Financing: A quiet third quarter for crypto VC investments

Von Krypto News Österreich

  • The investments are still above the seven -year average of
    • this year
  • The blockchain development platform Tatum received $ 41.5 million for scaling your tool system

The crypto venture capital financing decreased in the third quarter.

According to a new report, only $ 5.5 billion in crypto startups were invested from July to September Galaxy-report -marks the lowest quarter for investments this year.

The value is still above the seven-year quarter average of $ 3.1 billion, which takes into account the significantly smaller investment universe in the early days of digital assets.

This week, the cleo ecosystem, a protocol that supports the mobile-first deficient payment infrastructure, revealed that projects on its platform have secured $ 77 million in financing. Corporate reviews were not announced.

Among them the blockchain development platform Tatum secured the most important amount- $ 41.5 million $ -and will use the latest fundraising campaign to integrate your tool system into web3 projects.

Interchain communication protocol Hyperlane also raised a considerable amount of capital- $ 18.5 million from the risk capital fund Variant to promote cross-chain communication and interoper security.

Regenerative financing project Lehm that work on the development of a data farming marketplace $ 4 million .

"I am very proud of our ecosystem projects, in which we have collected over $ 77 million in various venture rounds," said Rene Reinsberg, co-founder of Celo and President of the Celo Foundation. "This shows how optimistic investment is to promote the general acceptance of web3 and real applications for real people."

Other projects that were financed this week include fun - a company that develops decentralized item pockets and access control solutions in the ODSY network.

Fun overall raised $ 3.9 million in his pre-seed financing round under the direction of the JAM fund by Tinder co-founder Justin Mateen with unknown assessment.

Another pre-seed project that received risk capital interests this week was the Web3 Wallet Marsianer .

Martian, a wallet built on the aptos blockchain, enables users to access decentralized applications in the network to buy, exchange, to swap and to collect NFTs.

The company secured $ 3 million in a financing round led by Race Capital with the participation of FTX ventures, Superscrypt, Jump Capital and Aptos.

Further financing rounds this week are:

  • Web3-based newsletter paragraph $ 1.7 million $ from Binance Labs.
  • NFT wallet from Singapur AwSt ensures $ 1.7 million $ from the Early stage Venture Fund and Seed Accelerator 500 Global.

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The Post Funding Wrap: A Quiet Q3 for Crypto VC Investment is not a financial advice.