This article comes fromBitcoin.com, original author: Terence Zimwara
Odaily Translator | Nian Yin Si Tang
, original author: Terence Zimwaraa reportAccording to a recent report by data analytics firm CB Insights
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In the first quarter of 2021, about 129 blockchain-focused startups raised about $2.6 billion in funding. That figure easily tops the $2.3 billion raised in 341 funding rounds in all of 2020.
Large funding rounds dominateBlockFi Confirms $350 Million Series D FundingThe CB Insights report notes that the scale of fundraising in the first quarter of this year is further evidence that "venture capitalists are pouring money into cryptocurrency-related companies at the fastest rate in years." It was largely "propelled by several large rounds of funding from several startups, including crypto lender BlockFi, well-known blockchain game NBA Top Shot, CryptoKitties development team Dapper Labs and cryptocurrency exchanges and Wallet provider Blockchain.com. These three large financings all occurred in March. There have been several notable financings in the history of the encryption industry, including Bitmain Technologies’ $400 million in 2018 and Bakkt’s $300 million in 2020.
On March 11 this year,BlockFi Confirms $350 Million Series D FundingMarch 24 news,
March 30,Blockchain.com recently completed $300 million in Series C financing, DST Global, Lightspeed Venture Partners, and VY Capital led the round, valuing the company at $5.2 billion. Blockchain.com CEO Peter Smith said the company has raised a total of $1.5 billion in debt and equity funding since its founding in 2011. Not long ago, in February, Blockchain.com just announced the completion of $120 million in strategic financing, with investors including Moore Strategic Ventures (Louis Bacon), Kyle Bass, Access Industries, Rovida Advisors, Lightspeed Venture Partners, Google Ventures, Lakestar, Eldridge et al.
Dapper Labs Announces $305M Funding Round
, post-money valuation rose to $2.6 billion. This round of financing was led by the investment institution Coatue, and the participants included NBA stars Michael Jordan, Kevin Durant, Andre Iguodala, Kyle Lowry, Spencer Dinwiddie, etc.; MLB stars Nolan Arenado and Tim Beckham; NFL stars Thomas Davis, Stefon Diggs, Dee Ford , Malcom Jenkins, and others; 93 Ventures, Sound Ventures, Dreamers VC (founded by movie star Will Smith and soccer player Keisuke Honda), AG Ventures, and rapper 2 Chainz.
Dapper Labs previously raised $11.4 million in financing in 2020, with participation from Coinbase Ventures, Andreessen Horowitz, Animoca Brands, Union Square Ventures, and Distributed Global.
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