Crypto Fundraises Feb 21th - Feb 27th

In the week of Feb 27th, we found 26 rounds totaling $257.35 million.

Here’s a breakdown of amount raised by sector:

Hardware

Chain Reaction - Series C - A chip manufacturer based in Israel who is working on producing blockchain silicon products such as ASIC chips designed for mining Bitcoin and other digital assets. They plan on using their first chip which is planning on a 2024 launch to help fund more advanced chips designed for complex cryptographic problems. On February 23rd, they raised a $70 million Series C raising their total funding to over $115 million.

Infrastructure

Beldex is a security-first private blockchain ecosystem fueled by the $BDX utility coin enabling composable dApps and more through zk-SNARKS, EVM, and new BNS domains. The project is exchange partners with KuCoin, Changelly, Gate.io, MEXC, and others, and announced a raise of $25 million from DWF Labs on February 23d.