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- 1 Crypto funding slipped significantly in the past 30 days Rootdata data shows.
- 2 Animoca Brands has raised the highest amount in the past 30 days in the gaming category.
- 3 Ekubo Protocol was funded by Uniswap when it raised $12 Million in funding.
Crypto funding significantly declined in the past 30 days and the total amount that has been gathered in this duration is $420.78 Million. A decline in the number of total funding rounds is also observed.
The average fund raised in a single round is $7.01 Million which is 13.6% less than the average amount month ago. Since the second quarter of 2022, September 2022 was the month in which the total funds raised in a month were above $1.80 Billion.
Animoca Brands has raised the highest number of funds in the past 30 days. The total amount that the company has raised in the strategic funding round is $50 Million. Followed by Blockaid which raised $27 Million in series- A funding.
Fuse Capital, OP Crypto, C2 Ventures and ABCDE Capital were the investors who participated in the funding rounds that occurred in the last week of October 2023.
However in terms of portfolio size, Coinbase Ventures has the highest number of investments in the crypto industry followed by Animoca Brands with an investment in 274 companies and LD Capital has invested in 260.
Investments in the DeFi category declined and a surge was seen in the infrastructure category in the past 30 days. 8 games companies raised funds in the crypto sector since last month and only 1 centralized finance gathered funds.
Rootdata states that over 502 crypto projects are based in the United States, Chinese Mainland 96, Britain 96, Singapore 151, Hong Kong has more than 60 crypto projects registered in their region.
Major Projects that Raised Funds in Past 30 Days
SynFutures raised $22 Million in Series-B funding and gathered the funds from Pantera Capital, Susquehanna International Group and Haskey Capital. Untangled received $13.5 Million from Fasanara Capital, Ekubo Protocol was funded by Uniswap when it raised $12 Million in funding.
Satang has raised $103 Million in an M & A round which was funded by K-Bank, Membrane raised $20 Million in series-A funding and was backed by QCP Capital and GSR.
Animoca Brands was funded by Neom Investment Fund. Moonveil Entertainment raised $5.4 Million and gained backing from gumi Cryptos Capital, Arcane Group and many others.
As per the market analysts, the surge or decline in crypto funding is totally based on the demand and supply of crypto products. It is important to note that the surge in registration of crypto projects surged in the past few years as the craze of crypto is luring more and more investors.
Disclaimer
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 or stock 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.
