Hannah Miller / Bloomberg:
Stardust, which makes developer tools for building blockchain-based games, raised a $30M Series A led by Framework Ventures — Despite a steep drop in venture funding for crypto companies, some startups are still managing to secure fresh capital. Stardust, which provides developer tools …
Hannah Miller / Bloomberg:
PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry’s lowest level in more than a year — Crypto startups are suffering from this year’s mass selloff of digital currencies. Venture capital investment in the industry sank to its lowest level …
Hannah Miller / Bloomberg:
Community Labs, which is building crypto projects on blockchain data storage platform Arweave, has raised $30M led by Lightspeed Venture Partners — Instead of baking sourdough or hanging out on Zoom during the depths of the pandemic, Tate Berenbaum spent most of the time coding in his basement.
Bloomberg:
PitchBook: in H1 2022, VC funding fell 8% YoY to $147.7B, pushing US startups to raise $17.1B in debt, up 7.5% YoY — Venture capitalists have spent years aggressively buying stakes in cash-burning technology startups, valuing more than 1,000 of them at at least $1 billion apiece, even though many remained far from turning a profit.
Hannah Miller / Bloomberg:
Horizon Blockchain Games, which develops the Sequence developer platform, Niftyswap marketplace, and Skyweaver trading card game, raised a $40M Series A — Crypto winter has helped chill demand for nonfungible tokens, but that hasn’t stopped startups that use them from raising money.
Monica Chin / The Verge:
Framework and Google partner to launch the $999 Framework Laptop Chromebook Edition, a user-upgradeable model running Chrome OS, shipping in early December — Framework and Google have announced the new Framework Laptop Chromebook Edition. As the name implies, this is an upgradable …
Patricia Allen / EU-Startups:
Paris-based Aqemia, which aims to scale drug discovery by combining quantum physics algorithms and AI, has raised a €30M Series A — Pharmatech startup Aqemia has just raised €30 million in a new funding round. The Parisian startup is generating a pioneering drug discovery pipeline …
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