AI startups draw record $11.8B funding in Q3
According to Stocklytics, AI startups accounted for 30% of total venture capital funding in the third quarter of 2024. Go to Source
Venture Capital
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DMCC and CVVC Partner to Drive Web3 Innovation
The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland. The partnership aims to foster collaboration, knowledge sharing, and innovation in blockchain technology. Both organizations believe this collaboration will accelerate Web3 adoption and drive business innovation globally. … Read more
Celestia Foundation secures $100M capital led by Bain Capital Crypto
The investment round’s backers include Bain Capital, Syncracy Capital, 1kx, Robot Ventures, and Placeholder, bringing Celestia’s total fundraising to $155 million. Go to Source
Borderless Capital announces $100M for third DePIN fund
Borderless’ third fund targeting DePIN projects is backed by peaq, the Solana Foundation, Jump Crypto, and IoTeX. The DePIN market is expected to reach $3.5 trillion by 2028. Go to Source
Dragonfly Capital eyes $500M for fourth crypto fund
Dragonfly’s new crypto fund will target early-stage projects in the crypto space. Over 100 digital-asset startups are part of the firm’s portfolio. Go to Source
DePIN to be ‘crypto’s next big use case’ — MV Global
Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology. Go to Source
Parafi Capital’s $120M fundraise signals renewed growth for crypto funds
Crypto firms, VCs have been raising capital this year as cryptocurrency prices recover, improving overall market sentiment. Go to Source
Lemniscap secures $70M to back early-stage Web3 startups
The new fund will back startups working on blockchain-based solutions, including zero-knowledge infrastructure and emerging Bitcoin ecosystems. Go to Source
Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time … Read more
SOON closes funding round for Solana-based layer-2
Backers hail from Solana Labs, Coinbase Ventures, and Celestia, among others. Go to Source
