A16z leads investments as crypto startups raise $214m in one week – DL News
The Weekly Raise
- Six crypto projects secured $214 million in funding this week.
- A16z crypto led the charge with an investment in Catena Labs.
- The industry is expected to raise $18 billion this year.
In a week when Bitcoin hit an all-time high, venture capitalists invested $214 million in six projects, according to data from DefiLlama.
In addition, Theta Capital Management closed a $175 million fund for blockchain investments.
PitchBook projects that crypto projects to raise $18 billion this year, almost double the annual average in 2023 and 2024.
And that comes on top of the ample dry powder in VC crypto funds.
Andreessen Horowitz’ crypto arm raised a whopping $4.5 billion in its fourth fund in 2022, taking its total to $7.6 billion, and…
