Since the start of August, 35 projects have collectively raised $178.19 million. Venture funds have been particularly interested in segments like DeFi and GameFi. Here’s a closer look at some of the projects that have caught the eye of top venture capital funds:
Morpho Labs Investment: $50 million Details: The French lending protocol secured strategic funding led by Ribbit Capital. Although not officially confirmed, this round reportedly values the protocol at $750 million.
DAWN Investment: $18 million Details: Andrena, an internet service provider, drew investment for its DAWN project from firms such as Wintermute Ventures, ParaFi Capital, and DragonFly Capital. DAWN is a decentralized DePIN network.
Vessel Investment: $10 million Details: This trading platform completed a seed round with Sequoia Capital’s participation. Vessel merges the benefits of both DEX and CEX, enabling spot trading with an automated market maker.
Moonveil Investment: $9 million Details: The tier 2 gaming ecosystem extended its pre-series A round, attracting investments from Spartan Group, HashKey Capital, among others. Moonveil provides an ecosystem for blockchain game startups.
Pentagon Games Investment: $6 million Details: The game studio finalized a seed round that included investments from Animoca Brands, Binance Labs, and others. Pentagon Games focuses on creating immersive Web3 games featuring AR, VR, and AI elements. Additionally, Solayer and Particle Network received undisclosed investments from Binance Labs. These projects indicate where venture capital funds are channeling their resources, highlighting the growing interest in DeFi, GameFi, and innovative gaming solutions.
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My name is Jay Skrantz, and I’ve been a freelance writer for 10 years, concentrating largely on investment brokerage, mutual fund investing, and financial analysis topics. As a reporter, I’ve written extensively for a wide variety of sites and publications like SeekingAlpha, MoneyShow, and MotleyFool. I’ve also done substantial freelance work for a number of financial publications, including MarketWatch, CIO Magazine, and TheStreet.
