Biggest funding rounds for crypto startups in summer 2023
- Andreessen Horowitz opened its first overseas office in London.
- Argus Labs and Cryptogpt raised $10 million each for expansion.
- Story Protocol raised $54 million, Brine Fi raised $16.5 million, GenTwo raised $15 million, Trident Digital Group raised $8 million, TRLab raised $5 million, D3 Global raised $5 million, Socket raised $5 million, Gleen AI raised $4.9 million, VRRB Labs raised $1.4 million, and Kotani Pay raised $2 million.
The decline in venture capital investment in the crypto industry is concerning for startups in the space. The hesitation from investors due to regulatory concerns and economic uncertainty could hinder the growth and development of these companies. However, there have been recent funding rounds that show some resilience and potential for growth in the industry.
