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Blockchain infra startup Tenderly raises $40M after seeing 500% YoY revenue growth

TechCrunch

Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding – just months after closing on its Series A. It now covers a whole range of blockchains such as Ethereum, Avalanche, Fantom, Optimism and Arbitrum.

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Subspace Labs raises funding for a more scalable, sustainable blockchain

TechCrunch

As the crypto space has grown in popularity, some of the most popular blockchains have struggled to meet user demand. . New projects are aiming to tackle issues like notoriously high energy use, hefty gas fees and low transaction throughput that are plaguing some of the major blockchain networks.

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SoftBank co-led $66 million round for blockchain-focused InfStones

TechCrunch

Despite shaky markets, a steady stream of investors continue writing big checks for blockchain infrastructure providers. InfStones , which aims to help clients build applications across a number of blockchain platforms, closed a $66 million round led by SoftBank Vision Fund 2 and GGV Capital, the company announced on Wednesday.

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Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation

TechCrunch

As the crypto world continues to heat up, developers are clinging to the Ethereum network despite its general struggle to meet the stresses of a global network’s transaction load. In August, Lightspeed backed startup Offchain Labs in a raise that valued the blockchain scaling company at $1.2 billion fund.

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Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

TechCrunch

ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Founded in 2016, the startup’s last funding announcement was for its $10 million Series A, led by IDG, in May 2018.

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$10B crypto developer platform Alchemy buys coding bootcamp in first-ever acquisition

TechCrunch

Web3 developer infrastructure startup Alchemy, which last raised a $200 million Series C1 last February, has just made its first acquisition ever — and it’s in the education space. Alchemy, which aims to be the ‘de facto platform’ for developers to build on web3, is now valued at $10.2B.

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Vessel Capital emerges from stealth with $55M fund focused on web3 infrastructure and apps

TechCrunch

Crypto has become more global, so it’s not the same circle and group you might have seen in 2018-2020, and we want to be able to help more people.” Chen also serves as the CEO of Injective Labs , a blockchain for web3-focused financial apps, and Uddin is the head of business development for that company.