Crypto venture capital funding is hot in 2023 as digital assets have seen a surge since the start of the year.
Despite showing slower funding levels than in 2022, crypto VCs are still active in the space and funding the next generation of crypto companies.
We’ve put together the top 10 crypto startup rounds of the year! Discover the crypto companies paving the way.
1. Blockstream – $125M
Blockstream, one of the leading Bitcoin infrastructure companies in the industry, raised $125M to expand its institutional offerings and finance Bitcoin mining co-location services.
Kingsway Capital led the funding round, with Fulgur Ventures participating.
2. QuickNode – $60M
QuickNode, a leading Web3 infrastructure provider, has raised a new $60 million Series B, valuing the company at $800M.
QuickNode is building the necessary infrastructure, including from an enterprise-grade point of view, to support the next levels of blockchain adoption.
3. Carbonplace – $45M
Carbonplace, an UK-based blockchain carbon credit startup, just raised $45M from its 9 founding banks to strengthen its platform and team.
4. Candy Digital – $38M
NFTs are booming again!
Candy Digital, a top NFT platform, just raised $38M in an extended Series A round, with intentions to raise over $65M in total.
The proceeds will be used to develop its platform while establishing partnerships with key brands.
5. Plai Labs – $32M
Web3 meets AI in hopes of creating decentralized social platforms.
Plai Labs raised $32M in a new seed funding round to build that vision, with the investment being led by a16z.
6. SIMBA Chain – $30M
SIMBA Chain is revolutionizing logistics with blockchain.
The company just received $30M in strategic funding from the U.S. Air Force (USAF) to fulfill that vision.
7. Carry1st – $27M
Carry1st just raised $27M in a new round to expand its mobile games into Africa, a region primed for adoption.
The round was led by Bitkraft Ventures, with Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy participating.
8. The =nil; Foundation – $22M
The =nil; Foundation is building a range of zero-knowledge developer tools while making them easier to build and more decentralized.
The company just raised $22M to build its marketplace in a round led by Polychain Capital.
9. CyberX – $15M
CyberX, a leading Singapore-based crypto market maker, received a strategic funding round of $15M led by Foresight Ventures.
The company aims to use the proceeds to expand into Asia and North America and boost its integration, liquidity, pricing, and infrastructure.
10. Parfin – $15M
Parfin, a Brazil-based Web3 infrastructure provider, just raised a new $15M in seed funding led by Framework Ventures.
The funds will be used to build more of its product suite and launch new solutions.
=10. Ulvetanna – $15M
Ulvetanna, a zero-knowledge-proof (ZKP) company, raised a new $15M seed round led by Bain Capital Crypto and Paradigm, with the participation of Jump Crypto, valuing the company at $55M.
The company is in pre-production, using the funds to expand its team and invest in hardware.
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Disclaimer: All the information provided above is for informational purposes only and should not be considered as professional investment, legal, or tax advice. You should conduct your own research or consult with a professional financial advisor when investing.