Financing round: Blockchain Tech continues to excite VC interest

Financing round: Blockchain Tech continues to excite VC interest

Blockchain-technology moves VC dollar to
  • Uniswap Labs secured the largest financing amount in his latest series B round under the direction of Polychain Capital that was ever used for a defi protocol
  • Celestia concluded a 55 million dollar deal for the development of the modular blockchain scaling technology

venture dollars continue to flow into cryptocurrency startups, even if the markets are largely behaved.

Above all, uniswap laboratory -The team behind the greatest decentralized stock exchange (dex), uniswap-secured 165 million US dollar in one of polychain Capital listed series B round with the participation of other investors, including Andreessen Horowitz, Paradigm, SV Angel and Variant.

This fundraising campaign, which is the largest financing round for a defi protocol, brings uniswapdie overall rating of $ 1.66 billion, confirmed sources that are familiar with the matter.

As uniswap is not yet profitable, founder Hayden Adams said that the company is planning to tap the capital inflow in order to expand its products in order to become financially sustainable.

crypto custody copper meanwhile, drummed $ 196 million as part of his current series C round.

The total finance destination for copper was not established publicly. However, a spokesman said Blockworks that the company applied $ 181 million from new and existing shareholders. It also received a changeable guilt-to-own capital of $ 15 million.

The recent Copper fundraising campaign was led by Barclays Ventures and Tiger Global Management. The company previously received support from Alan Howard, Dawn Capital and Target.

Web3 infrastructure companies are also observed by investors on a smaller scale.

chainsproof a company that focuses on protocol implementation and cryptographic technology, secured $ 18.75 million in a series A.

led by Round

Other investors who took part in the round are NGC Ventures, Hashkey Capital, Sfermion, JSCOUSE, CONSENSYS, DIGITAL FINANCE Group and Fenbushi Capital. Financing will enable ChainSafe to accelerate its plans for the development of a Web3 infrastructure for games.

SCALING START Celestia was also on the radar of investors and completed a $ 55 million deal to continue the development of the modular blockchain technology.

The round was led by Bain Capital Crypto and Polychain Capital, with the participation of the Spartan Group, FTX Ventures and Jump Crypto.

other remarkable financing rounds of recent times are:

  • Blockchain development platform Tatum secured $ 41.5 million in a series round listed by 3VC.
  • crypto investment start-up from Singapur pillow collected a series A jointly led by Accel and Quona Capital in the amount of $ 18.1 million.
  • Defi-focused hedge fund marginal capital collects two separate funds of $ 66.8 million.
  • Shardeum A divided Layer 1 blockchain based on the virtual machine from Ethereum, completed a seed round of $ 18.2 million with a rating of $ 199 million.

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The contribution Funding Roundup: Blockchain Tech Continues to Grab VC Interest is not a financial advice.