đ„đ„đ„ 20 Crypto Startups Raise $141.3 Million in Less Than 2 WeeksÂ
$141.3 Million Flows Into 20 Crypto Startups Amid Market Downturn
Despite a challenging crypto market, venture capital is still flowing, with $141.3 million being invested across 20 different startups and projects. Leading the pack is Morpho, which secured $50 million in a funding round led by Ribbit Capital, with participation from Brevan Howard, Kraken Ventures, A16z Crypto, Coinbase Ventures, and Pantera Capital.
According to data from crypto-fundraising.info, Andrena, a U.S.-based internet service provider developing a decentralized broadband protocol called DAWN (Decentralized Autonomous Wireless Network), raised $18 million in an extended Series A round. The round was led by Dragonfly Capital, with additional support from Parfi, Castle Island Ventures, 6th Man Ventures, Wintermute Ventures, and CMT Digital.
Other significant fundraises include Vessel, a decentralized finance (DeFi) project developing a ZK-powered order book trading platform, which garnered $10 million. Web3 startup Cartridge raised $7.5 million, while Pentagon Games, a Web3 AI game publisher utilizing ZK-EVM technology, and Deagentai, a Web3 AI network, each secured $6 million. Curio, a Web3 game development company, also raised $5.7 million in August.
Among the smaller yet notable raises, 375ai, a decentralized edge data intelligence startup, secured $5 million, and Tonx, a superapp platform layer, brought in $4 million. Zoth, the creators of Tokenized Liquid Note (ZTLN), also raised $4 million. Moonveil Entertainment, an L2 gaming ecosystem startup, secured $3.6 million, and AI project Payman AI rounded out the top 12 with a $3 million raise.
The remaining projects funded include Blockscout ($3M), Khalani Network ($2.5M), Pichi Finance ($2.5M), Metadao ($2.2M), Nexio ($2.2M), Elmts ($2M), Lync ($1.5M), and Quantlytica ($1.1M). Despite #MarketVolatility , substantial investments reflect ongoing confidence in blockchain & Web3 technologies.
Source - news.bitcoin.com
