In spite of all the volatility faced by the crypto market in the last month, many venture capital investment companies are investing in this sector. The focus over the last few weeks has shifted to infra developers in the P2E, Web3 and GameFi areas. These new and upcoming sectors have a lot to offer for the future. Investors include stalwarts like Coinbase Ventures, Pantera, Crypto.com and others.
Analytics firm Cointelegraph offers a rundown in a VC Roundup on funding stories that don’t usually make the headlines. This type of investment still raises a lot of interest in the crypto world and in the VC world as well.
Subspace Labs, Web3 developer of infrastructure raised $32.9 million in funding. This money will be used to further initiatives like integration with blockchain networks like ETH, Kusama and Polkadot. The network’s priority is to do more work in the NFT and other metaverse sectors. This funding was made possible by Pantera Capital, Alameda Research and others.
Jambo, an Africa-based Web-3 application development company has received $7.5 million in funding. These funds will be used to build a “superapp” to build a finance portal for individuals to use crypto. Jambo wants to be the company to bridge the gap between Web3 and Africa. Funding was made possible by Delphi Ventures, Three Arrows Capital, Polygon Studios, and others.
Haruko, a provider of investment infrastructure to crypto companies raised $10 million in seed funding. This venture was funded by White Star Capital and Portage Ventures. Haruko offers tech solutions which allows hedge fund companies and other institutions to trade in digital assets. The money raised will be used to develop a back-end solution so that the gap in institutional investors and the crypto industry is bridged.
Gamepay, a metaverse company has managed to get $1.2 million to grow its presence in the P2E arena in the gaming and NFT arena. Gamepay already has a platform which makes it easy for developers to use available tools and launch P2E games and sustain communities in the digital world.