Crypto Industry Lands $317M in Venture Capital Deals in Early June

As of mid-June, 37 venture capital deals and fundraising events have taken place in the crypto sector. These investments have collectively reached $317.87 million, with Avail, a modular blockchain project, securing the highest amount at $43 million.

37 Crypto Startups and Projects Gather $317 Million

Crypto investments are surging, with 37 startups and projects securing $317.87 million in the past two weeks, according to Leading the charge, Avail, a modular blockchain project, raised $43 million in a funding round led by Cyber Fund, Founders Fund, and Dragonfly. Hot on its heels, decentralized stablecoin minting project M^0 secured $35 million in a Series A round spearheaded by Bain Capital Crypto, with support from GSR, Wintermute Ventures, and Galaxy Ventures.

Nexus Laboratories, a leader in zero-knowledge cryptography, ranked third by raising $25 million in a Series A round co-led by Lightspeed Venture Partners and Pantera Capital, with additional investments from Dragonfly, Faction Ventures, and Blockchain Builders Fund.

Other significant rounds included XREX, Layer 3, Fhenix, Squads, and Goplus. At the lower end of the 37 deals were Nexus Network, Qiro Finance, Honeypot Finance, Starpower, and Bitball. The first half of June showcases the crypto market’s robust appeal, with diverse projects drawing substantial venture capital from top-tier investors.


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