Venture Capital

DeFi Hub Nibiru Chain Valued at $100M After $8.5M Seed Funding Round
The startup will launch its mainnet and stablecoin this summer.

Crypto Protocol LayerZero Raises $120M at $3B Valuation
The valuation is triple the level of the firm's previous funding round in March 2022.

Crypto Startup Li.Fi Raises $17.5M in Funding Round
CoinFund and Superscrypt led the round for the cross-chain bridge and decentralized exchange aggregator.

Crypto Hardware Wallet Maker Ledger Raises Most of $109M Round: Bloomberg
The company's valuation remains at about the same $1.4 billion it was valued at in its previous funding round in June 2021.

Market Maker DWF Labs Emerges as Top Crypto Investor
DWF Labs Managing Partner Andrei Grachev discussed the firm’s investment strategy and continuing risks for the industry.

Dragonfly Leads $6.5M Round for Aptos Protocol Econia Labs
The startup offers an order book protocol for decentralized finance (DeFi) in the Aptos ecosystem.

Staking Protocol EigenLayer Raises $50M Amid Crypto Winter
Blockchain Capital led the round for the system that allows Ethereum stakers to reuse the tokens.

Paradigm Leads $7M Round for Optimism-Based Startup Conduit
The newly announced startup will help developers launch Optimism-based applications.

Zipmex Acquisition Stumbles as Buyer Misses Payment: Bloomberg
The payment was due on March 23 and was required to fund working capital

Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and sui token warrants) for $96 million through bankruptcy court.

