37 Crypto Startups and Projects Raise Over $317 Million in Funding
The crypto sector has been buzzing with activity in the first half of June, with a total of 37 venture capital deals and fundraising events taking place. These investments have collectively amounted to an impressive $317.87 million, showcasing the growing interest in the industry. Leading the pack is Avail, a modular blockchain project that secured a whopping $43 million in funding.
According to data from crypto-fundraising.info, Avail’s funding round was backed by some of the biggest names in the industry, including Cyber Fund, Founders Fund, and Dragonfly. Not far behind is M^0, a decentralized stablecoin minting project, which raised $35 million in a Series A funding round led by Bain Capital Crypto.
Other standout projects that received significant funding include Nexus Laboratories, a zero-knowledge cryptography specialist, which secured $25 million in a Series A round co-led by Lightspeed Venture Partners and Pantera Capital. GSR, Wintermute Ventures, and Galaxy Ventures also made notable contributions to the funding round.
In addition to these projects, companies like XREX, Layer 3, Fhenix, Squads, and Goplus also attracted investment from various venture capital firms. On the lower end of the spectrum, startups like Nexus Network, Qiro Finance, Honeypot Finance, Starpower, and Bitball also managed to secure funding.
The diverse range of projects that have received funding in the first half of June highlights the continued interest of investors in the crypto market. With prominent investors backing these startups, it is evident that the industry is poised for further growth and development.
What are your thoughts on the recent funding rounds in the crypto sector? Feel free to share your opinions and insights in the comments below.
