Early June Sees $317M Infusion into Crypto Sector from Venture Capital
In the first half of June, the crypto sector saw significant venture capital activity, with 37 deals and fundraising events amounting to $317.87 million.
Leading the charge was Avail, a modular blockchain project that raised $43 million in a funding round led by Cyber Fund, Founders Fund, and Dragonfly. Another major player, the decentralized stablecoin minting project M^0, secured $35 million in a Series A round led by Bain Capital Crypto, with participation from GSR, Wintermute Ventures, and Galaxy Ventures.
Nexus Laboratories, specializing in zero-knowledge cryptography, followed closely, raising $25 million in a Series A round co-led by Lightspeed Venture Partners and Pantera Capital, with additional contributions from Dragonfly, Faction Ventures, and Blockchain Builders Fund. Other notable funding rounds included those by XREX, Layer 3, Fhenix, Squads, and Goplus. At the lower end of the venture capital deals list were Nexus Network, Qiro Finance, Honeypot Finance, Starpower, and Bitball. These investments underscore the ongoing interest and substantial backing from prominent investors, highlighting the continued growth and diversification within the crypto market.
Clever Robot News Desk 18th June 2024
