Crypto VC funding cooled overall, but June saw major raises by Rails, Yupp, Beam, Frachtis, Interface Labs, Gradient Network, Story, Blueprint Finance and Units Network.
Venture capital funding in the crypto industry has shown signs of stagnation in recent months, with some firms struggling to close new funds — a trend highlighted by Sarah Austin, co-founder of the real-world asset platform Titled, which raised a $1.3 million seed round earlier this year.
Rails is backed by crypto exchange Kraken, venture capital firm Slow Ventures, blockchain security firm Quantstamp and others. Frachtis has already backed eight projects at the pre-seed and seed stages, spanning DeFi and AI protocols. Gradient is also building Parallax, a decentralized inference engine designed to scale large language models and other AI applications.
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