Crypto startups raised $107.6 million between July 28 and Aug. 3, led by Morpho’s $50 million strategic round, followed by DuelNow and Daylight. This article highlights the key investments and their implications for the crypto market.
Points
- Morpho raised $50 million, leading the week’s VC activities.
- DuelNow secured $11 million for its decentralized sports betting platform.
- Daylight raised $9 million to enhance decentralized energy infrastructure networks.
- Hyperbolic Labs, Pichi Finance, and Raad Labs also secured significant investments.
Crypto startups raised $107.6 million between July 28 and Aug. 3, with decentralized crypto lender Morpho leading the pack with a $50 million strategic round. This substantial funding overshadowed other notable investments, including DuelNow’s $11 million and Daylight’s $9 million.
Morpho, $50 Million
Morpho, a decentralized crypto lender, announced a $50 million strategic round led by Ribbit Capital. CEO Paul Frambot emphasized that the new funding would improve Morpho’s decentralization and support its global growth.
https://twitter.com/MorphoLabs/status/1819010855964479751
DuelNow, $11 Million
Another significant winner in this week’s VC activities was DuelNow, a decentralized sports betting platform that raked in $11 million in fresh capital. This funding will be crucial for expanding DuelNow’s market reach and enhancing its platform capabilities.
Daylight, $9 Million
Daylight, a project specializing in decentralized physical infrastructure networks （DePIN） for energy distribution, raised $9 million in a Series A round. A16z Crypto led the round, joined by Framework Ventures and others. Daylight aims to optimize energy consumption and distribution by connecting various energy devices, such as solar panels and electric vehicle chargers, to a decentralized network.
https://twitter.com/guywuolletjr/status/1818678743201615934
Hyperbolic Labs, $7 Million
Hyperbolic Labs, aiming to become the leading open-access AI cloud, raised $7 million. The company plans to use the funds to develop its platform, which aggregates idle GPU resources from around the globe to provide affordable AI compute power.
https://twitter.com/hyperbolic_labs/status/1818269892367495655
Other Noteworthy Investments
- Pichi Finance: A protocol focused on trustless points trading, raised $2.5 million in a seed round led by UOB Venture Management, Signum Capital, and Mantle Network.
- Raad Labs: A blockchain climate tech company, collected $2.25 million to enhance climate data measurement through a distributed sensor network.
- Other companies in pre-seed rounds and unknown rounds collectively raised $11.1 million.
解説
- Impact of Morpho’s Funding: Morpho’s $50 million raise highlights the growing interest in decentralized finance （DeFi） solutions. This funding will enhance Morpho’s capabilities and potentially set new standards in the DeFi space.
- DuelNow’s Expansion: The $11 million investment in DuelNow underscores the potential of decentralized sports betting platforms. This funding will help DuelNow expand its market presence and improve its platform.
- Daylight’s Energy Solutions: Daylight’s $9 million funding aims to revolutionize energy consumption and distribution. By leveraging decentralized networks, Daylight could significantly impact the energy sector.
- Hyperbolic Labs’ AI Ambitions: With $7 million in funding, Hyperbolic Labs aims to democratize access to AI technology. This could reduce costs for businesses and researchers needing high-performance computing.
- Broader Market Implications: These investments reflect a growing trend towards decentralization and innovative tech solutions. The diverse range of funded projects indicates a healthy and dynamic crypto market.