Tuesday, July 16, 2024

Blockchain infrastructure, data analytics and BTC for DeFi catching investors’ attention

The second month of 2024 has supplied stable prospects for crypto enterprise capital. The beginning of February witnessed $16 million in funding secured by the cross-chain protocol Analog, alongside one other $15 million in capital allotted to the Lava Protocol.


Additionally making headlines within the various funding area are non-public fairness companies Deus X Capital and Bridgetower Capital. The businesses are launching a new $250 million crypto infrastructure platform devoted to institutional traders within the Center East.

Enterprise capitalists are additionally looking for direct publicity to cryptocurrencies. Peter Thiel’s Founders Fund reportedly pumped $200 million into Bitcoin and Ether in 2023, as hypothesis of a pending approval for spot Bitcoin exchange-traded funds (ETFs) ramped in the USA over the previous 12 months.

Cointelegraph’s VC Roundup options some startups that raised capital within the first half of February.

Lava Community raises $15 million in seed funding for modular community

Lava Protocol has raised $15 million in a seed spherical led by Soar Capital, Hashkey Capital and Tribe Capital. The funding comes only a few months earlier than its mainnet launch within the spring and shall be used to assist Lava’s modular community.

The platform seeks to make communication between protocols simpler by way of RPC requests, or Distant Process Name. In response to Lava’s staff, the present panorama for blockchain infrastructure is very fragmented and complicated, requiring builders to make trade-offs about what they construct.

“For a very long time, infrastructure suppliers determine which chains to serve — they management the keys to all of the doorways. Builders use Lava to construct no matter, wherever,” famous Lava’s founder Yair Cleper in an announcement.


Different traders within the spherical included Alliance, Node, North Island, Quiet, Finality, and Dispersion Capital, along with validators, ecosystems and founders of Cosmos, Polkadot, Filecoin, StarkWare, Axelar, Close to, Celestia, and Celo. 

RW3 Ventures secures $60 million for blockchain fund

Early-stage enterprise capital agency RW3 Ventures has raised $60 million in capital from The Raptor Group and Mubadala Capital, one of many sovereign wealth funds of the Emirate of Abu Dhabi. The capital will seed RW3’s Ventures Fund I LP, devoted to blockchain infrastructure and decentralized finance. The crypto VC is led by two former BitGo executives: Pete Najarian and Joe Bruzzesi. The fund targets alternatives from pre-seed by way of Collection A and focuses on groups utilizing blockchain know-how to disrupt industries and companies with sizable addressable markets. 

Helika raises $8 million from Pantera Capital, different traders in Collection A spherical

Information analytics and infrastructure agency Helika introduced the closing of an $8 million Collection A spherical, led by Pantera Capital alongside Sparkle Ventures, Diagram Ventures, and Sfermion. The funding will assist the event of AI-powered recreation administration merchandise. Helika gives off-chain and on-chain analytics, LiveOps and A/B testing merchandise for gaming studios. Helika is alleged to have reached seven figures in income in lower than a 12 months following a $4 million seed spherical led by Diagram Ventures in early 2023.

Truflation raises $6 million for inflation knowledge

Information supplier Truflation raised $6 million in funding from a number of traders, together with Laser Digital, Pink Beard Ventures, Modular Capital, Abra, G20, and 4 Seasons Ventures (4SV), along with earlier traders Chainlink, Elementary Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Affiliation. Truflation gathers knowledge from impartial, industrial, and public sources for measuring the adjustments in inflation every day — an alternative choice to authorities knowledge launched on a month-to-month foundation. The corporate gives impartial indexes and knowledge feeds, with Chainlink infrastructure making it accessible on-chain.

Omega Secures $6 million for Bitcoin-DeFi integration

Omega has secured $6 million in funding throughout three rounds from a number of traders, promising to allow yield technology for Bitcoin holders. The funding was backed by Lightspeed Faction, Borderless Capital, Bankless Ventures, Wave Digital, Blockchain.com, Blockchain Founders Fund, Kronos Ventures, XTBO Humla, Cadenza, Psalion Ventures, AlphaLab Capital, Facet Door Ventures, and others. The startup is growing a decentralized platform for Bitcoin (BTC) collateralization, enabling customers to generate yield by way of their layer-1 Bitcoin property. Its beta model is deliberate for launch by mid-year.