Crypto startups attract $800 million in VC backing during November
Summary
Venture capital funds invested nearly $800 million in crypto startups in November, marking the fourth-best month for funding this year despite an 8% decrease from October. The blockchain gaming sector raised $71 million, with Monkey Tilt securing $30 million led by Pantera Capital. Over $583 million was invested in crypto-related infrastructure, with Zero Gravity Labs and Bitcoin miner Canaan Creative raising $40 million and $30 million, respectively. The DeFi ecosystem experienced a 31% funding growth, reaching $128.2 million. USDX Money led with a $45 million round, while World Financial Liberty raised $30 million through a token sale involving Justin Sun. StakeStone raised $22 million in a round led by Polychain Capital.
