Global crypto companies raise a record $6.6 billion in September quarter – Mint

Global crypto companies raise a record $6.6 billion in September quarter – Mint

The total amount of funding for global blockchain companies hit a record $6.586 billion in the September quarter, almost double of that raised in all of 2020, according to market intelligence platform Blockdata.

In 2020, a total of $3.80 billion was raised by blockchain companies. The fund raised in the June quarter was also at an all-time high.

In August, CoinDCX had raised $90 million in its Series C funding round, led by Facebook co-founder Eduardo Saverin’s B Capital Group, along with other investors.

.

View Full Image

.

According to Blockdata, in total, there were 339 funding rounds during the quarter.

“On top is FTX Exchange, with its massive $900 million funding round in July. At the same time, this is the largest-ever funding round for a blockchain company to date,” the market intelligence platform wrote in a blog.

FTX Trading Ltd, owner and operator of FTX.COM, a cryptocurrency exchange, in July had announced the closing of a $900 million Series B fundraise, valuing the company at $18
Source…