VC Roundup: Web3 funding hits $5.4B in 2024
Blockchain-based startups raised $1.4 billion in the third quarter, bringing investments year to date to over $5.4 billion. Go to Source
Venture Capital
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DePIN Glow secures $30M from Framework Ventures, USV
Funds will support the expansion of Glow’s solar grid in India, which is expected to replace the energy consumption of 34,000 households. Go to Source
Nillion network raises $25M for decentralized privacy solutions
Since its graduation from an accelerator in January 2023, privacy solution Nillion has raised a total of $50 million. Go to Source
Legion launches merit-based platform for ICOs in Europe
The reputation system targets retail investors in Europe and projects worldwide seeking regulatory clarity for crypto fundraising. Go to Source
Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. Go to Source
GnosisDAO approves $40M venture fund for RWA, decentralized infrastructure
GnosisVC will back projects working on real-world assets, decentralized infrastructure and onchain payments platforms. Go to Source
EU launches ‘Trusted Investors Network’ to boost VC investment in tech
The European Union unveiled the Trusted Investors Network at a meeting in Athens, Greece, to attract venture capital to deep-tech sectors like biotechnology and AI. Go to Source
VC Roundup: Capital flows into emerging AI-blockchain sector
Cointelegraph’s VC Roundup features venture funding for the Wire Network, OpenGradient, Blockcast, Apex Fusion, PiP World and Lombard. Go to Source
Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how. Go to Source
Gate Ventures, Movement Labs, Boon Ventures to launch $20M crypto fund
The fund will support protocols targeting the Move programming language and interoperability with the Ethereum ecosystem. Go to Source
