Venture capital (VC) investors kept busy this past week as Centrifuge, Crypto Valley Exchange and Nebra all clinched new rounds of funding. Crypto Valley Exchange The $7-million funding round consisted of pre-seed and seed rounds. Fabric Ventures and Kyber Capital Crypto Fund co-led the effort. Crypto Valley Exchange also drew support from notable backers like AMDAX, Wave Digital, Funfair Ventures,...
Crypto.com’s venture arm has scaled back its investment activity as the sustainability of surging valuations in the sector becomes less evident. Crypto.com Capital, a venture arm of the company of the same name which had $500 million available for investments in startups in the sector as of January 2022, has reduced its investment activity over the past...
Aligned Layer, a startup touted as a “universal verification layer for Ethereum,” confirmed Sunday, April 14, that it raised $2.6 million in seed funding. Lemniscap, a seven-year-old firm that has backed multiple companies in the crypto blockchain space, led the effort. The firm previously led the $2.4-million funding round for web3 startup Safary in January. Bankless Ventures...
Following a challenging period for crypto startups, venture capital investments saw a significant uptick in 2024. According to recent reports from Bloomberg, VC funds increased by nearly one-third from the end of last year. During the first three months of 2024, investments in crypto startups hit $2.5 billion, marking a 32% rise from the preceding quarter and...
Ethereum layer-2 blockchain LightLink secured $6.2 million in funding during an extended seed round. Institutional and individual investors participated in the effort. “No further rounds planned [at the moment],” the company stated in a social media post on Saturday, April 6. LightLink extended the seed round due to high demand from investors. The startup ended up receiving an additional...
Three blockchain specialists scored venture capital this week — a bullish indicator that, perhaps, investors are once again warming up to the web3 sector. Peaq On March 27, Peaq — a layer-1 (L1) blockchain designed specifically for decentralized physical infrastructure networks (DePINs) — announced a successful Series A funding round, raising $15 million. Generative Ventures and Borderless Capital led the effort, with...
