Blockchain Funding Plummets 72%: Electric Capital Leads Amid DeFi and Social Investments

Last week saw a total of $112.80M raised across 18 rounds, reflecting a -72.42% decrease in funds and a -14.29% decrease in rounds compared to the previous week.

Most Active Investors

Electric Capital led the pack, participating in 4 rounds. Their focus was on Blockchain Infrastructure, Blockchain Service, Social, and DeFi.

Mert Mumtaz participated in 2 rounds, focusing on Blockchain Infrastructure and Blockchain Service.

Big Brain Holdings also participated in 2 rounds, with a focus on GameFi and DeFi.

Most Interesting Categories

Blockchain Infrastructure raised $41.70M across 3 rounds, a significant drop from last week's $218.75M in 2 rounds.

DeFi saw $24.30M raised in 6 rounds, down from $58.00M in 2 rounds last week.

Social raised $20.40M in 3 rounds, compared to $36.68M in 5 rounds last week.

Biggest Rounds

[Project Name], Blockchain Infrastructure raised $25.00M from DragonFly Capital, Blockchain Founders Fund, Faction, Pantera Capital, Lightspeed Venture Partners.

[Project Name], Social raised $15.00M from Immutable, King River Capital, Amber Group, Tioga Capital Partners, Leadblock Partners, Electric Capital, Lattice, ParaFi Capital, Greenfield Capital.

[Project Name], Blockchain Infrastructure raised $13.00M from Sandeep Nailwal, Fabric Ventures, Mert Mumtaz, Dovey Wan, BlackDragon, Robot Ventures, Sreeram Kannan, Sam Kazemian, Jordi Alexander, Canonical Crypto, DeFi Dad, Lyrik Ventures, AlphaLab Capital, Near Foundation, Electric Capital.

[Project Name], Blockchain Service raised $10.00M from Mert Mumtaz, Coinbase Ventures, Placeholder Ventures, RockawayX, L1 Digital, Electric Capital.

[Project Name], DeFi raised $10.00M from Shima Capital, Taisu Ventures, Bing Ventures, Bloccelerate, Electric Capital.