Research Summary
- During the week of July 9-15, 2023, 15 blockchain startups raised a total of $75.5M in funding, distributed across different investment rounds including Series A, Seed, Pre-seed, and Unknown rounds.
- Sound.xyz secured $20M in a Series A funding round, focusing on enabling musicians and artists to create digital collectibles through an open-source framework powered by web3 technology.
- Artela raised $6M in a Seed round to further its blockchain network that enables developers to create decentralized applications (dApps) with user-defined native extensions.
- Ion Protocol, a decentralized lending platform, raised $2M in a Pre-seed round, focusing on depositing Liquid Staking Tokens (LSTs) and staked asset-backed positions as collateral.
- Get Protocol secured $4.5M in a Seed round for its blockchain-based ticketing solution utilizing NFTs for secure and transparent ticketing.
- Giza is developing a trustless protocol for decentralized machine learning and raised $3M in a Pre-seed round.
- Olympix, a Web3 cybersecurity software company, raised $4.3M in a Seed round for its static analyzer that identifies vulnerabilities.
- Ambient Finance raised $6.5M in a Seed round for its decentralized exchange (DEX) protocol that combines concentrated and ambient constant-product liquidity.
- Gondi, a decentralized non-custodial NFT lending protocol, raised $5.4M in a Seed round to create an efficient NFT credit market.
- Narval secured $4M in a Seed round for its usage platform for Web3 wallets, providing organizations with secure and customizable solutions for managing digital assets.
- LunarCrush, a social analytics and trading platform, raised $5M in a Series A round to leverage machine learning for crypto investment insights.
- Alluvial, an enterprise-grade liquid staking protocol, raised $12M in a Series A round to enable tokenholders to earn rewards from staked digital assets.
- Cloudburst, a cybersecurity company specializing in threat intelligence, raised an undisclosed amount to combat market manipulation and fraud in the cryptocurrency space.
Actionable Insights
- Investment Opportunities: The report highlights a diverse range of investment opportunities in blockchain startups, focusing on various sectors such as digital collectibles, decentralized applications, lending platforms, cybersecurity, decentralized exchanges, and more.
- Technology Advancements: Several startups are innovating in areas like web3 technology, decentralized machine learning, NFT lending, and liquid staking protocols, indicating potential growth areas in the blockchain ecosystem.
- Market Trends: The report reflects a strong interest in blockchain startups, with significant funding across different stages, signaling confidence and growth potential in the blockchain and cryptocurrency industry.
