital firms took a shotgun approach to investing this week, raising just over $1 billion in total for investments across the crypto space, focusing heavily on NFTs, Infrastructure, and Centralized Finance (CeFi) projects. NFT projects raised $240 million, infrastructure saw $239 million, CeFi raked in $324 million, and DeFi and Metaverse raised $33 million and $45 million, respectively. Acquisition activity was also high, with OpenSea and BitMEX eyeing other companies’ capabilities to enhance their own platforms and product offerings.
• Active investors this week include Animoca Brands, Three Arrows Capital, and Tiger Capital
• Deal of the Week: Rain Financial raised $110 million to kickstart a global expansion roadmap beyond MENA, leveraging institutional relationships to bring new institutional capital into crypto.

Venture Capital Deals

Lukka is an accounting and data software company that services active crypto funds, having processed a total of $2.1 trillion in transactions at the time of reporting. The company reached unicorn status after raising $110 million in a Series E round that valued the company at $1.3 billion. The funding was led by Marshall Wace with Soros Fund Management, Liberty City Ventures, and S&P Global participating, amon...