This report offers an overview of the fundraising deals within the global crypto market in June 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 June, the total number of crypto fundraising deals was 99, a decrease of -19.51% from the 123 in May 2023; the total financing in June was US$1.25B, a -17.86% decrease from the previous month. 11.11% of the crypto projects are in the Series C series stage. From the perspective of fundraising scale, there were 21 projects fundraising above $10M, which has decreased -19.23%, compared to May 2023. 2 projects of fundraising above $100M, which remain the same, compared to May 2023. By geography, a total of 18 projects founded in the United States of America received $215.75M, 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, Australia, and Spain.
Crypto Fundraising Deal Count by Sector
In June, out of the 99 projects that were successfully financed, 38 of them were Web 3.0 projects, constituting 38.38% of the total projects. These projects raised a total of US250.74M, which is 38.38% of the total funds raised that month. This amount is US$79.71M higher than the funds raised in May 2023.
Out of the 99 Web 3.0 projects, the most relevant are those related to the Gaming category, with 9 being in the Gaming category and 4 in the AI category.
In addition to Payment, Privacy, Data, and DApp, other categories of related Web 3.0 projects.
In June, a total of 18 projects involving blockchain infrastructure received $252.69M in funding, representing 20.19% of all financing.
There were 14 DeFi-related projects, making up 14.14% of all financing projects in June. The total amount of DeFi-related projects raised was $48.16M, representing 3.85% of the total financing, this was a decrease -25.22% compared to May 2023.
On June, 5 CeFi projects were funded, comprising 5.05% of the total number of financing projects. Altogether, these projects raised $50.80M, which was 4.06% of the total financing in June, representing a -53.15% decrease from May 2023.
Additionally, there were 12 NFT projects that received a total of $22.08M in financing. Representing 1.76% of all financing, this was a decrease of -79.82% compared to May 2023.
Crypto Fundraising Deal Count by Transaction Type
The majority of raised funds for the crypto market come from Series C rounds, the total amount is $367.00M in June. The aggregate deal value of Series C for June is higher than the previous month by 100%. The biggest Series C round fundraising is $270.00M, when Cohere gets funding in June 2023.
Number of Investments by Investors
In June, Binance Labs had the most investments, with a total of 9 projects, including 6 Web3, 2 DeFi, and 1 Infrastructure project.
Also, Polygon has invested in 6 projects, with 2 of those investments going towards Web3 projects, 3 towards NFTs projects, 2 towards Web3 projects, 2 towards Infrastructure projects, and 1 towards DeFi projects. Other investment institutions\VC funds such as Infrastructure, DeFi, etc. also invested in more than one project in June.
Top 5 Crypto Fundraising Deals In June
Cohere($270.00M) | Cohere, a leading pioneer in language AI, empowers every developer and business to build incredible products with world-leading natural language processing (NLP) technology while keeping their data private and secure — with participation from DTCP, Index Ventures, Inovia Capital, Mirae Asset Global Investments, Nvidia, Oracle, Salesforce Ventures, Schroders Capital, SentinelOne, Thomvest Ventures
Islamic Coin($200.00M) | Islamic Coin — purposeful community crypto asset — with participation from ABO Digital
Celestial AI($100.00M) | Celestial AI is the creator of the Photonic Fabric, an optical interconnect technology platform for compute and memory — with participation from IAG Capital Partners, Koch Disruptive Technologies, Xora Innovation fund
Thunes($60.00M) | Thunes is a cross-border payments platform that is building a global payment infrastructure for a better payment experience.With a single, simple connection to Thunes APIs, your business and customers can send payments to — and accept payments in — every corner of the world — with participation from 01Fintech, Bessemer Venture Partners, Marshall Wace
Gensyn($43.00M) | The Gensyn network is the Machine Learning Compute Protocol that unites all of the worlds compute into a global machine learning supercluster, usable by anyone at any time — with participation from 7percent Ventures, Andreessen Horowitz(a16z), Canonical Crypto, CoinFund, CoinFund, Counterview Capital, Eden Block, Eden Block, Entrepreneur First, Galaxy Digital, Hypersphere Ventures, Id4 Ventures, Jsquare, Maven 11 Capital, Protocol Labs, Zee Prime Capital
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.
Source: https://www.coincarp.com/fundraising/