HashKey Capital Leads Lava Network’s Seed Funding Round
Lava Network, a creator of modular blockchain technology, has successfully raised $15 million in a seed fundraising round. The round was led by HashKey Capital, one of the prominent investors in the blockchain industry. Jump Capital and Tribe Capital also co-led the funding round, with participation from North Island Ventures, Dispersion Capital, Alliance DAO, Node Capital, Finality Capital Partners, and other investors.
HashKey Capital: A Key Player in Crypto Investments
HashKey Capital has established itself as one of the most active venture capital firms in the cryptocurrency field. With 321 investments in the crypto space, HashKey is known for providing initial funding to numerous firms. The firm’s global presence has expanded with its recent licensing approval in Singapore. This allows HashKey to operate a regulated crypto business and offer capital market products through its local outlet.
Growth in Crypto Funding
A recent CNBC report revealed that venture funding for cryptocurrency businesses reached $1.9 billion in Q4 2023, marking a 2.5% increase from the previous quarter. This rise indicates a positive trend after two years of relatively low funding opportunities for crypto entrepreneurs. The increase in venture capital investments provides encouragement for founders who have faced challenges during the “crypto winter” period.
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