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June 9, 2024
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Venture Capital News: Avail, M^0, Sandbox Secure Millions in Funding

VC Roundup Summary


Key Points:

  • 21 startups raised $399.7 million in VC funding in the blockchain space from June 2 to June 8.
  • Avail secured $43 million, M^0 raised $35 million, and The Sandbox received $20 million in funding.

In the week of June 2 to June 8, 21 startups in the blockchain space raised a total of $399.7 million from venture capital firms and angel investors. The funding rounds included various series A, seed, and private rounds, with notable contributions from companies like Avail, M^0, The Sandbox, Tether, Glacier Labs, Mint Blockchain, Everclear, Stashh Labs, and Halo Wallet.

Avail, a data availability network, led the funding race with $43 million in a series A round. M^0, a decentralized stablecoin minting protocol, secured $35 million in a series A round, while The Sandbox, a metaverse and web3 gaming company, raised $20 million. Other significant funding rounds included Tether’s investment in XREX Group, Glacier Labs and Mint Blockchain raising a combined $13 million, Everclear securing $5 million, and Stashh Labs and Halo Wallet collectively raising $6.3 million.

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