Crypto Funding Surges with $402.25M Raised: Bitstamp, Avail, and DeFi Lead the Way

Last week, the crypto ecosystem saw a total of $402.25M raised across 19 rounds. This represents a 14.57% increase in funds raised but a 34.48% decrease in the number of rounds compared to the previous week.

Biggest Rounds

Bitstamp, CeFi with $200.00M raised from Robinhood. Bitstamp owns and operates a digital currency marketplace.

Avail, Chain with $43.00M raised from Founders Fund, Mirana Ventures, HashKey Capital, and others. Avail is a decentralized data availability layer designed to support next-gen blockchain apps and sovereign rollups.

M^ZERO, DeFi with $35.00M raised from Wintermute, GSR, AlphaLab Capital, and others. M^ZERO is a decentralized money middleware protocol enabling institutional actors to issue a fungible cryptodollar.

The Sandbox, GameFi with $20.00M raised from Kingsway Capital, Animoca Brands, LG Technology Ventures, and others. The Sandbox is a Play-to-Earn game that uses blockchain, DeFi, and NFTs in a 3D metaverse.

XREX, CeFi with $18.75M raised from Tether. XREX is a blockchain-enabled financial institution offering enterprise-grade banking services to SMBs and user-friendly financial services globally.

Most Interesting Categories

CeFi, with $218.75M raised in 2 rounds. This is an increase from $170.30M raised in 5 rounds last week.

Chain, with $58.00M raised in 2 rounds. This is a decrease from $98.50M raised in 5 rounds last week.

DeFi, with $35.00M raised in 1 round. This is a slight increase from $34.20M raised in 6 rounds last week.

Most Active Investors

HashKey Capital, participated in 4 rounds, focusing on categories: Chain, Blockchain Service, Social, Social.

Foresight Ventures, participated in 3 rounds, focusing on categories: Chain, Chain, Blockchain Infrastructure.

GSR, participated in 3 rounds, focusing on categories: DeFi, Chain, Social.