I am speechless! And that’s saying something.
While the lower tiers declined, the high-tier funding rocked the party this week. In fact, the funding that was raised by OpenSeas was not disclosed but if it is now valued at $10B. The funding round had to be north of $500MM beating out Marathon who raised $500MM to buy Bitcoin and mining machines.
Mind you, the lion's share of the funds this week is attributed to the fund that was launched by Paradigm at a whopping $2.5B.
Low Tier ($13.5MM)
Ethereum Foundation outlines $1MM in grants to crypto advocacy efforts
Synthetic asset protocol Polysynth for Polygon raised $1.5MM from major investors
OneRare’s solid investor backing results in $2M fundraise to foodify the Blockchain industry
Solana DeFi futures protocol Cypher raised $2.1MM seed round
a16z led a $3.1MM funding round for startup Mem Protocol which is trying to build a crypto social credit score
Subsquid building decentralized indexing technology with new $3.8MM funding
Mid Tier ($179.4MM)
Cosmos liquid staking protocol pSTAKE raised $10MM in seed funding
Web3 social infrastructure startup CyberConnect raised $10MM in seed funding
DFG piled $12.6MM into Astar Network’s Polkadot parachain bid
Andreessen Horowitz led a $13MM investment in privacy startup Nym which is integrating with Bitcoin
Polychain Capital led Anoma Network’s $26MM raise
Manta Network raised $28.8MM as its squad game event concluded
ConstitutionDAO hits $30MM in Ethereum raised, one day before Sotheby’s auction
Ethereum Layer 2 developer StarkWare raised $50MM, now valued at $2 billion
High Tier ($4.2B)
Valkyrie to launch $100MM DeFi-focused Hedge Fund
KuCoin Labs launched $100MM Fund devoted to Metaverse Projects
Crypto miner PrimeBlock reportedly plans to go public through 10X Capital merger: $150MM Funding round
Oasis Foundation launched $160MM Fund for DeFi, NFTs, Metaverse, and more
Blockchain unicorn ConsenSys valued at $3.2B following $200MM raise
Gemini raised $400MM to build a Metaverse outside Meta’s walled garden
Marathon to raise $500MM in debt to buy bitcoin and mining machines
Eldrige leads Digital Currency Group's maiden $600MM debt funding round
Paradigm launches $2.5B venture fund for crypto companies
In addition, OpenSea fields investment offers at $10 billion valuation and Anchorage Series D raise at $3B valuation.
