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)
- Venture Capital Firm MetaWeb Raised $30MM for Early Stage Crypto Startups (Coindesk)
- VC firm Bloccelerate aims to raised $100MM for new fund (TB)
- NEAR Foundation Reveals $100MM VC Fund and a Venture Lab (EWN | TB | Coindesk | CryptoPotato)
- North Island Ventures launched $125MM investment fund (TB | Blockworks)
- Hong Kong billionaire's VC firm C Capital plans to raise a new $200MM fund to invest in crypto: Bloomberg (TB | BIC | TDH)
- Spice VC expects Q4 first close in fund targeted at $250MM: Exclusive (TB)
- Bitdeer to invest $250MM in lending fund for bitcoin miners: Report (TB | UToday | BIC)
- DTCP set to invest in web3 with $300MM fund backed by SoftBank (TB)
- Icebreaker Finance, Maple launch $300MM lending fund for bitcoin miners (TB | Cointelegraph | Blockworks | CryptoPotato)
- London-Based Asset Manager Fasanara Capital Establishes $350MM Crypto VC Fund (Coindesk)
- Two Sigma Ventures raised $400MM across two funds (TB | Coindesk)
- UK venture firm Northzone eyes web3 startups with new €1 billion fund (TB | Coindesk | BIC)
- Pantera is seeking $1.25B for a second blockchain fund, Bloomberg reports (TB | Blockworks | Cointelegraph | Coindesk)
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)
- NFT-focused Fund Spencer Ventures Raised $4.5MM and Finds Parallels to Traditional Venture Investing (Blockworks)
- Crypto.com invests in web3 back-office platform Headquarters’ $5MM raise (TB)
- Web3 compliance company Satschel raised $5.2MM, partners with Assure (TB)
- Web3 accounting software Tres raised $7.6MM in seed funding (TB)
- Grand Theft Auto creator backs web3 gaming studio in $7.6MM round (TB)
- NFT Software Company Dust Labs Raises $7M During y00ts Release (Coindesk | Decrypt)
- Play-to-Earn Gaming Platform Vulcan Forged Raised $8MM in Series A Funding (Coindesk)
- Web3 finance platform Integral closed $8.5MM round led by Electric Capital (TB)
- Steve Cohen-Backed Firm Invested $10MM in Web3 Game Marketplace AQUA (Coindesk)
- Crypto Influencer Cooper Turley Created $10MM ‘Coop Records’ Music Startup Fund (Coindesk)
- Web3 wallet Omni raised $11MM in seed funding at a $50 million valuation (TB)
- Web3 unicorn Alchemy is raising for a new venture fund: $12MM (TB)
- Crypto Startup Slide Raises $12.3MM to Connect New Users to Web3 Apps (Coindesk)
- Gaming firm Gameplay Galaxy raised $12.8MM in seed funding to build decentralized competitive games (TB)
- Animoca Brands Among Backers in $13MM Raise for Revolving Games (Blockworks | Decrypt | Coindesk | TB)
- Web3 Startup SpiceAI Cooks Up $13.5M Raise To Make Data More Accessible (Blockworks)
- Tyler Hobbs’ QQL NFT Project Raises Nearly $17MM in Successful Mint (Coindesk)
- Microsoft, Avalanche, Polygon join $20MM funding of Web3 automation startup Space and Time (Cointelegraph | TB | Finbold)
- Metaverse Infrastructure Firm Hadean Raised $30MM From Fortnite Developer, Others (Coindesk | TB)
- Yuga Labs to Raise $50MM with New NFT Collection Mecha Apes (EWN)
- Doodles announced $54MM raise, plots hiring spree (TB | Coindesk | Bitcoinist | BIC | Cointelegraph)
- Former Revolut employees raised $78MM for web3 energy startup Tesseract (TB)
- Whampoa To Wield $100MM for Web3: Report (Blockworks | BIC)
- Sports Metaverse company LootMogul secured $200MM funding (Cointelegraph)
- Mysten Labs, creator of the Sui blockchain, closed $300MM raise led by FTX Ventures (TB | Cointelegraph | Coindesk)
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)
- Institutional DeFi Platform dAMM Raised $2MM in Private Token Sale Round (Decrypt)
- Thai banking giants back DeFi startup Forward in $5MM seed round (TB)
- Hubble Protocol raised $5MM in a strategic round led by Multicoin Capital (TB | Decrypt | Coindesk)
- Smart Token Labs' TokenScript quadruples valuation as it raised $6MM (TB)
- DeFi investing platform Credix raised $11MM in Series A round (TB | Coindesk)
- Crypto-focused MPC developer MPCH Labs raised $40MM (Cointelegraph | Blockworks | TB)
- Uniswap seeks more than $200MM in funding at $1 billion valuation: Tech Crunch (TB | Finbold | Blockworks | Bitcoinist)
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)
- FTX Ventures, DCG Back $9.6M Funding for Decentralized Database Solution Kwil (Coindesk)
- Paradigm leads crypto firewall provider Blowfish’s $11.8MM raise (TB | Coindesk)
- Karn Saroya raised $14MM for insurance protocol Re as insurtech platform Cover is wound down (TB | Blockworks | Coindesk)
- Variant led $18.5MM fundraise for developer platform Hyperlane (TB | Coindesk)
- Crypto bug bounty platform Immunefi raised $24MM led by Framework Ventures (Cointelegraph | Coindesk)
- Brevan Howard led $35MM round for crypto analytics platform Messari (TB | Coindesk)
- Bitcoin rapid payment service Strike raised $80MM, takes aim at Visa (Fortune | TB | BM)
BANKING/INVESMENTS ($125MM)
- Crypto investment product firm 21.co raised $25MM to reach $2B valuation (Cointelegraph | TB | Blockworks | BIC | Coindesk | CryptoPotato)
- Banking platform LevelField is raising $50MM, secures first acquisition (TB)
- Startup Sardine Focused On No-fraud Crypto Payments Raised $50MM (Blockworks)
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)
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)