Crypto Investments Plummet 72%: Electric Capital Leads in Blockchain and DeFi Funding

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

Most Active Investors

Electric Capital participated in 4 rounds, making it the most active investor. 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 invested in 2 rounds, concentrating on GameFi and DeFi.

Most Interesting Categories

Blockchain Infrastructure raised $41.70M in 3 rounds, compared to $218.75M in 2 rounds last week.

DeFi raised $24.30M in 6 rounds, compared to $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

Nexus Laboratories, Blockchain Infrastructure with $25.00M raised from DragonFly Capital, Blockchain Founders Fund, Faction, Pantera Capital, Lightspeed Venture Partners. Nexus is an open-source platform enhancing digital interactions with a focus on correctness, transparency, and security.

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 an 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 develops NEAR's Data Availability Layer and other products in the NEAR modular suite.

Squads, Blockchain Service with $10.00M raised from Mert Mumtaz, Coinbase Ventures, Placeholder Ventures, RockawayX, L1 Digital, Electric Capital. Squads Protocol builds tools for web3 teams to manage treasuries and program upgrades in an easy-to-use interface.

Ava Protocol, DeFi with $10.00M raised from Shima Capital, Taisu Ventures, Bing Ventures, Bloccelerate, Electric Capital. Ava Protocol offers intent-based infrastructure for private autonomous transactions across Ethereum and beyond, enabling efficient, automated cross-chain transactions.