- Investments are still higher this year than the seven-year average
- Blockchain development platform Tatum received $41.5 million to scale its tooling system
Crypto venture capital funding pao u trećoj četvrtini.
Only $5.5 billion was invested in crypto startups from July through September, according to a new Galaxy izvještaj — marking the lowest quarter for investments this year.
The figure is still higher than the seven-year quarterly average of $3.1 billion, which takes into account the significantly smaller investment universe in the early days of digital assets.
Ove nedelje Cleo ecosystem, a protocol which supports mobile-first DeFi payments infrastructure, revealed that projects on its platform have secured over $ 77 miliona in funding. Company valuations were not revealed.
Among them, blockchain development platform Tatum secured the most significant amount — $ 41.5 miliona — and will be using the latest fundraise to integrate their tooling system with Web3 projects.
Interchain communication protocol Hyperlane also raised a significant amount of capital — $ 18.5 miliona from venture capital fund Variant to promote cross-chain communication and interoperable security.
Regenerative finance project Ilovača, working to develop a data farming marketplace, raised $ 4 miliona.
“I am immensely proud of our ecosystem projects in raising over $77 million across various venture rounds,” Rene Reinsberg, Celo co-founder and Celo Foundation President, said. “This demonstrates how bullish investor sentiment is in driving mainstream adoption of Web3 and real-world use cases for real people.”
Other projects that received funding this week include Zabava — a company building decentralized wallet and access control solutions on Odsy Network.
Fun raised a total of $ 3.9 miliona in its pre-seed funding round led by Tinder co-founder Justin Mateen’s JAM Fund with an unknown valuation.
Another pre-seed project which received venture capital interest this week was Web3 wallet Martijan.
Martian, a wallet built on the Aptos blockchain, allows users to access decentralized applications on the network to buy, swap, swell tokens and collect NFTs.
The company secured $ 3 miliona in a funding round led by Race Capital, with participation from FTX Ventures, Superscrypt, Jump Capital and Aptos.
Other funding rounds this week include:
- Web3 powered newsletter stav Zemljišta $ 1.7 miliona from Binance Labs.
- Singaporean based NFT wallet AWSt obezbje uje $ 1.7 miliona from early-stage venture fund and seed accelerator 500 Global.
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Source: https://blockworks.co/funding-wrap-a-quiet-q3-for-crypto-vc-investment/