May 2023: Follow Dat Money

May 2023: Follow Dat Money

By theinspired | Inspiration | 6 May 2023


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Welcome to May folks! Last month we saw $1.6B flow into Digital Asset projects; about the same we saw last month. The biggest raise last month was Former Ethereum miner CoreWeave raising $221M in Series B.

Total: $962.6M

31 - $274M

  • Blockchain firm raises $25M to develop third-generation architecture (Cointelegraph | Coindesk | Finbold)
  • PayPal Ventures Leads $52M Round for Crypto Firm Magic (Coindesk | Cointelegraph | TB)
  • StepStone VC Raises $97M for Two Blockchain Funds (Coindesk)
  • Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund (Coindesk)

25 - $5M

  • Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund (Coindesk)

23 - $47.4M

  • Num Finance Raises $1.5M, Will Expand Stablecoins in Latin America, Middle East (Coindesk)
  • Multicoin Leads $2.3M FastLane VC Deal, Continuing Its Bet on MEV Infrastructure (Coindesk)
  • LabDAO Raises $3.6M to Decentralize Drug Discovery (Coindesk)
  • Ripple Invests in $40M Decentralized Infrastructure Fund (UToday)

19 - $211M

  • Miami blockchain folk hero secures $5M for community tokenization (Coindesk)
  • Twitter Co-founder Dorsey Leads $6M Investment in Bitcoin Voucher Service (Blockworks)
  • Hong Kong’s HashKey targets $1 billion valuation in raise of $100-200M: Bloomberg (TB | Coindesk)

18 -$50M

17 - $7M

  • Airstack Raises Over $7M for AI-Backed Web3 Developer Platform (Coindesk)

16 - $174M

  • Asymmetry Finance Joins Liquid Ethereum Staking Market With Latest $3M Raise (Decrypt | Coindesk)
  • Red Beard Ventures Closes $25M Funding Round With Animoca Brands, SuperRare (Coindesk)
  • Bitcoin Miner Cormint Raises $30M Series A to Build Texas Data Center (Coindesk)
  • Bitcoin services startup River Financial secures $35M from Peter Thiel, others (TB | Cointelegraph | BM | Coindesk)
  • Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M (Coindesk | TB)

14 -$115M

  • Worldcoin Crypto Project: OpenAI CEO Targets $115M Funding (BIC | Cointelegraph | TB | Coindesk)

11 -$11.7M

  • Smart-Contract Registry Cookbook Raises $2M to Create Web3 Developer Support Tools (Coindesk)
  • Artizen Fund Raises $2.2M to Create NFT Cultural Artifacts (Decrypt)
  • Decentralized Wallet Developer Odsy Network Raises $7.5M at $250M Valuation (Coindesk)

10 - $21M

  • Pudgy Penguins secures $9M months after CEO denied raising money, called notion ‘fake news’ (TB)
  • Blockworks Raises $12M at $135M Valuation (Blockworks)

09 - $7M

  • Zero-Knowledge Privacy Startup Webb Protocol Raises $7M (Cointelegraph)

04 - $24M

  • Alchemy Ventures Backs $4M Round for NFT Platform Vibe (Coindesk)
  • Fuse blockchain pledges $10M for ecosystem development (Cointelegraph)
  • Coinbase Ventures Backs $10M ZkLink Raise Ahead of Mainnet Launch (Coindesk)

03 - $15.5M

  • New Crypto VC Firm Credibly Neutral Raises $5.5M (Coindesk)
  • South Korean Publisher Neowiz Launches $10M Polygon Game Accelerator (Decrypt)

 

Other News

  • Crypto Companies Raised $2.6B in Q1 2023 But There’s a Catch (CryptoPotato)

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

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