From April 1 to 5, nine projects received a total of $45.7 million in investments, focusing funds’ attention on the Web3 sectors and blockchain infrastructure development.
This is reported by Business • Media
Leaders in fundraising
Among the projects that stood out for the amount of funding received, the startup Codex attracted $15.8 million. This project, specializing in creating a blockchain optimized for stablecoins, secured investments in a seed round led by Dragonfly Capital. Additionally, venture divisions of Coinbase and Circle, as well as market makers Cumberland, Wintermute, and Selini Capital, participated in the round. The funds raised will be directed towards the issuance of shares and token warrants.
The second-largest funding went to the project Ultra, which received $12 million led by NOIA Capital. The funds will be used for hiring new specialists and further expanding the platform, which aims to combine traditional gaming with cutting-edge technologies.
Another successful project was Cambrian Network, which closed a seed round totaling $5.9 million, led by the a16z division. This project is creating infrastructure for financial agents using artificial intelligence and blockchain technologies.
Other funded projects
Additional projects that received funding include Mahojin ($5 million), Collecto ($3.02 million), and Hana Network ($1.75 million). The companies are using the raised funds to develop innovations and expand in the market.
“Funds’ attention was focused on the Web3 sectors and blockchain infrastructure development.”
It is also worth noting that some projects, such as NodeFoundry and Universal Health Token, received strategic investments to advance their technologies. The financial resources raised will allow them to expand their infrastructure and provide global access to their solutions.
Thus, during the first week of April, there has been active investment attraction in various segments of the digital economy, including Web3, blockchain services, GameFi, and more.