Crypto Fundraises June 22nd - June 29th

Welcome to Coinfeed’s Weekly Fundraising Report!

In the week of June 26th, we found 16 rounds totaling $53.9 million, excluding those with undisclosed amounts.

Below is a breakdown of the number companies that fundraised by sector:

DeFi

Vertex is a novel all-in-one Arbitrum-based DEX that offers every feature CeFi has plus more, with self-custody, leveraged trading of perpetuals, yield opportunities, lending and borrowing, and a professional trading interface. Traders can earn the projects own $VRTX token as they use the platform, while developers use Vertex's API and SDK to build new systems. The project raised on June 22nd a Strategic round from Wintermute.

Bracket Labs is a protocol for trading leveraged range-bound products in any volatility condition through several strategies that enable income generation, impermanent loss hedging, and access to fund depegging markets. BracketX is fully on-chain, and offers 1:1 collateralized positions with no centralized exchange risk, is easy to use for different participants, and brings sustainable yield opportunities. Bracket Labs raised on June 20th a Seed round of an undisclosed amount that was led by Binance Labs.