Crypto startups raise $485 million in February

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Venture capital (VC) funds invested $485 million in crypto startups in February, according to Defillama data. This represents a 5.3% month-on-month growth and the highest investment volume in the last three months.

Infrastructure-related startups received the most capital in February, with $387 million directed to these projects. EigenLayer received a $100 million investment from a16z in a private round, making it the largest VC placement in crypto startups in February.

Liquid staking platform EtherFi secured another significant investment of $27 million in a series round led by Bullish and CoinFund. Payments platform Oobit has raised $25 million in funding led by Tether and CMC Global, as well as a successful Series A funding round.

Groups building decentralized finance (DeFi) products have also received attention from investors, with more than $48 million earmarked for these projects in February. Superform Labs has raised $6.5 million in a seed round led by Polychain Capital to build a universal product marketplace.

Omega's plan to build the DeFi ecosystem on Bitcoin has been well-received by investors, leading to a $6 million private round involving Borderless Capital and Blockchain.com.

Web3-focused apps raised nearly $18 million from VCs last month. Bebole has secured $7 million from funds such as Samsung Next and Hashkey Capital to build the Web3 messaging app and social platform, the largest investment round in the crypto sector.

Game projects received 33 million dollars, new game studios received the most appropriate investments. Pantera Capital led an $8 million Series A round from game studio Helica. Another $8 million was invested in the Web3 game Pixelmon, with the participation of Animoka Ventures and Delphi Ventures.

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