This week saw prominent digital asset projects raising massive amounts of capital from various venture capital investors, as highlighted by Crypto Fundraising Rounds data reported today by market analyst TOP 7 ICO.
According to the data, these major projects came from crypto sectors, including centralized finance (CeFi), blockchain infrastructure, and blockchain service.
Top 10 Crypto Funding Deals This Week
QCEX
QCEX is at the top of the list because it raised the highest amount of fundraise. The crypto derivatives exchange raised a whopping $112 million from Polymarket.
Courtyard
Courtyard is second on the list as it raised the second-highest fundraise this week. The popular NFT platform raised $30 million in a series A funding round led by Forerunner Ventures, with participants including Burst Capital, Prelude, NEA, Y Combinator, ParaFi Capital, and others.
Bitzero
Bitzero is in the third position. The cryptocurrency mining company raised $25 million on Thursday this week, though investors were not revealed, as per the data. The firm stated that it will use the funding to advance its crypto mining operations.
Lightyear
Lightyear secured $23 million in a fundraising event organized by Nordic Ninja. The digital trading platform disclosed that it will utilize the funding to develop its trading offerings and launch new AI capabilities, seeking to offer an enhanced user experience.
xTAO
Fifth on the list is xTao, which raised $22.8 million from a funding event organized by major VC firms, including Animoca Brands, Digital Currency Group, among others.
Other Top Deals: Outlook of the Market
Other top crypto projects that raised substantial amounts of funds this week include Soluna, Poseidon, Capital B, DSRV Labs, and Gaia.
Digital currency exchange Soluna raised $20 million from Spring Lane Capital to start building Project Kati 1, a cryptocurrency mining project.
While digital asset firm Poseidon obtained $15 million from a16z crypto, BTC treasury firm Capital B secured $12.05 million in a funding round led by TOBAM.
Lastly, blockchain infrastructure firm DSRV Labs and crypto protocol Gaia raised $11.6 million and $6.5 million, respectively, during the week.
Investment rounds this week highlight a substantial milestone in cryptocurrency fundraising, with above digital asset projects securing an accumulative $227.95 million investment.
This is an indicator that investment of capital into crypto platforms has significantly increased, with such projects securing a whopping $10.03 billion in the last three months – April, May, and June. So far, this is the best-performing quarter since the first quarter of 2022, which recorded a gigantic $16.64 billion, according to CryptoRank metrics.
