Crypto Venture Funding Slows to $76.35 Million in Early August as Deal Activity Cools

Crypto venture funding slowed in early August, with projects raising a combined $76.35 million across 10 disclosed rounds between Aug. 1 and Aug. 9, according to data compiled by CryptoRank. The muted start underscores a broader cooling in deal momentum after the market closed July with roughly $1.50 billion raised across 43 rounds and June with about $1.48 billion across 61 rounds.

The largest single deal of the week was secured by Yellow Card, an Africa-focused crypto platform, which raised $40 million in a strategic round led by Polychain Capital and other participants. The deal stood out…  Read more

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