Global Cryptocurrency Fundraising Report For August 2023

CoinCarp - Best Crypto Fundraising Database

This report offers an overview of the fundraising deals within the global crypto market in August 2023. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. If you have any feedback, we would be delighted to hear from you.

Crypto Fundraising Global Landscape

In August, the total number of crypto fundraising deals was 91, a decrease of -1.09% from 92 in July 2023; the total financing in August was US$828.62M, a -0.31% decrease from the previous month. 10.99% of the crypto projects are in the Strategic series stage. By geography, a total of 23 projects founded in the United States of America received $417.15M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, Germany, Korea (the Republic of), and Canada.

Crypto Fundraising Deal Count by Sector

In August, out of the 91 projects that were successfully financed, 35 of them were Web 3.0 projects, constituting 38.46% of the total projects. These projects raised a total of US205.55M, which is 38.46% of the total funds raised that month. This amount is US$156.05M lower than the funds raised in July 2023.

Out of the 91 Web 3.0 projects, the most relevant are those related to the Gaming category, with 6 being in the AI category and 5 in the Gaming category.

In addition to Security, Social network, Privacy, and Metaverse, other categories of related Web 3.0 projects.

In August, a total of 8 projects involving blockchain infrastructure received $27.97M in funding, representing 3.38% of all financing.

There were 19 DeFi-related projects, making up 20.88% of all financing projects in August. The total amount of DeFi-related projects raised was $44.50M, representing 5.37% of the total financing, this was a decrease -10.55% compared to July 2023.

In August, 4 CeFi projects were funded, comprising 4.4% of the total number of financing projects. Altogether, these projects raised $106.00M, which was 12.79% of the total financing in August, representing a 121.76% increase from July 2023.

Additionally, there were 7 NFT projects that have received a total of $13.45M in financing. Representing 1.62% of all financing, this was a decrease of -56.4% compared to July 2023.

Crypto Fundraising Deal Count by Transaction Type

The majority of raised funds for the crypto market come from Strategic rounds, the total amount is $201.00M in August. The aggregate deal value of Strategic for August is higher than the previous month by 183.33%. The biggest Strategic round fundraising is $100.00M, when Tenstorrent gets funding in August 2023.

Number of Investments by Investors

In August, Binance Labs had the most investments, with a total of 9 projects, including 5 DeFi, 3 Web3, 1 Infrastructure, and 1 Others projects.

Also, Jump Crypto has invested 4 projects, with 2 of those investments going towards Web3 projects, 2 towards DeFi projects and 2 towards Web3 projects

Top 5 Crypto Fundraising Deals In August

• Tenstorrent($100.00M) | Tenstorrent is a next-generation computing company that builds computers for AI — with participation from Eclipse, Epiq Capital, Fidelity Ventures, Hyundai Motor Group, Maverick Capital, Samsung Catalyst Fund (SCF)
• STELSI($100.00M) | STELSI STELSI is a web3-based lifestyle and Build to Earn platform that covers the entire process of city construction from design, construction, and management of buildings within the metaverse ecosystem built with 3D development and production tools, Unreal Engine — with participation from NGC Ventures
• BitGo($100.00M) | BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 1,500 institutional clients in over 50 countries — a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms — with participation from Bill Lee, Craft Ventures, David Sacks, Digital Currency Group, DRW Venture Capital, Galaxy Digital, Goldman Sachs, Redpoint, Valor Equity Partners
• Anthropic($100.00M) | Anthropic is an AI-driven research company that focuses on increasing the safety of large-scale AI systems — with participation from Google, Salesforce Ventures, SK Telecom, Sound Ventures, Spark Capital, Zoom Ventures
• Elemental Cognition($60.00M) | Elemental Cognition provides a revolutionary Generative AI platform with superior natural language understanding that powers expert problem-solving intelligence and research & discovery applications.

* The data presented is based on information extracted from the CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.