Welcome to July! Last month we saw $7B flow over - will we see more or less this month? The answer is YES! July CRUSHED June by nearly double; thanks to Lightspeed which launched four funds totally $7B. I wonder what will happen in August? Outside of the funds raising the most, Web 3 is clearly the place where most of the building will be taking place. UpBit pushing $400M alone into Web 3 is significant. 

Running Total: $13B

FUNDs ($10B)

• Investment Pros Jump Into Bear Market With New Crypto Hedge Fund: $20MM (Blockworks | TB)
• Valkyrie Aims to Raise $30MM; Is Crypto Investment Rout Over? (BIC)
• Virginia county Fairfax commits $35MM to Van Eck crypto lending fund (Cointelegraph | Cryptoglobe)
• Hidden Road announces $50MM Series A round led by Castle Island Ventures (TB)
• TON Foundation Sets Up $90MM Ecosystem Fund (Coindesk)
• Venture Capital Firm NFX Adds $62.6M in Follow-On Investments, Including Crypto Companies (Coindesk)
• Protagonist A $100MM Crypto Fund Launched By Saber Labs (Bitcoinist)
• Multicoin Capital raised $430MM for new crypto startup fund (Cointelegraph | Blockworks)
• Variant raised $450MM for two new venture funds (TB | Fortune)
• Shanghai Allocated $1.5B to Metaverse Development Fund (Blockworks)
• Lightspeed Launches Four Funds Totaling $7B, Plus New Blockchain Infrastructure Venture (BIC)

WEB3 ($1.7B)

• Fanzee Raised $2MM To Help Football Clubs Offer Gamified Experiences To Their Fans (NewsBTC | Bitcoinist)
• Nevermined Raised €3MM Seed Funding to Make Web3 Development Easier for Creators and Developers (AFP)
  
• Dragonfly Capital led $3.5MM seed round for Debt DAO (TB)
• DeepNFTValue raised $4MM to expand beyond pricing CryptoPunks (TB)
• Lines web3 messaging platform raised $4MM seed round (TB)
• Solana NFT utility protocol Cardinal raised $4.4MM in seed funding (TB)
• DAO Platform Startup DAOLens Drums Up 46 Investors In Pre-seed Round: $5MM (Blockworks | Bitcoinist)
• Why Ripple Invested In SuperMojo Buy Now Pay Later NFT Platform: $6MM (Bitcoinist)
• Virtual Avatar Firm Hologram Raised $6.5MM Seed Round (Coindesk)
• Decentralized data platform Space and Time raised $10MM in seed round (TB)
• Startup Incubator Launch House Debuts $10M Fund With Web3 in Focus (Coindesk)
• Raoul Pal Launches Web3 Company ScienceMagic.Studios to Tokenize Pop Culture After $10MM Funding (BIC)
• NFT fraud fighters Optic raise $11MM in seed funding round (TB)
• NFT indexing company Center raises $11MM seed round (TB)
• Company (XLD Finance) that helps gamers pay bills in Smooth Love Potion raises $13MM (TB)
• NFT membership platform Hang raised $16MM Series A (TB | Coindesk)
• Oasys Completes $20MM Private Token Sale Round Backed By Leading Institutions in Crypto and Gaming (NewsDirect)
• Solana-based MonkeyLeague game developer UnCaged raised $24MM (TB | CryptoPotato | Coindesk)
• LDA Capital Commits $25 Million for Buildout of the Aftermath Islands Metaverse (NewsBTC)
• Nigeria’s Scorefam Secures $25 Million Capital Commitment to expand its reach (Tecmoran)
• Web3 gaming firm Planetarium Labs raised $32MM in Series A funding (TB | Coindesk)
• Final Fantasy Maker Square Enix Backs Bitcoin Gaming Startup Zebedee in $35MM Round (Decrypt)
• A16z Led $50MM Seed Round for Gary Vaynerchuk’s NFT Project VeeFriends (Blockworks | CryptoPotato)
• Animoca Brands raised $75MM at pre-money valuation of $5.9 billion (TB | Cointelegraph | CryptoPotato | BIC)
• Gnosis Spinoff Safe Gets $100M To Further Ecosystem (Blockworks)
• Rubix Received $100MM Investment From LDA Capital (Menafn)
• Konvoy Ventures launched $150MM fund targeting web3 gaming (TB | Cointelegraph | Blockworks)
• Startup Mysten Labs From Ex-Meta Devs Seek To Raise $200MM at a $2B Valuation(Blockworks)
• Korean Fintech Giant Dunamu to Create 10,000 Web3 Jobs and Invest $380 Million (Report) (CryptoPotato)
• Operator of UPbit Crypto Exchange Earmarked $400MM to Invest in Web3 Startups (BIC)
• Christie's launches venture fund, makes first investment in web3 company (TB | BIC)
• New SkyBridge fund to invest in web3, fintech startups: Business Insider (TB)

EXCHANGES/TRADING ($547.1MM)

• ZKX netted $4.5MM in funding from Alameda, StarkWare and others (TB)
• Crypto options and futures exchange Thalex closed $7.64MM Series A funding round (TB)
• Crypto Exchange KuCoin Raises $10M From Susquehanna to Fund Hiring, Growth Plans (Coindesk)
• Richard Branson backs trading app Lightyear as it raised $25MM (TB)
• Barclays participating in funding round for crypto firm Copper: $500MM (TB | Blockworks | BIC | Finbold | Bitcoinist)

BLOCKCHAIN ($462MM)

• Bitcoin is for billions: Fedimint on scaling BTC in the global south, raised $4MM (Cointelegraph | BM)
  
• qiibee Raised $4.8MM To Expand Global Footprint (Cision)
• Decentralized Oracle Empiric Network Launches With $7MM Funding Round (Coindesk)
• Ethereum scaling project AltLayer raised $7.2MM in seed funding (TB) [Hiring]
• BlockSec Closed $8MM Seed Plus Funding Round (Finsmes)
• Sustainability and impact focused Topl blockchain closes $15MM round (TB)
• Merkle Manufactory stared by Ex-Coinbase exec raised $30MM led by a16z for decentralized social network protocol Farcaster (TB | TDH) [Hiring]
• Italian government will provide $46MM in subsidies for blockchain projects (Cointelegraph)
• Blockchain security firm Halborn raised $90MM in Series A funding (TB)
• Indian blockchain firm 5ire secures $100M to fund sustainability-focused project (Cointelegraph | Coindesk | Bitcoinist)
• Aptos closed $150MM round led by FTX Ventures, Jump Crypto (TB | Cointelegraph | Coindesk | Bitcoinist | BIC)

DIGITAL ASSETS ($172MM)

• Root raised $9MM to build on top of hacked stablecoin issuer Beanstalk (TB | Blockworks)
• Spartan Capital leads $13MM round for Sweatcoin developer Sweat Economy (TB)
• African infrastructure firm H20 Securities lands $150MM to launch crypto water token H20N (Cointelegraph | BIC | Bitcoinist)

BUSINESS ($77MM)

• Anthony Pompliano's crypto recruitment firm raised $12.6MM and buys rival (TB | Blockworks)
• Unstoppable Domains Reaches Unicorn Status After Latest Raise: $65MM (Blockworks | BIC)

MINING ($60MM)

• AntPool Supports Ethereum Classic Ecosystem With $10M Investment (Coindesk | Finbold)
  
• TeraWulf Added $50MM in Debt to Build Data Center Infrastructure (Coindesk)

DEFI ($47MM)

• Ondo Finance raised $10MM in public token sale (TB)
• Aurora protocol Aurigami raises $12MM in token rounds (TB)
• Hashflow raised $25MM to support structured product launch (TB | Blockworks | Coindesk) 

INCUBATORS ($25MM)

• Tribe Capital Hires Republic Capital Co-Founder Revsin as Managing Partner: $25MM (Coindesk)

MISC

• Blockchain venture funding declined roughly 22% in Q2 (TB | Coindesk)
• Hedge Fund Billionaire Alan Howard is Still Backing Crypto Startups (Blockworks)
• Venture Capitalists pump $29 billion into crypto firms in 2022 despite market crash (Finbold)