TLDR:
- Venture capitalists are investing more money into fewer deals in the crypto sector.
- Bridge raised $58 million, Edge Matrix Chain raised $20 million, and several other startups secured funding.
Venture capitalists are investing more money into fewer deals in the crypto sector, according to the latest VC report from London-based analytics firm, GlobalData. The U.S. saw a 2.4% increase in total VC funding raised by startups from January to July, with a 41% decline in deal volume. The U.S. is leading the global VC landscape, surpassing China and Europe, driven by a surge in deals exceeding $100 million.
This year’s exceptions in the crypto sector include Bridge, a global stablecoin payment network, raising $58 million, and Edge Matrix Chain, specializing in multi-chain artificial intelligence infrastructure, securing $20 million. Other startups that raised funding include Space and Time, Solayer Labs, Gameplay Galaxy, Myco io, and Double Jump Tokyo.
Overall, over $141 million was raised between Aug. 25 and Aug. 31 in the crypto sector, showing continued investor interest and support for innovative projects.
