in August, the volume of venture capital transactions in the crypto industry grew by 40%


The volume of funds attracted by crypto firms following the results of investment rounds in August increased by 39.8% compared to July. Such data is provided by the RootData aggregator.

At the end of the month, venture investors participated in 75 rounds with a total volume of $769.2 million. This contrasts with the situation a year ago – 132 rounds and $1.54 billion.

The chart below shows the downward trend of both indicators over the annual horizon and the improvement in value terms over the past two months.

Data: Rootdata.

According to RootData, the jump in fundraising in August is driven by rounds of centralized platforms, with three companies raising $400 million, the most in the last year.

The second place was taken by the category of infrastructure projects ($79 million based on the results of 14 rounds), the third — DeFi ($47 million based on the results of 19 rounds).

Data: Rootdata.

Recall that in August, one of the landmark deals, along with the Ramp round ($300 million), was the attraction of $100 million by BitGo cryptocustodian at an estimate of $1.75 billion.

The third place in terms of funds received was the investment in the ZetaChain blockchain platform ($27 million).

The top 6 included Binance Labs’ allocation of $10 million to the Helio Protocol project to expand the liquid staking platform and the seed round of funding for the ZTX metaverse project ($13 million).

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!

Leave a Reply