The latest edition of Cointelegraph’s VC Roundup highlights the funding rounds of several cryptocurrency startups in January 2024. Here are the key takeaways:
– Smart contract platform Axiom raised $20 million for data authentication on-chain.
– Portal secured $34 million in seed funding for Bitcoin atomic swaps.
– Crypto exchange HashKey became a unicorn after raising nearly $100 million in a Series A funding round.
– Solana Foundation picked Colosseum to manage its accelerator program, which seeds startups with a $250,000 investment.
– Kiln closed a $17 million funding round for APAC expansion and product development.
– Digital Infrastructure Inc raised $11.5 million for its car network.
– Pontem closed a $6 million round for Move VM platform development.
– P0 launched with $6.5 million in funding for software issue identification using Generative AI.
These funding deals highlight the continued interest and investment in the cryptocurrency and blockchain industry, despite liquidity constraints and high-interest rates. Startups in various sectors, including data authentication, car networking, and software issue identification, are receiving substantial support from venture capitalists.
