Blockchain Investment Drops 72% as Electric Capital Leads in Active Rounds

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

Most Active Investors

Electric Capital, participated in 4 rounds, making it the most active investor in this space. Their focus last week was on categories: Blockchain Infrastructure, Blockchain Service, Social, DeFi.

Mert Mumtaz, with 2 rounds, their focus was on categories: Blockchain Infrastructure, Blockchain Service.

Big Brain Holdings, who invested in 2 different rounds, focusing on categories: GameFi, DeFi.

Most Interesting Categories

Blockchain Infrastructure, with $41.70M raised in 3 rounds. Against $218.75M raised in 2 rounds last week.

DeFi, with $24.30M raised in 6 rounds. Against $58.00M raised in 2 rounds last week.

Social, with $20.40M raised in 3 rounds. Against $36.68M raised in 5 rounds last week.

Biggest Rounds

Nexus Laboratories, Blockchain Infrastructure with $25.00M raised from DragonFly Capital, Blockchain Founders Fund, Faction, Pantera Capital, Lightspeed Venture Partners. Nexus is open-source, modular, and extensible, optimizing prover performance and supporting custom computations.

Layer3, Social with $15.00M raised from Immutable, King River Capital, Amber Group, Tioga Capital Partners, Leadblock Partners, Electric Capital, Lattice, ParaFi Capital, Greenfield Capital. Layer3 is the omnichain distribution and identity network, revolutionizing value distribution and user identity across blockchains.

Nuffle Labs, Blockchain Infrastructure with $13.00M raised 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. Nuffle Labs builds NEAR's Data Availability Layer and Fast Finality Layer.

Squads, Blockchain Service with $10.00M raised from Mert Mumtaz, Coinbase Ventures, Placeholder Ventures, RockawayX, L1 Digital, Electric Capital. Squads Protocol provides tools for web3 teams to manage treasuries and program upgrades, facilitating efficiency for web3 businesses.

Ava Protocol, DeFi with $10.00M raised from Shima Capital, Taisu Ventures, Bing Ventures, Bloccelerate, Electric Capital. Ava Protocol is an intent-based infrastructure for private autonomous transactions, enabling cross-chain transactions based on signals such as time, price changes, and smart contract updates.