WEB3 FUNDING (May)

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$339M+ was raised across 34 funding rounds in Web3. Finally, we are witnessing an uptick in funding after three weeks of capital inflow below $200M in the space. This week’s increase was largely driven by several public mining-related companies securing financing through debt or private placement transactions.

The winner was Auradine, which announced $81M in Series A financing led by venture capital firms Celesta Capital and Mayfield. Other investors in the round included Cota Capital, DCVC, and Stanford University. Auradine is focused on developing a wide range of infrastructure solutions encompassing both hardware and software.

The most is still being invested in infrastructure.
#VC#funding#blockchain

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Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance

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