The third week of February marked significant investment activity, totaling over $150 million. Blockaid led with a $50 million Series B round, followed by Kinto and Cygnus each raising $20 million.
Investments in Leading Projects
Funding this week was directed toward projects focusing on security, DeFi, and infrastructure. Blockaid secured the largest amount with $50 million in a Series B round supported by Ribbit Capital, Google Ventures, and Variant. Both Kinto and Cygnus also marked significant deals, each raising $20 million.
Details of Major Deals
Blockaid garnered support from investors such as Ribbit Capital, Google Ventures, and Variant, raising $50 million and bringing its total funding to $83 million. Kinto, backed by Brevan Howard, raised an additional $20 million, increasing its total to $25 million. Cygnus, in turn, secured $20 million in pre-seed funding from Manifold, OKX Ventures, and Mirana.
Smaller Investments and Their Significance
Other projects also secured funding. Altius raised $11 million, Universal Protocol $9 million, Fluent Labs $8 million, and Mansa concluded February with total investments reaching $10 million. These projects continue to actively develop the DeFi and infrastructure spaces.
In conclusion, the weekly investments highlight a significant interest in security and infrastructure within the crypto world. The total funding of over $150 million confirms growing optimism in the cryptocurrency industry.
