Crypto Funding Drops 14.56%: DeFi, Social, and Blockchain Infrastructure Lead Investments

Last week saw a total of $96.20M raised across 16 rounds. This marks a -14.56% decrease in funds raised and a -11.11% decrease in rounds compared to the previous week.

Most Active Investors

Electric Capital participated in 3 rounds, focusing on DeFi, Blockchain Infrastructure, and Social.

Big Brain Holdings also participated in 3 rounds, targeting Chain, GameFi, and DeFi.

Canonical Crypto invested in 2 rounds, concentrating on DeFi and Blockchain Infrastructure.

Most Interesting Categories

DeFi raised $27.20M in 5 rounds, down from $38.00M in 2 rounds the previous week.

Social raised $23.40M in 3 rounds, down from $26.40M in 4 rounds the previous week.

Blockchain Infrastructure raised $16.70M in 2 rounds, down from $19.30M in 5 rounds the previous week.

Biggest Rounds

Renzo, DeFi with $17.00M raised from Figment Capital, Antalpha Ventures, Protagonist, L2 Iterative Ventures (L2IV), Maven 11 Capital, ConsenSys, Bankless, SevenX Ventures, 280 Capital, Karatage, Brevan Howard Digital, Galaxy. Renzo simplifies restaking on EigenLayer, introducing "ezETH" for automatic reward capture and liquidity.

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 aims to revolutionize value distribution and user identity across multiple 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 other modular products.

Sonic, Chain with $12.00M raised from OKX Ventures, Mirana Ventures, Big Brain Holdings, Sanctor Capital, Sky9 Capital, Galaxy Interactive, Bitkraft Ventures. Sonic is a gaming chain on Solana with HyperGrid architecture for game development.

StarNest, Social with $6.00M raised from Doo Group, Chuangqi International Limited. StarNest is a Web3 music platform creating a decentralized entertainment ecosystem through land NFTs and the NEST token.