Web3-based startups raised more than $1.1 billion from venture…

Team S · 2024-08-02T07:51:59.000Z

- Pichi Finance: Raised $2.5 million in seed funding led by UOB Venture Management, Signum Capital, and Mantle Network. Pichi is developing a trustless points trading protocol. - Sybill : Secured $11 million in Series A funding led by Greycroft, bringing its total funding to $14.5 million. Sybill is building an AI-powered sales assistant. - Hyperbolic : Raised $7 million in seed funding led by Polychain Capital and Lightspeed Faction. Hyperbolic is creating an open-access AI computing platform. - Raad Labs : Closed a $2.25 million funding round led by CoinFund. Raad Labs is a blockchain climate tech company focusing on decentralized climate data measurement and forecasting. And : - Lightning Ventures announced Thunder Funder, a regulated crowdfunding portal allowing eligible companies to raise up to $5 million annually. - LTNG Ventures Inc., Thunder Funder's parent company, closed a $500,000 pre-seed funding round. - OKX Ventures invested an undisclosed amount in zkLink, a developer of zero-knowledge infrastructure solutions. - The global market for weather forecasting, relevant to Raad Labs' work, is expected to grow to $4.18 billion by 2030. This surge in funding reflects renewed investor confidence in the crypto ecosystem and the emergence of new capital-raising methods in the Web3 space. https://cointelegraph.com/news/vc-roundup-investments-web3-startups-1b-july

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Web3-based startups raised more than $1.1 billion from venture… | Newnex