Pantera, Coinbase pile on as crypto startups raise $176 million this week – DL News
- Infrastructure and l1 blockchains saw raises this week.
- Startups have raised over $25 billion this year, blowing past analysts’ expectations.
Venture capitalists cut another $176 million in cheques for 16 crypto startups this week, bringing total investment to over $25 billion this year, according to DefiLlama data.
That’s well over twice the amount raised last year and far above analysts’ expectations.
This week’s top investors include Pantera Capital, Coinbase Ventures, and DCG, which are piling on despite crypto markets down $1 trillion from their October highs.
Investors are “turning away from hype and increasingly rewarding projects that have solid business models,” according to Sebastián Serrano, CEO of Ripo, an…
