This report offers an overview of the fundraising deals within the global crypto market in July 2023. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. If you have any feedback, we would be delighted to hear from you.
Crypto Fundraising Global Landscape
In July, the total number of crypto fundraising deals was 90, a decrease of -10.89% from 101 in June 2023; the total financing in July was US$810.16M, a -35.44% decrease from the previous month. 11.11% of the crypto projects are in the Series A series stage. From the perspective of fundraising scale, there were 19 projects of fundraising above $10M, which has decreased by -9.52%, compared to June 2023. By geography, a total of 23 projects founded in the United States of America received $214.45M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, United Kingdom, Thailand, and Japan.
Crypto Fundraising Deal Count by Sector
In July, out of the 90 projects that were successfully financed, 35 of them were Web 3.0 projects, constituting 38.89% of the total projects. These projects raised a total of US360.60M, which is 38.89% of the total funds raised that month. This amount is US$109.42M higher than the funds raised in June 2023.
Out of the 90 Web 3.0 projects, the most relevant are those related to the Gaming category, with 6 being in the AI category and 6 in the Gaming category.
In addition to Privacy, DApp, Identity, and Music, other categories of related Web 3.0 projects.
In July, a total of 16 projects involving blockchain infrastructure received $168.18M in funding, representing 20.76% of all financing.
There were 15 DeFi-related projects, making up 16.67% of all financing projects in July. The total amount of DeFi-related projects raised was $48.75M, representing 6.02% of the total financing, this was an increase of 0.31% compared to June 2023.
In July, 3 CeFi projects were funded, comprising 3.33% of the total number of financing projects. Altogether, these projects raised $47.80M, which was 5.9% of the total financing in July, representing a -5.91% decrease from June 2023.
Additionally, there were 7 NFT projects that have received a total of $30.85M in financing. Representing 3.81% of all financing, this was an increase of 39.72% compared to June 2023.
Crypto Fundraising Deal Count by Transaction Type
The majority of raised funds for the crypto market come from Series A rounds, the total amount is $303.50M in July. The aggregate deal value of Series A for July is higher than the previous month by 166.67%. The biggest Series A round fundraising is $100.00M, when ZYBER 365 gets funding in July 2023.
Number of Investments by Investors
In July, Big Brain Holdings had the most investments, with a total of 5 projects, including 3 Web3, 2 Infrastructure and 1 DeFi project.
Also, SevenX Ventures has invested in 4 projects, with 1 of those investments going towards Infrastructure projects, 1 towards Web3 projects, 1 towards Infrastructure projects, 1 towards DeFi projects and 1 towards NFTs projects. Other investment institutions\VC funds such as DeFi, NFTs etc. also invested in more than one project in July.
Top 5 Crypto Fundraising Deals In July
ZYBER 365($100.00M) | Zyber 365 offers a decentralized and cyber-secured operating system with a range of multiple Web3 products like Layer-0, Layer-1 and Layer-2 blockchains, decentralized identities, data analytics, software development kit, web browser, NFT marketplace and ICO (Initial Coin Offering) that can be collectively leveraged as a complete Web3 ecosystem or as a standalone application specified to user requirement. — with participation from Sram & Mram Limited
Flashbots($60.00M) | Flashbots is a research and development organization formed to mitigate the negative externalities posed by Maximal Extractable Value (MEV) to stateful blockchains, starting with Ethereum
Futureverse($54.00M) | Futureverse is a leader in revolutionary AI and metaverse technologies that enable open, scalable, and interoperable apps, games and experiences — with participation from 10T Holdings, Ripple
Veloce($50.00M) | Founded in 2018, Veloce is a multi-pillared gaming and sports media group operating across some of the most innovative, fast-growing, and future-focused sectors in the UK.
RISC Zero($40.00M) | RISC Zeros area of expertise is zero-knowledge proofs, an authentication method that enables information to be verified without revealing its contents — with participation from Alchemy, Algaé Ventures, Bain Capital Crypto, Blockchain Capital, Cota Capital, D1 Ventures, Delphi Digital, Fenbushi Capital, Galaxy Digital, Geometry, IOBC Capital, IOSG Ventures, Jinglan Wang, Maven 11 Capital, Meltem Demirors, RockawayX, Zero Dao
The data presented is based on information extracted from CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.
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