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Venture Capital
Silicon Valley: The Mecca for Venture Capital May Be Cooling on Crypto
The storied birthplace of the U.S. tech industry is dripping with talent and money. But crypto founders who live in the No. 8 spot on CoinDesk’s Crypto Hubs 2023 list say that Web3 is losing ground to artificial intelligence in the race to capture the Valley's wallets and minds.

DeFi Credit Protocol Concordia Raises $4M in Round Led by Tribe, Kraken Ventures
Concordia, now live in public testnet on Aptos, offers a multi-chain risk and collateral management platform for digital assets.

Salesforce Leads $6M Round for AI-Backed Web3 Data Platform Mnemonic
The startup provides actionable non-fungible token (NFT) data for enterprises and developers.

StepStone VC Raises $97M for Two Blockchain Funds
SEC filings show pooled investment figures for the two private equity funds.

PayPal Ventures Leads $52M Round for Crypto Firm Magic
The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.

Crypto Infrastructure Firm Anoma Foundation Raises $25M
The Swiss non-profit oversees the Anoma blockchain architecture and the layer 1 blockchain Namada.

Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources
Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.

Web3 Payments Firm Transak Raises $20M
The startup offers on- and off-ramps that could make it easier for new users to interact with Web3 projects.

Sam Altman’s Crypto Project Worldcoin Raises $115M, Led by Blockchain Capital
Other investors in the Series C round included a16z, Bain Capital Crypto and Distributed Global.

Dispersion Capital Opens $40M Fund for Web3 Infrastructure
The fund was founded by Patrick Chang, an active angel investor in the crypto industry.
