Baton, Wormhole, Rokid, Saga, Bazooka Tango, Authentic and Intract are among the latest startups to secure venture capital funding.
November strengthened venture capitalists’ confidence in crypto and Web3 projects, with major funding rounds returning to the charts alongside seed capital for early-stage firms.
Cross-chain protocol Wormhole, for instance, secured a $225-million investment at a valuation of $2.5 billion. The round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital and Arrington Capital.
Another example of capital flocking to Web3 is Rokid. Backed by Temasek Holdings, the startup secured $112 million at a valuation of $1 billion for international expansion, targeting the next generation of virtual reality hardware solutions.
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