- 1 CryptoQuant has raised $6.5 Million in Series-A funding round.
- 2 CryptoQuant had raised $3 Million on August 04, 2021, which Galaxy Interactive, Youbi Capital, and Hashed led.
Crypto funding and institutional investors have seen a significant surge in the past few months. According to Rootdata, CryptoQuant has raised $6.5 Million in a Series-A funding round; in this fundraising, more than five global investors participated in backing the company.
Atinum Investment participated in the funding round and was the one to lead the Series-A funding round. The gathered funding will be used to boost the global presence of CryptoQuant and its team, and is also expected to back the company’s ecosystem and working mechanism.
As of now, the company has raised around $9.5 Million in two funding rounds. As per relevant data, CryptoQuant raised $3 Million on August 04, 2021, which Youbi Capital, Galaxy Interactive, and Hashed majorly led.
Other than CryptoQuant, numerous other companies have raised funding since the beginning of this month, including SuperSight, majorly funded by Animoca Brands, Next Gen Web3, and Druid Ventures.
On July 04, 2023, Web3Go raised $4 Million in the seed round and received funding from Hashkey Capital, NGC Ventures, Shima Capital, Big Brian Holdings, Archerman Capital, and Infinity Ventures Crypto.
Institutional Investor Backing Crypto by Funding
As per data from Rootdata(com), in the past 30 days, crypto-focused companies raised funding in more than 56 funding rounds. Moreover, fundraising has reflected a steep decline of 17.39%, and the total funds raised in 30 days slipped by 40.12%.
In the last month, the amount raised by crypto-focused companies was $444.29 Million. In Q1 2023, more than $2.40 Billion were raised in 336 funding rounds. Compared to Q1, fundraising has reflected a degradation pattern; the total amount gathered in Q2 was $2.17 Billion in 301 funding rounds.
Since the beginning of 2023, February has raised more funding than any other month as in this month, more than 110 funding rounds were conducted, which gathered approximately $630.99 Million.
In the past 18 months, the most funded month was September 09, 2022, in which 136 funding rounds occurred, and more than $1.84 Billion were raised from budding and established companies.
Some of the leading investors in the crypto industry are Coinbase Ventures, HashKey Capital, Shima Capital, Balaji Srinivasan, Spartan Group, Circle Ventures, Animoca Brands, Solana Ventures, Polychain, and DWF Labs, among numerous others.
Dozens of market analysts believe crypto funding has slipped in the last few quarters due to market volatility. Still, ignoring the volatility, giant investors are keenly interested in the crypto sector.
It is predicted that once the volatility is eradicated from the industry, investors will predominantly invest in budding and struggling crypto companies to support them.
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.