This week the deep pockets got serious once again about funding Digital Asset and Blockchain projects to the tune of about $3.4B.
The big spender this week was Matt Zhang, former Managing Director at Citi, who launched HiveMind, a $1.5B Crypto fund that tapped Algorand as the first partner.
He wasn’t alone in focusing on Algorand as Borderless Capital will use its $500MM fund to back projects powering the “next generation” of decentralized projects on the site.
Low Tier ($22.9MM)
Sloika raised $2MM to propel the rising Ethereum photo NFT market
BlockchainSpace Guild Hub raised $2.4MM to onboard 20,000 play-to-earn guilds
The Giving Block raised $2.4MM for charity on 'CyberGivingTuesday'
3D metaverse marketplace MetaMundo aims for 2022 launch with new funding of $2.7MM
NFT game Guild of Guardians raised $5.3MM, token sale oversubscribed 82x
Solana RPC provider RunNode closed $8.1MM seed round — aiming to fix major Solana bottleneck
Mid Tier ($289.8MM)
Colony raised $18.5MM to incentivize next-gen app development on Avalanche
Iron Fish raised $27MM to build a Cryptocurrency beyond the reach of surveillance states
Pluto Capital closed $30MM Crypto Fund for early-stage Blockchain projects
Solana-based derivatives network Hxro raised $34MM in token round
NYDIG raised $50MM for the seventh Digital Asset fund
Brazil’s 2TM raised $50.3MM in the second Series B closing
CertiK closed an $80MM round led by Sequoia, nearing a $1B valuation
High Tier ($3.2B)
Maven 11 Capital closed second crypto investment fund at $120 million
1inch Network raised $175MM from VanEck, Alameda Research
South Korean crypto VC Hashed launched new $200MM fund
Cloud banking startup Thought Machine closed $200MM round, led by Nyca Partners
Galaxy Digital raised $500MM in convertible debt to fund business expansion
Ethereum competitor Algorand becomes the focus of Crypto firm Borderless Capital’s new $500MM investment fund
Former Citi banker launched $1.5B crypto fund Hivemind, taps Algorand as its first partner
In addition, VLaunch announced big-name Crypto backers ahead of its launch.
