BIGGEST FUNDRAISING ROUNDS LAST WEEK 💰
11/03 - 17/03

Last week, over $252M was secured through 43 deals

1/ Berachain secured $69.0M in funding round led by Brevan Howard Digital & Framework Ventures

Berachain is a DeFi-focused, EVM-compatible Layer 1 built on the Cosmos SDK and powered by Proof of Liquidity Consensus.

2/ Polyhedra Network secured $20.0M in funding round led by Polychain

Polyhedra is an infrastructure for Web3 Interoperability, featuring cutting-edge zero-knowledge proof systems

3/ Carbonated secured $11.0M in Series A led by Com2US

Carbonated is a mobile game developer specialising in hardcore PVP games, with their flagship product "MadWorld," a post-apocalyptic NFT shooting game set in a devastated Earth.

4/ MetaCene secured $10.0M in Series A

MetaCene is a blockchain-based MMORPG set in a surreal post-apocalyptic world, where players utilize a variety of NFTs to redefine civilization.

5/ ClearToken secured $10.0M in Seed

ClearToken brings a clearing house to the market for digital asset trading, lowering counterparty risk and enabling wider institutional adoption.

6/ D2X secured $10.0M in Series A led by Point72 Ventures

D2X is building a pan-European institutional exchange for derivative trading in digital assets.

7/ UXLINK secured $9.0M in funding round

UXLINK is a web3 social platform and infrastructure that enables users to turn their network into net-worth by linking more and gaining more opportunities.

8/ TunaChain secured $8.9M in IDO

Tuna Chain is a pioneering company that has developed the first modular Layer 2 solution on Bitcoin.

9/ Elixir secured $8.0M in Series B led by Maelstrom & Mysten Labs

Elixir is a decentralized market making protocol that interacts with centralized exchanges using market making algorithms via API calls, bringing liquidity to the long tail of cryptoassets.

10/ Clique secured $8.0M in Series A led by Polychain Capital

Clique is building identity oracles that connect web2 user behavior data with web3 applications.

#Fundraising #Investing #venturecapital

Crypto Fundraising vs Total Market Cap 📈

Is there a link between crypto primary and secondary markets?

In the crypto context, the #fundraising market is often considered the "Primary Market" where fundraising events take place, while the Total Market Cap (TOTAL) can be associated with the "Secondary Market" reflecting the aggregate value of trading crypto assets.

Analysis confirms a correlation, but it's modest (r=0.29)

→ This suggests that fundraising metrics may not be reliable in predicting short-term market trends.

Our key takeaways:

❯ It appears that the Total Market Cap influences fundraising activities, not the other way around (seen in Jan vs Mar & Sep & Nov).

❯ Sideways markets align with low fundraising → Both projects and #VCs may not be confident in raising/investing until receiving certain market confirmation.

❯ VCs tend to remain cautious during uncertain market sentiment but always stay alert for market upticks (seen in Oct & Nov).

#Fundraising #venturecapital

💵 #Crypto venture capital sentiment is on the rise in Q2, says Galaxy, with $3.19B invested, up from $3.16B in Q1.
Web3, Layer 1s, and Bitcoin Layer 2s are key investment areas.

#CryptoVentureCapital #venturecapital #VC #TrendingTopic

Binance Listing Report: VC Backing vs. Price Performance

A recent report by crypto researcher Flow analyzed the performance of tokens listed on Binance. Interestingly, the report found that only 5 out of 31 tokens listed on the exchange maintained their price gains after listing, despite many being backed by top-tier venture capital firms and launching with high valuations.

However, the report also highlighted some outliers. Several tokens that did not have major venture capital backing, such as ORDI, JUP, WIF, JTO, and MEME, showed surprising resilience. Over the past six months, these tokens experienced significant gains, with ORDI rising by approximately 262%, JTO by 62%, JUP by 58%, WIF by 117%, and MEME by 8.5%.

This suggests that VC backing may not be the sole guarantee of a token's success. It's important to conduct thorough research before investing in any cryptocurrency, regardless of its listing platform or VC backing.

#cryptocurrency #Binance #blockchain #investment #venturecapital

BIGGEST FUNDRAISING ROUNDS LAST WEEK 💰

Last week, over $200M was secured through 36 deals

1/ IoTeX secured $50.0M in funding round

IoTeX is an EVM-compatible L1 blockchain that provides secure interactions between humans and machines.

2/ Burnt (XION) secured $25.0M in Series A

XION is a modular Generalized Abstraction layer purpose-built for consumer adoption, developed by Burnt.

3/ Ellipsis Labs secured $20.0M in Series A led by Paradigm

Ellipsis Labs, in the process of expanding to accelerate the development of DeFi, is building Phoenix, a decentralized limit order book on Solana blockchain.

4/ Agora secured $12.0M in Seed led by DragonFly Capital

Agora is a stablecoin issuer that provides users a haven from volatility by pegging themselves to other assets such as the dollar

5/ Gomble Games secured $10.0M in funding round

GOMBLE, the crypto arm of 111%, is a well-established game studio that specializes in casual game genre

6/ Zeus Network secured $8.0M in funding round led by Mechanism Capital

Zeus Network serves as a crucial permissionless layer, harnessing the formidable strengths of both Solana and Bitcoin.

7/ DeepLink secured $8.0M in funding round

DeepLink is a Web3 Cloud Gaming Platform with a remote control tool as the entrance.

8/ Raiinmaker secured $7.5M in Seed led by Jump Capital, Cypher Capital

Raiinmaker is building decentralized AI tools and web3 infrastructure to undergird sports, gaming and entertainment projects.

9/ Planet Mojo secured $5.5M in Strategic led by Animoca Brands, Merit Circle, Courtside Ventures

Planet Mojo is a magical and imaginative Web3 gaming metaverse platform being built by an accomplished team of industry veterans.

10/ Gasp (Mangata) secured $5.0M in Private

Gasp is a L2 cross-rollup protocol, with the vision to make Ethereum the settlement layer for all cross-chain transactions

#fundraising #investing #venturecapital

$SOL $BTC $ETH

☀️ In March, the crypto #venturecapital space saw 180 publicly announced investments, a 24.1% increase from February.

#Funding surged to $1.16 billion, marking a 52.6% rise.

Here are the Top 10 👇

#VC #TrendingTopic