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VC Roundup: Crypto fundraising grows, but investors are more wary

This edition of Cointelegraph’s VC Roundup features Parfin, Andrena, Blockscout, and Cartridge.

The crypto fundraising landscape experienced a notable increase in volume in July. According to data from Messari, month-over-month deal volume rose 72.9% to $1.44 billion, despite a slight drop in deal count to 177. Among venture firms, Pantera Capital and Mirana Ventures were behind the largest early-stage investments.

However, the growth comes amid increasing caution among venture capitalists. Adam Cochran of Cinneamhain Ventures noted that limited partners (LPs), primarily interested in outperforming index fund returns, are finding a better risk-reward ratio on Bitcoin (BTC) and Ether (ETH) holdings than on early-stage startups.

LPs are also increasingly concerned about returns. A recent survey by law firm Barnes & Thornburg revealed that investors are now more focused on liquidity and better earnings, with many pushing for more favorable financing terms.

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

20 Crypto Startups Raise $141.3 Million in Less Than 2 Weeks 

20 Crypto Startups Raise 1.3 Million in Less Than 2 Weeks In the first 12 days of Aug., $141.3 million has flowed into crypto, defi, and blockchain ventures, according to recent metrics. Morpho, a decentralized lending developer, accounted for roughly 35.38% of the total funds raised across 20 different projects. $141.3 Million Floods Into 20 Crypto Startups and Projects Even with the crypto markets experiencing a […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Crypto Venture Money Rises in Second Quarter – But Number of Deals Shrinks: Report

Crypto Venture Money Rises in Second Quarter – But Number of Deals Shrinks: Report

Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previous quarter but a nearly 10% decline compared to last year. Deal activity, however, fell by 12.5% from the first quarter. The digital asset market […]

The post Crypto Venture Money Rises in Second Quarter – But Number of Deals Shrinks: Report appeared first on The Daily Hodl.

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Hamster Kombat Rejected Numerous Venture Capital Investments; Players Will Not Become ‘Exit Liquidity’

Hamster Kombat Rejected Numerous Venture Capital Investments; Players Will Not Become ‘Exit Liquidity’Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report Says

Saudi Arabia Becoming Hub for Web3 Startups Seeking Investment, Report SaysSaudi Arabia’s emergence as a top venture capital investment destination in the Middle East and North Africa offers an opportunity for Web3 startups seeking funding. However, the latest Adaverse report acknowledges that the Saudi Web3 industry faces challenges requiring collaboration among key stakeholders to overcome. The report urges Saudi authorities to establish clear, comprehensive regulations […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 Advocate

Solana Token’s Rally Reflects Protocol’s Potential, Says Web3 AdvocateThe seemingly fundamentals-defying surge of Solana’s native token, SOL, may reflect the project’s potential rather than its current technical performance, according to Chris Zhu, the CEO of Sonic. To support this assertion, Zhu highlights Solana’s ecosystem growth despite recent outages. Solana Stress Tests Lead to Upgrades and Improvements Nevertheless, in his written responses shared with […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

VC Roundup: Investments in Web3 startups top $1B in July

This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink.

Web3-based startups raised more than $1.1 billion from venture capitalists across 118 deals in July, according to data available on Rootdata. 

As the market experiences more liquidity and investors regain confidence in the crypto ecosystem, new ways of raising capital keep emerging. Lightning Ventures, for instance, recently announced the regulated crowdfunding portal Thunder Funder, which allows eligible companies to offer and sell securities through crowdfunding up to $5 million annually.

Along with bootstrapping startups, the fund seeks to offer opportunities to individuals, especially retail investors, in largely inaccessible investment markets. Thunder Funder’s parent company, LTNG Ventures Inc., has closed a $500,000 pre-seed funding round to back the initiative. The fund will initially focus on open-source and Bitcoin-related projects.

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Binance Labs invests in liquid staking platform aPriori

The deal comes amid a flurry of investment in aPriori’s native blockchain network, Monad.

Binance’s venture capital arm has invested in aPriori, a liquid staking protocol on the Monad network focused on miner extractable value (MEV), according to a July 30 announcement. 

The deal comes amid a flurry of investment in layer-1 network Monad and its surrounding decentralized finance (DeFi) ecosystem.

Related: Movement Labs joins Polygon Agglayer, bags $160M TVL commitment for mainnet

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – Report

Africa’s Blockchain Funding Drops to 1.3% in 2023, Deal Share Rises – ReportIn 2023, Africa’s share of global blockchain venture deals rose marginally to 1.3%, but the continent’s total funding dropped from 1.6% to 1.3%. Only South America’s share of blockchain funding ranks below Africa’s share. The continent achieved an all-time high in blockchain venture funding deal share, accounting for 6.4% of all venture funding and 12.5% […]

Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC

Outlier Ventures, Morgan Creek Digital launch Web3 Latam accelerator program

The selected teams will receive investment funding and mentorship. The 12-week virtual program includes support in English, Spanish, and Portuguese.

Outlier Ventures and Morgan Creek Digital have teamed up to launch their first accelerator program in Latin America. 

According to a July 18 announcement, the chosen teams will receive up to $200,000 in investment funding along with three months of mentorship from industry experts in exchange for 6% equity or future token supply.

Other perks include token engineering support, an optional $30,000 interest-free repayable loan to help with initial legal costs and access to a network of investors.

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Greedy L2s are the reason ETH is a ‘completely dead’ investment: VC