The dolla dolla bills keep rollin’ in y’all! Over $1B once again flows into decentralized finance, NFTs, and a variety of other projects in the Blockchain industry. The big haul this week is from NFX which is a venture firm exclusively focused on pre-seed & seed-stage startups. However, the theme this week is exchanges and funds.
Low Tier ($23.80MM)
Kokoa Finance secured $2.3MM, Hashed led the round
Idexo completed successful IDO, collects $3.3MM in token sale
ThorChain-based DEX ThorSwap raised $3.75MM in a private token sale
IOHK partnered with Venture Capital Fund that invested $6MM to support Cardano-based innovations in Africa
Multicoin Capital led $8.5MM investment in interest rate swap exchange Strips Finance for DeFi
Mid Tier ($135.7MM)
Gelato Network raised $11MM in Series A funding led by Dragonfly Capital
Easy Crypto raised $11.7MM, sets record for New Zealand
??Solana ($SOL) powered DEX ORCA received $18MM capital injection
NonceVC announced $18MM strategic fund to accelerate the growth of Crypto companies
Arca closed $30MM venture fund as it crossed $500 million in AuM
UAE crypto exchange BitOasis raised $30MM to expand in MENA
Point72 Ventures led $35MM raise for Zero Hash
High Tier ($862MM)
Axie Infinity developer Sky Mavis secured $152MM in Series B funding from investors
Indian Crypto exchange CoinSwitch Kuber raised $260MM
Early stage venture capital firm NFX launched $450MM fund to support startups in sectors including Crypto, Fintech and Biotech
Also, valued at $4.3B, NFT platform Sorare to invest in women’s sports, HODL HODL closed Series B funding round, and NFT marketplace Eternal gets funding from Coinbase & Mark Cuban.
