Summary:
TLDR:
- Web3 startups raised over $1.1 billion in July from venture capitalists.
- New ways of raising capital are emerging as investors regain confidence in the crypto ecosystem.
In July, Web3 startups secured over $1.1 billion in funding from venture capitalists, indicating a growing trend of investment in the crypto space. The market is experiencing increased liquidity, leading investors to explore new opportunities for capital raising. Lightning Ventures, for example, launched Thunder Funder, a regulated crowdfunding portal allowing companies to offer securities through crowdfunding up to $5 million annually. This initiative aims to provide retail investors access to traditionally inaccessible investment markets.
Some notable startups that received funding in July include Pichi Finance, which raised $2.5 million in seed funding for its trustless points trading protocol. Sybill secured $11 million for its AI-sales assistant platform, while Hyperbolic received $7 million in seed funding for its AI cloud platform. Raad Labs closed a $2.25 million funding round for its blockchain climate tech solution, and OKX Ventures invested in zkLink for liquidity aggregation.
Overall, the investments in Web3 startups in July highlight the growing interest and support for innovative projects in the crypto space. As the market continues to evolve and expand, it is likely that more startups will attract significant funding from venture capitalists looking to capitalize on the potential of blockchain technology and decentralized finance.
