Blockchain Funding Soars: $620M Raised in 21 Rounds, Led by HashKey, OKX, and Polychain

cryptosummary

Jul 7, 2024 — 1 min read

Last week saw a total of $620.39M raised across 21 rounds. This marks a 122.76% increase in funds raised and a 31.25% increase in rounds compared to the previous week.

Most Active Investors

HashKey Capital participated in 4 rounds, focusing exclusively on Blockchain Service.

OKX Ventures also participated in 4 rounds, focusing on GameFi, Blockchain Service, and DeFi.

Polychain Capital took part in 4 rounds, with investments in DeFi, Blockchain Infrastructure, and Blockchain Service.

Most Interesting Categories

Blockchain Service raised $537.40M across 9 rounds, up from $165.20M in 4 rounds last week.

Blockchain Infrastructure raised $48.20M in 4 rounds, down from $77.90M in 6 rounds last week.

DeFi raised $17.95M in 3 rounds, compared to $20.00M in 1 round last week.

Biggest Rounds

Iris Energy, Blockchain Service with $413.40M raised from undisclosed investors. Iris Energy focuses on Bitcoin mining using renewable energy, supporting local communities and the global Bitcoin network.

Sentient, Blockchain Service with $85.00M raised from Dispersion Capital, Delphi Ventures, Arrington XRP Capital, and others. Sentient is an open-source AI development platform built on Polygon, aimed at solving AI proliferation issues.

Lombard, DeFi with $16.00M raised from Mirana Ventures, Robot Ventures, Foresight Ventures, and others. Lombard leverages Bitcoin in DeFi, aiming to create a universal standard for Bitcoin as a financial instrument.

RedStone, Blockchain Infrastructure with $15.00M raised from Selini Capital, Chorus One, Smokey, and others. RedStone is an Oracle providing updated, reliable data feeds for dApps and smart contracts on multiple blockchains.

Prodia, Blockchain Service with $15.00M raised from Index Ventures, Folius Ventures, Symbolic Capital, and others. Prodia is building a distributed network powered by GPUs to enhance cloud computing efficiency via web3 infrastructure.

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