TLDR:
– HashKey Capital leads $15 million seed funding for Lava Network.
– Venture funding for cryptocurrency businesses reached $1.9 billion in the fourth quarter of 2023.
HashKey Capital emerged as the main backer of Lava Network’s seed financing, which raised $15 million for its first round. Lava Network announced that it would be raising $15 million in a seed round before making its mainnet live. The funding round was also co-led by Jump Capital and Tribe Capital, with other participants including North Island Ventures, Dispersion Capital, Alliance DAO, and more. HashKey Capital was revealed to be one of the most active venture capital firms in the crypto field, with 321 investments in the cryptocurrency space. The firm has also expanded globally, recently obtaining a license to operate in Singapore. This comes at a time when venture funding for businesses in the cryptocurrency space reached $1.9 billion in the fourth quarter of 2023, marking a 2.5% increase from the previous quarter after two years of decline.
