VC Roundup: Funding falls to $2.4B in Q3 2024, early-stage startups dominate
This edition of Cointelegraph’s VC Roundup features Eidon AI, Brevis, Multiledgers and Alluvial. Go to Source
Venture Capital
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Portal Ventures raises $75M for pre-seed crypto fund
Portal Ventures’ new fund will back pre-seed rounds for crypto startups, aligning with the growing VC focus on early-stage activity in 2024. Go to Source
Zero Gravity Labs secures $290M financing for decentralized AI operating system
The startup closed a $40 million seed round and secured another $250 million in liquid funds for its blockchain-based decentralized AI infrastructure. Go to Source
a16z sees ‘greater flexibility to experiment’ with crypto under Trump
Legal and policy experts from the crypto arm of a16z are confident that “the future of crypto in the US is bright.” Go to Source
Temasek-backed blockchain VC firm to start new investment fund: Report
Temasek, a state-owned investment company in Singapore, currently has a total portfolio value of approximately $288 billion. Go to Source
VC Roundup: Web3 funding hits $5.4B in 2024
Blockchain-based startups raised $1.4 billion in the third quarter, bringing investments year to date to over $5.4 billion. Go to Source
DePIN Glow secures $30M from Framework Ventures, USV
Funds will support the expansion of Glow’s solar grid in India, which is expected to replace the energy consumption of 34,000 households. Go to Source
Nillion network raises $25M for decentralized privacy solutions
Since its graduation from an accelerator in January 2023, privacy solution Nillion has raised a total of $50 million. Go to Source
Legion launches merit-based platform for ICOs in Europe
The reputation system targets retail investors in Europe and projects worldwide seeking regulatory clarity for crypto fundraising. Go to Source
Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report
Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion. Go to Source
