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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Author: Ana Paula Pereira
