Crypto Company Funding Trends: A Weekly Analysis
The world of cryptocurrency is constantly evolving, with new projects and companies emerging all the time. This week has seen a significant amount of investment in the crypto space, with a total of $94,340,000 being raised across nine different companies. Let's break down the funding trends by category and analyze the backing these companies have received.
Category | USD |
|---|---|
DeFi | 50,500,000 |
DePIN | 3,000,000 |
Fintech | 4,100,000 |
Web3 | 2,940,000 |
ZK | 13,200,000 |
AI | 2,600,000 |
Music | 6,000,000 |
Total | 94,340,000 |
DeFi (Decentralized Finance)
Decentralized finance (DeFi) continues to be a major area of attraction for investors. Five companies in the DeFi space secured funding this week. Amphor, a DeFi project, raised $4 million in a seed funding round. Botanix Labs, another DeFi company, raked in $8.5 million in a seed funding round led by Polychain Capital. DLC.Link, a DeFi infrastructure company, secured $2 million in a seed funding round from CGV FoF. Arbelos Markets, a principal liquidity provider in crypto derivatives markets raised $28 million with a round led by Dragonfly Capital. The combined $50.5 million invested in these DeFi companies suggests that investors remain bullish on the potential of DeFi to revolutionize financial services.
DePIN (Decentralized Physical Infrastructure)
Two companies focused on DePIN, which refers to digital infrastructure being built to support the blockchain ecosystem, secured funding this week. Ambient, an environment monitoring DePIN company, secured $2 million in a seed funding round from Borderless Capital. MetaPhone, a DePIN infrastructure company, secured $1 million in a corporate round funding from JDI Global. The $3.0 million invested in these DePIN companies highlights the growing interest in supporting infrastructure solutions for blockchain.
Fintech
Two fintech crypto companies secured funding this week. CityPay.io, a Fintech company that uses blockchain for payments, secured $2.1 million (or EUR 2m) in a seed funding round from Tether. ZEAL, a UK-based fintech firm known for its comprehensive digital wallet and crypto trading platform, also secured $2 million in funding from Gnosis in a strategic partnership.
The investment in these companies indicates the integration of crypto into traditional services continues to be prevalent.
Gaming
Seeds Labs, a developer specializing in high-quality games and infrastructure for the Web3 space, announced successfully closing a $12 million seed funding round with Blizzard Fund.
Web3
CheckSig, a fintech firm specializing in crypto services, has successfully raised €2.7 million in its Series A funding round.
ZK
Lagrange Labs, a company working on zero-knowledge proofs (ZK) technology, raised $13.2 million in a seed funding round led by Founders Fund.
AI
Hemera, a AI-powered platform focused on Web3 data management, raised $2.6 million in a seed funding round led by LIF Capital and Nomad Capital.
Music
Star Nest, a music company that leverages blockchain technology, raised $6 million in a seed funding round led by Chuangqi.
Total Investment
As mentioned earlier, a total of $94,340,000 was invested across the crypto companies mentioned above. These investments highlight the continued bullish sentiment among investors towards the crypto space. While DeFi remains the most attractive sector for investors, there is also growing interest in other areas such as DePIN, music, payments, and ZK technology.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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