Venture capital and investment firms poured $201.4 million into crypto projects last week with eleven companies announcing funding rounds. The largest rounds belonged to a $54 million raise for metaverse startup Futureverse and a $40 million Series A round for RISC Zero, a provider of zero-knowledge proof tools for developers.
Infrastructure projects continued to show resilience against the crypto winter this week with six of the funding rounds belonging to this category: RISC Zero, Cosmic Wire, Manta Network, Echooo Wallet, Side Protocol and Over Protocol. RISC Zero and Manta Network are also both focused on zero-knowledge technologies, a rising cryptographic way of mathematically validating transactions while maintaining privacy.
The token of one project, RDNT from Binance Labs-backed DeFi lender Radiant Capital, jumped over 10% to 31 cents after the deal was announced.
In other venture capital news this week, Fortune reported that crypto-focused firm Polychain Capital had raised $200 million in an initial close for its fourth venture capital fund. Polychain has not confirmed those details.
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The data in the table only includes funding rounds where an amount was specified. The information was current as of 5 p.m. ET on Friday, July 21. Any deal announced after that time will go into next week’s roundup.