Funding Roundup: Large increases of $ 1 billion and $ 200 million at Startup Spree
Funding Roundup: Large increases of $ 1 billion and $ 200 million at Startup Spree
- Luna Foundation Guard collected $ 1 billion in a private token sale, while Amber Group completed an extended series B round of $ 200 million
- In the middle of the massive rounds, there were also more modest increases, including a $ 33-million increase in series B for infones and a $ 34 million increase for aligned
towards the end of February, cryptocurrencies show signs of recovery and capital continues to flow into crypto.
In the last 24 hours, the cryptocurrency market has increased by 9.7 % according to Blockworks.co/prices. The two largest cryptocurrencies after market capitalization, Bitcoin and Ethereum, rose by 9.9 % or 11.35 % on Friday at 9:45 a.m.
Over $ 1.3 billion in investments flowed into the cryptos sector this week. This is partly due to a few major financing rounds, including the private token sales of Luna Foundation Guard in the amount of $ 1 billion, which is one of the greatest income in the cryptos sector, and the extended series-B round of the Amber Group in the amount of $ 200 million
In the middle of the massive rounds, there were also low to several million dollars, including a series B of $ 33 million, which was closed by the blockchain infrastructure provider Infstones, and an increase of $ 34 million due to a defi and web3 infrastructure platform Aligned.
The total value of the defi protocols (decentralized finances) has increased from $ 52 billion to $ 196 billion in the last $ 12 months, it is said Data from defi llama. With this increase in the TVL, demand for the sector has also increased, Aligned founder Sam Cassatt told Blockworks on Thursday.
"The demand will continue to increase," said Cassatt. "I don't see that this slows down, it gets bigger every day."
According to a pitchbook report on Thursday, Web3 and Defi dominated the up-and-coming technology investment landscape with $ 2.4 billion in the fourth quarter of 2021, which was invested in 26 deals during this period. Around 13 % or 4.3 billion US dollars of the $ 33 billion, which were invested in Krypto last year, accounted for about 13 % or 4.3 billion US dollars.
Further remarkable capital increases this week are:
- Defi protocol plate serves a strategic increase
- Blockchain-based game Cradles closed a Private round under the direction of Animoca Brands
- The Defi app catalog recorded $ 7.5 million in order to create a cross-chain and multi-chain future
- The emerging web3 startup Fast Break Labs filled a $ 6m seed round led by patron and panta capital
- The fantasy strategy game Heroes of Mavia supported by Binance brought in $ 2.5 million, led by crypto.com capital.
Have a look again next week to learn more about the financing.
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The Post Funding Roundup: Major Raises of $ 1b and $ 200m Join Startup Spree is not a financial advice.