Funding

Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)
Crypto VC Firm Polychain Capital Raises $200M for Fourth Fund: Fortune
The crypto-focused firm has also cut three members of its research and development staff, Fortune reported.
Polychain CEO Olaf Carlson-Wee (Danny Nelson/CoinDesk)

(Getty Images)
VC Funding in Web3 Plummets 76%: Crunchbase Data
In the second quarter of 2023, Web3 startups raised just over $1.8 billion, compared to $7.5 billion during the same period last year.
(Getty Images)

(Hitesh Choudhary/Unsplash)
Startup Kaito Gets $87.5M Valuation in New Funding to Build AI Search Engine for Crypto
The search engine combines real-time data with large language models like ChatGPT.
(Hitesh Choudhary/Unsplash)

The data center purchase is likely to be the first of several. (Shutterstock)
Australian Data Center Startup Arkon Expands to U.S. With $26M in Fresh Funding
CEO Joshua Payne said he expects the acquisition of a data center in Hannibal, Ohio to be "the first of several" over the next year.
The data center purchase is likely to be the first of several. (Shutterstock)

Brian Armstrong (CoinDesk)
Coinbase CEO Brian Armstrong’s ResearchHub Startup Raises $5M in Funding
The Series A round was led by Open Source Software Capital with participation from Boost VC, RedHat's Bob Young, Vercel’s Guillermo Rauch and Replit's Amjad Masad.
Brian Armstrong (CoinDesk)

Drew Austin (Red Beard Ventures)
Red Beard Ventures Closes $25M Funding Round With Animoca Brands, Others
The Web3 venture capital firm hopes to support early-stage DeFi and Web3 gaming projects and is also launching a tokenomics accelerator.
Drew Austin (Red Beard Ventures)

Polygon co-founder Sandeep Nailwal (Danny Nelson/CoinDesk)
Polygon Co-Founder Launches Web3 Fellowship Program
Sandeep Nailwal will invest $500,000 of his personal capital on a new cohort each year.
Polygon co-founder Sandeep Nailwal (Danny Nelson/CoinDesk)

Giddy's founding team from left to right: David Bland, Adam Olsen, Eric Parker, David Hurst, Ethan Parker, Brendan Wanlass (Giddy)
Crypto Wallet Giddy Raises $6.9M in Funding to Further Self-Custody Adoption
Fortnite co-creator Geremy Mustard took part as a strategic investor in the round.
Giddy's founding team from left to right: David Bland, Adam Olsen, Eric Parker, David Hurst, Ethan Parker, Brendan Wanlass (Giddy)

Zodia Custody, a firm owned by Standard Chartered, has raised $36 million. (Shutterstock)
Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered
The firm will use the funds to increase its token coverage and enhance its settlement product, Interchange.
Zodia Custody, a firm owned by Standard Chartered, has raised $36 million. (Shutterstock)

(Shubham Dhage/Unsplash)
Cata Labs Raises $4.2M to Develop 'Bridging' Software
The round was led by Spartan Group and included participation from Robot Ventures, Maven 11, Alchemy Ventures, HashKey Capital, Circle Ventures and Superscrypt.
(Shubham Dhage/Unsplash)