Crypto News: Startup funding plunges 28% to $97M this week! 📉🚀

Crypto Investment Trends in June

As a crypto investor, it’s crucial to stay updated on the latest trends in the market. In the second week of June, startups raised about $97 million, marking a 28% decrease from the same period last year. This is a significant shift that you should be aware of as you navigate the crypto landscape.

In this article, we will break down the key highlights from the past week’s funding rounds and top deals to help you make informed investment decisions in the crypto space.

Startup Funding Insights

Here are some key insights into the startup funding landscape in the second week of June:

Startups raised around $97 million, a 28% decrease from the same period last year
- This represents a 70% reduction from the previous week’s total of $326.1 million
Data from Tracxn shows that startups, mainly at the early stage, raised funds from 13 rounds this week
- Compared to 34 rounds in the same period last year, where they raised a total of $134 million
Indkal Technologies raised $36 million, accounting for about 38% of the total corpus this week

Top Deals of the Week

Let’s take a closer look at some of the top funding deals from the second week of June:

Indkal Technologies: Consumer electronics startup raised $36 million in a funding round led by Mauritius-based Aries Opportunities Fund
Ethereal Machines: Manufacturing startup secured $13 million in a Series A round led by Peak XV Partners and Steadview Capital
Smartworks: Coworking startup raised $12 million in a funding round led by Ananta Capital
Hocco: New-age ice cream brand secured $12 million in a funding round led by the Chona Family and Sauce VC
Renee Cosmetics: The beauty brand raised $12 million in a Series B round led by Evolvence India and Edelweiss Group

Hot Take: Key Considerations for Crypto Investors

As a crypto investor, it’s essential to keep a close eye on the funding trends and top deals in the market. This will help you make informed decisions and stay ahead of the curve in the ever-evolving world of crypto investments.
Stay tuned for more updates on the latest funding rounds and investment opportunities in the crypto space.