CandleFocus

Crypto startups attract $800 million in VC backing during November

In November, venture capital funds invested nearly $800 million in crypto startups, marking the fourth-best month for funding this year. However, this amount was 8% lower than the previous month. The blockchain gaming sector received about $71 million in funding, with Monkey Tilt raising the highest amount of $30 million. VC funds also invested heavily in crypto-related infrastructure, totaling over $583 million. The DeFi ecosystem experienced significant growth with a 31% increase in monthly funding, reaching $128.2 million. Notable funding rounds include USDX Money, which raised $45 million, and World Financial Liberty, which raised the second-largest amount with investment from Justin Sun. StakeStone, a liquid staking protocol, raised $22 million as well.

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