Lolli, NodeKit, and Cumulus Encrypted Storage System are among the latest startups to receive venture capital funding.
The crypto fundraising space keeps showing consistent and gradual recovery, with millions injected into startups’ rounds of all sizes in December. Among the month’s highlights, venture capital firm Foresight Ventures disclosed a third $10 million accelerator dedicated to companies exploring artificial intelligence, Bitcoin Ordinals and direct-to-consumer protocols, while Hong Kong-based GBA Capital also pledged $10 billion to establish a Web3 fund.
In Asia's biggest blockchain series funding round, South Korean nonfungible token (NFT) developer Line Next raised $140 million from a consortium spearheaded by Crescendo Equity Partners, a private equity firm backed by Peter Thiel.
According to data from Messari, there was an impressive 81% surge in the total deal volume in the last quarter of 2023, reaching $3.83 billion. Among the key investment rounds over the past three months were Blockaid securing $33 million, Ritual raising $25 million, Drift with a $23.5 million round, Blast at $20 million, and Privy closing a deal at $18 million.
