Bitcoin
Bitcoin (BTC)
$65,828.00 -3.32666
Bitcoin price
Ethereum
Ethereum (ETH)
$3,487.84 -0.04082
Ethereum price
BNB
BNB (BNB)
$583.17 -2.05539
BNB price
Solana
Solana (SOL)
$173.54 -5.17392
Solana price
XRP
XRP (XRP)
$0.5969820 -3.41778
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -3.79493
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -0.23614
Pepe price
Bonk
Bonk (BONK)
$0.0000282 -8.60473
Bonk price
Bitcoin
Bitcoin (BTC)
$65,828.00 -3.32666
Bitcoin price
Ethereum
Ethereum (ETH)
$3,487.84 -0.04082
Ethereum price
BNB
BNB (BNB)
$583.17 -2.05539
BNB price
Solana
Solana (SOL)
$173.54 -5.17392
Solana price
XRP
XRP (XRP)
$0.5969820 -3.41778
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -3.79493
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -0.23614
Pepe price
Bonk
Bonk (BONK)
$0.0000282 -8.60473
Bonk price
Bitcoin
Bitcoin (BTC)
$65,828.00 -3.32666
Bitcoin price
Ethereum
Ethereum (ETH)
$3,487.84 -0.04082
Ethereum price
BNB
BNB (BNB)
$583.17 -2.05539
BNB price
Solana
Solana (SOL)
$173.54 -5.17392
Solana price
XRP
XRP (XRP)
$0.5969820 -3.41778
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -3.79493
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -0.23614
Pepe price
Bonk
Bonk (BONK)
$0.0000282 -8.60473
Bonk price
Bitcoin
Bitcoin (BTC)
$65,828.00 -3.32666
Bitcoin price
Ethereum
Ethereum (ETH)
$3,487.84 -0.04082
Ethereum price
BNB
BNB (BNB)
$583.17 -2.05539
BNB price
Solana
Solana (SOL)
$173.54 -5.17392
Solana price
XRP
XRP (XRP)
$0.5969820 -3.41778
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -3.79493
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000122 -0.23614
Pepe price
Bonk
Bonk (BONK)
$0.0000282 -8.60473
Bonk price

November crypto VC funding soars to $1.2b, surpassing yearly average

november-crypto-vc-funding-soars-to-1-2b-surpassing-yearly-average
Edited by
News
November crypto VC funding soars to $1.2b, surpassing yearly average

November witnessed an extraordinary leap in the crypto venture capital sector, with funding reaching an unprecedented $1.2 billion. The increase represents a 179% jump from October’s $430 million and a 90% increase year-over-year from $630 million. 

A deeper dive into RootData’s analysis reveals an interesting dynamic in the number of investment ventures. November saw 92 investment projects in the crypto sphere, marking a 21% rise from October’s 76 projects. However, this number reflects a 17% drop compared to the 111 projects in November of the previous year.

The distribution of investments across various sectors within the crypto market also saw notable trends. Infrastructure projects garnered the lion’s share of funding, claiming about 30% of the total investment. The projects were followed by defi initiatives, which attracted approximately 13% of the total investment.

Highlighting significant funding events, Phoenix Group, an Abu Dhabi-based enterprise specializing in Bitcoin mining and custody services, successfully raised $370 million through an IPO. Phoenix Group’s IPO will go live on the Abu Dhabi Securities Exchange on Dec. 5th. 

Another major player, Fnality, a blockchain payment company, announced securing $95 million in a Series B funding round. This round saw notable participation from industry giants such as Goldman Sachs and BNP Paribas, along with other key players like DTCC, Euroclear, Nomura Securities, and WisdomTree.

Adding to the list of significant funding achievements, Bitfarms, a Canadian Bitcoin mining firm, disclosed its successful raise of $44 million through a private placement, further emphasizing the robust growth and investor confidence in the crypto venture capital space during November 2023.