TLDR:
- Venture capitalists are investing heavily in blockchain startups, with companies like Paradigm and Pantera Capital raising billions for new funds.
- Tether plans to invest $1 billion in startups focusing on emerging markets, artificial intelligence, and biotech in the next year.
Venture capitalists are showing increased interest in funding for crypto and blockchain startups, with several notable investments and funding rounds taking place in the past two weeks. Paradigm closed a third fund worth $850 million to invest in early-stage crypto projects, while Pantera Capital is seeking over $1 billion for a new fund that will offer exposure to a “full spectrum” of blockchain assets by 2025.
Additionally, Tether plans to invest another $1 billion in startups in various sectors such as emerging markets, artificial intelligence, and biotech over the next 12 months. Tether’s VC arm has already spent approximately $2 billion in the past two years on technologies like AI and alternative financial infrastructure.
Several startups have also received significant funding recently. Plural Energy secured $2.33 million for its on-chain renewable energy investment platform, while Everclear (formerly Connext) received $5 million from Pantera Capital to support its decentralized autonomous organization (DAO). Ava Protocol raised $10 million for Web3 automation, and OKX Ventures made a strategic investment in blockchain security firm GoPlus.
Radian Arc secured $9 million in Series B funding led by Bitkraft Ventures, Ouinex raised over $5 million in token sales, and Blueberry Protocol received $2.5 million in Series A funding led by White Star Capital. These investments highlight the growing interest and support for blockchain and crypto startups in the venture capital world.
