Web3 Investments See a Surge in Funding for Security and Infrastructure Projects

The third week of February saw significant investments in security and infrastructure, with several projects securing major funding rounds. The total funding for the week exceeded $150 million, with a focus on security, DeFi, and infrastructure projects.

Major Funding Rounds

Here are the major funding rounds of the week:

  • Blockaid – $50 million Series B funding, backed by Ribbit Capital, Google Ventures, and Variant. The project has raised a total of $83 million so far.
  • Kinto – $20 million in an unknown round, backed by Brevan Howard. The project has raised a total of $25 million.
  • Cygnus – $20 million in pre-seed funding, backed by Manifold, OKX Ventures, and Mirana. The project is creating DeFi and stablecoin solutions.
  • Altius – $11 million in pre-seed funding, backed by Founders Fund, Pantera, and Archetype.
  • Universal Protocol – $9 million in an unknown round, backed by a16z crypto, Coinbase Ventures, and Four Cities Capital.
  • Fluent Labs – $8 million in seed funding, backed by Polychain Capital, Primitive, and M41 Ventures. The project is creating L2 infrastructure.
  • Mansa – $7 million in an unknown round, developing DeFi payment solutions.
  • Primus Labs – $6.50 million in seed funding, backed by Dispersion Capital, Symbolic Capital, and VanEck.

Notable Crypto VC Funding Rounds Under $5 Million

Here are some notable funding rounds under $5 million:

  • Yield Basis – $5 million with a $50 million FDV for AMM and yield tools.
  • Acre – $4 million with a $90 million FDV for Bitcoin DeFi.
  • WalletConnect – $4 million through public sale with a $200 million FDV.
  • Mansa – $3 million in pre-seed funding.
  • Maestro – $3 million in seed funding.
  • AMMO – $2.5 million for AI infrastructure.
  • Infinity Ground, Fomo, and ResearchHub – each gathered $2 million.
  • Nil Foundation and Mu Digital – each secured $600,000 through public sales.
  • Form Network – $306,500 with a $306.5 million FDV.
  • Forkast – $100,000 with a $0.04 FDV.
  • RICH – $50,000 for data privacy solutions.

These funding rounds demonstrate the growing interest in security and infrastructure projects in the web3 space. As the ecosystem continues to evolve, we can expect to see more innovative projects and investments in the future.

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