Crypto Funding Plummets 72%: Nexus Labs and Layer3 Lead with $112.80M Raised Across 18 Rounds
![Crypto Funding Plummets 72%: Nexus Labs and Layer3 Lead with $112.80M Raised Across 18 Rounds](/content/images/size/w1200/2024/06/be8035f0-2c29-4f24-bf67-5078f6cad2e6.png)
Last week, the crypto ecosystem saw $112.80M raised across 18 rounds. This marks a -72.44% decrease in funds raised and a -14.29% decrease in the number of rounds compared to the previous week.
Biggest Rounds
Nexus Laboratories, Blockchain Infrastructure with $25.00M raised from DragonFly Capital, Blockchain Founders Fund, Pantera Capital, Faction, Lightspeed Venture Partners. Nexus is open-source, modular, and extensible, optimizing prover performance and supporting custom computations.
Layer3, Social with $15.00M raised from Greenfield Capital, Immutable, King River Capital, Amber Group, Tioga Capital Partners, ParaFi Capital, Leadblock Partners, Electric Capital, Lattice. Layer3 is the omnichain distribution and identity network, revolutionizing value distribution and user identity across multiple blockchains.
Nuffle Labs, Blockchain Infrastructure with $13.00M raised from Sandeep Nailwal, Electric Capital, 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. Nuffle Labs builds out NEAR's Data Availability Layer and other products in the NEAR modular product suite.
Squads, Blockchain Service with $10.00M raised from Electric Capital, Mert Mumtaz, Coinbase Ventures, Placeholder Ventures, RockawayX, L1 Digital. Squads Protocol provides web3 teams tools to manage treasuries and program upgrades in one interface, facilitating on-chain business operations.
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 on Ethereum, enabling developers to schedule and automate functions across different blockchains.
Most Interesting Categories
Blockchain Infrastructure, with $41.70M raised in 3 rounds. Compared to $218.75M raised in 2 rounds last week.
DeFi, with $24.30M raised in 6 rounds. Compared to $58.00M raised in 2 rounds last week.
Social, with $20.40M raised in 3 rounds. Compared to $36.90M raised in 5 rounds last week.
Most Active Investors
Electric Capital, participated in 2 rounds, focusing on categories: Social, DeFi.
Electric Capital, with 2 rounds, focusing on categories: Blockchain Infrastructure, Blockchain Service.
Mert Mumtaz, invested in 2 different rounds, focusing on categories: Blockchain Infrastructure, Blockchain Service.