TechFlow, December 14 — According to DL News, this week 16 crypto startups raised $176 million in funding, pushing the total investment for the year past $25 billion, far exceeding analyst expectations. Data from DefiLlama shows this figure is more than double last year's.
Major investors this week included Pantera Capital, Coinbase Ventures, and DCG. Despite the crypto market falling by $1 trillion from its October peak, investors continue to increase their commitments. Sebastián Serrano, CEO of Argentine crypto exchange Ripo, said investors are "moving away from hype and increasingly rewarding projects with solid business models."
Top fundraising deals this week included cross-chain infrastructure protocol LI.FI raising $29 million, Real Finance—a Layer 1 blockchain focused on tokenizing real-world assets—raising $29 million, and institutional staking service provider TenX Protocols raising $22 million and listing on the Toronto Stock Exchange.
