Lava Protocol, Analog, Helika, Truflation, and Omega are among the startups securing funding in the first half of February.
The second month of 2024 has offered solid prospects for crypto venture capital. The start of February witnessed $16 million in funding secured by the cross-chain protocol Analog, alongside another $15 million in capital allocated to the Lava Protocol.
Also making headlines in the alternative investment space are private equity firms Deus X Capital and Bridgetower Capital. The companies are launching a new $250 million crypto infrastructure platform dedicated to institutional investors in the Middle East.
Venture capitalists are also seeking direct exposure to cryptocurrencies. Peter Thiel’s Founders Fund reportedly pumped $200 million into Bitcoin and Ether in 2023, as speculation of a pending approval for spot Bitcoin exchange-traded funds (ETFs) ramped in the United States over the past year.
