Crypto Funding Surges in Early June
In the first week of June, crypto funding experienced a significant revival. The sector saw a surge in investments, ranging from large-scale deals to early-stage ventures. The standout event was Circle’s IPO, which raised $1.1 billion. This milestone marked Circle’s entry into the NYSE under the ticker CRCL.
crypto projects collected $1.17 billion, as reported by Cryptofundraising. This influx of capital signals renewed interest from investors. Circle’s IPO was the highlight, but other projects also attracted significant backing.
Various projects benefited from this funding wave. IOST and Avantis secured major investments, while startups like 3Jane and Launcher Capital received seed funding. The data shows a broadening investor interest in the Web3 ecosystem.
Here are some key funding rounds:
- IOST raised $21 million, backed by DWF Labs and others.
- Rails secured $14 million, with Kraken Ventures among its investors.
- Avantis gathered $8 million in Series A funding, co-led by Pantera Capital.
Smaller projects also saw success. Soul Labs raised $5.96 million in a public sale, while 3Jane got $5.2 million in seed funding. Launcher Capital and HashPower each raised $4 million. These investments reflect a diverse range of interests within the crypto space.
