Sep: Follow Dat Money

Sep: Follow Dat Money

By theinspired | Inspiration | 6 Sep 2022


Welcome to September folks! Last month we saw $5B flow into Digital Asset projects which was well under half of what we saw the month prior. September might be an even slower month but so far we've reached nearly $200MM; just 6 days into the month. Stay turned to this blog post because here is where you will be able to see what projects are getting the funding and who is funding them. 

Total: $9.911B

FUNDS (4.305B)

EXCHANGE/WALLETS ($4.133B)

  • Former Revolut employees raised $3.5MM to build crypto investment app (TB)
  • Crypto Auditing Platform Sherlock Raised $4MM in Funding (Coindesk)
  • Pantera Capital leads $4.5MM round for NEAR-based wallet Sender (TB)
  • Nilos raised $5.2MM to build a crypto treasury platform for businesses (TB)
  • Decentralized exchange Krypton raised $7MM to lower costs for traders (TB)
  • Lit Protocol raised $13MM, announces new cloud wallet app platform (TB | Coindesk)
  • Anchor creator Coral raised $20MM led by FTX Ventures and Jump Crypto (TB | Cointelegraph | Coindesk)
  • Crypto hardware wallet maker OneKey raised $20MM in Series A funding (TB)
  • Automated crypto trading startup 3Commas raised $37MM (TB | Coindesk)
  • Yellow Card crypto exchange raised $40MM in Series B round (TB | Coindesk)
  • Deribit raised $40MM from existing investors at $400 million valuation: Sources (TB)
  • Banking giant Nomura invests in payments firm Fnality; Seeking $50MM (TB)
  • Ex-Citadel Securities employees raised $50MM for crypto market maker: Portofino Technologies (TB | Cointelegraph | Bitcoinist)
  • FTX wants to raise up to $1B at its $32 billion valuation: CNBC (TB)
  • Upstart Crypto Carbon Credits Platform 1GCX and T3 Trading Raised $2B to Tap ‘Internet of Energy’ (Blockworks)

WEB3 ($963.6MM)

BLOCKCHAINS ($434.5MM)

  • Coinbase Ventures backs crypto firewall provider Harpie’s $4.5MM raise: Exclusive (TB)
  • Morgan Creek Digital leads blockchain onboarding platform Aikon’s $10MM raise (TB)
  • Crypto data infrastructure platform Goldsky raised $20MM seed round (TB)
  • 'Sustainable' GRNGrid Blockchain Got $50MM From Investment Firm GEM Digital (Coindesk | TB)
  • GEM Digital committed $50MM to ParallelChain Lab for L1 protocol development (Cointelegraph)
  • Fuel Labs raised $80MM for modular execution layer, touting superior speed (TB)
  • Cardano Developer Emurgo Unveils $200MM Investment For Blockchain Growth (EWN | Coindesk | ZyCrypto | Bitcoinist)

DEFI ($289MM)

MINING ($268.3MM)

  • Peter Thiel's Founders Fund led $3.7MM round into Block Green (TB)
  • Bain Crypto led $6.5MM round for MEV infrastructure provider Skip (TB)
  • Solar-Powered Bitcoin Miner Aspen Creek Raised $8MM Despite Bear Market (Coindesk)
  • Cipher Mining seeks to raise up to $250MM in stock market offering (TB)

PLATFORMS ($192.2MM)

BANKING/INVESMENTS ($125MM)

REGULATION ($100MM)

  • Crypto regtech firm VerifyVASP raised funds at $100MM valuation (TB)

TOKENIZATION ($50MM)

  • Token management platform Magna closes $15MM funding round (TB | Coindesk)
  • J.P. Morgan invests in trading network Ownera’s $20MM raise (TB | Coindesk)
  • Diamond tokenization startup Diamond Standard raised $30MM (TB | Coindesk)

STORAGE ($30MM)

  • Community Labs raised $30MM strategic funding round (TB)

TAXES ($4MM)

  • Binocs raised $4MM to help crypto investors stay on top of their taxes (TB)

POLITICS ($1.5MM)

  • Andrew Yang Is Raising $1.5MM for a Company That Plans to Reward Volunteers With Crypto (Coindesk)

MISC

  • Blockchain venture capital funding fell to a 12-month low in August (Cointelegraph)
  • Venture Capital Bullish on Building GameFi in a Bear Market (Blockworks)
  • VCs pour $14.2B into crypto in H1 2022, but investments now slowing (Cointelegraph)
  • Binance's VC arm tops up Aptos investment ahead of launch (TB | BIC)
  • WisdomTree Set To Launch Digital Fund With Real-world Focus (Blockworks)

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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

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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