Venture Capital Is Bullish On All Fronts

Key Takeaways

  • Venture capital firms took a shotgun approach to investing this week, raising just over $1 billion in total for investments across the crypto space, focusing heavily on NFTs, Infrastructure, and Centralized Finance (CeFi) projects. NFT projects raised $240 million, infrastructure saw $239 million, CeFi raked in $324 million, and DeFi and Metaverse raised $33 million and $45 million, respectively. Acquisition activity was also high, with OpenSea and BitMEX eyeing other companies’ capabilities to enhance their own platforms and product offerings.
  • Active investors this week include Animoca Brands, Three Arrows Capital, and Tiger Capital
  • Deal of the Week: Rain Financial raised $110 million to kickstart a global expansion roadmap beyond MENA, leveraging institutional relationships to bring new institutional capital into crypto.
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