Cryptocurrency Industry Raises 317 Million in Venture Capital Funding in Early June

Crypto sector sees 37 startups and projects raise $317 million in funding
Venture capital deals and fundraising events in the crypto sector have been buzzing in the first half of June, with a total of 37 startups and projects securing a whopping $317.87 million in investments. Leading the pack is Avail, a modular blockchain project, which raised an impressive $43 million in funding.
According to data from crypto-fundraising.info, Avail's funding round was backed by prominent investors such as Cyber Fund, Founders Fund, and Dragonfly. Following closely behind is the decentralized stablecoin minting project M^0, which secured $35 million in a Series A funding round, with Bain Capital Crypto taking the lead.
GSR, Wintermute Ventures, and Galaxy Ventures also participated in funding M^0, while Nexus Laboratories, known for its expertise in zero-knowledge cryptography, raised $25 million in a Series A round co-led by Lightspeed Venture Partners and Pantera Capital, with contributions from Dragonfly, Faction Ventures, and Blockchain Builders Fund.
Other noteworthy funding rounds include those of XREX, Layer 3, Fhenix, Squads, and Goplus. On the lower end of the spectrum, Nexus Network, Qiro Finance, Honeypot Finance, Starpower, and Bitball also secured funding. The diversity of projects receiving backing from investors highlights the continued interest in the crypto market.
What are your thoughts on the recent funding of these crypto projects? Feel free to share your opinions in the comments section below.