You’ve no doubt heard the expression, follow the money. Well, if you do that in the venture capital world, you’ll be led directly to crypto, blockchain and digital assets. After a modest summertime lull in venture financing, this week saw the announcement of two massive raises worth a combined $500 million. That’s $500 million VCs are allocating to crypto-focused startups at the intersection of Web3, blockchain infrastructure and decentralized communities.
If you think funding deals have stopped amid the bear market, think again. I mentioned “summertime lull” at the outset, but that doesn’t mean funding has stopped. There are so many deals, in fact, that I’ve had to start a separate series called VC Roundup just to keep track. Data from Cointelegraph Research also shows that Q2 funding deals were just as big as the first quarter in dollar terms.
CoinFund launches $300M early-stage Web3 venture fund
Blockchain VC Shima Capital debuts with $200M Web3 fund
Samsung (KS:005930) revealed as most active investor in blockchain since September
Former JPMorgan (NYSE:JPM), Barclays (LON:BARC) execs on why crypto jobs attractive even in bear market
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