Another week and well north of $1B; actually over $2B this time, going to work in the Digital Asset and Blockchain industry. The powerhouse a16z, software is eating the world, is going to show the world how to fund digital asset projects. A whopping $2.2B and as you will see below, they are deploying it in several types of companies in the space. Right behind them is Softbank, pouring $200MM into a Latin American exchange, helping to open more onramps to Bitcoin and other Digital Assets. Dive in because there is a lot of money that will have a massive impact in the coming years.
Low Tier ($22MM)
Cardano-based data platform IAGON raised $3.4MM. RabbitHole raised $3.6MM to build a Crypto participation platform. Mercuryo secured $7.5MM in Series A funding round. Calaxy raised $7.5MM in funding to develop a fan app.
Mid Tier ($75MM)
Bitcoin ETF applicant Valkyrie raised $10MM in Series A funding. Blockchain analytics firm Nansen secured $12MM in an Andreessen Horowitz-led raise. Mark Cuban-backed NFT platform Mintable raised $13MM in Series A. Argo Blockchain received a $20MM Bitcoin-backed loan from Galaxy Digital for a Texas mining facility. Blockware Mining raised $25MM amid bitcoin hashrate migration.
High Tier ($2.5B)
Chainalysis raised $100MM in Series E funding led by Coatue. Latin America’s Mercado Bitcoin exchange raised $200MM from SoftBank. VC Giant Andreessen Horowitz will launch a $2.2B Cryptocurrency fund.
No matter how you look at it, there is no denying that a lot of attention is being shown toward decentralized finance and Blockchain Technology. The impact of which will transform our world in ways we can’t imagine. Stay up to speed with everything going on in Crypto by visiting https://www.thecryptocurator.com/ Daily :)
