In early June, the crypto sector secured $317 million through 37 venture capital deals and fundraising events. Leading the investments was Avail, a modular blockchain project, which raised $43 million with support from Cyber Fund, Founders Fund, and Dragonfly.
M^0, a decentralized stablecoin minting project, followed closely with $35 million in a Series A funding round led by Bain Capital Crypto, with contributions from GSR, Wintermute Ventures, and Galaxy Ventures. Nexus Laboratories, specializing in zero-knowledge cryptography, secured $25 million in another Series A round co-led by Lightspeed Venture Partners and Pantera Capital, alongside Dragonfly, Faction Ventures, and Blockchain Builders Fund.
Other significant funding rounds included those by XREX, Layer 3, Fhenix, Squads, and Goplus. Smaller deals featured Nexus Network, Qiro Finance, Honeypot Finance, Starpower, and Bitball. These investments highlight the ongoing attraction of the crypto market for venture capital, with a diverse array of projects gaining backing from prominent investors.
