Copy
View this email in your browser

Congrats to my friend Jeni Mayorskaya, founder of Stork Club (maternity care platform) for raising $30M Series A led by General Catalyst. So proud of you!

This week, my partner Chris McCann wrote an extensive piece on DeFi Infrastructure 101 — Overview & Market Landscape and this quickly became #1 when you google "DeFI Infrastructure".  This article delineates Race Capital's view on Decentralized Finance (DeFi).   We truly believe DeFi is redefining the future of finance and money.

As of June 17, 2021, overall crypto market daily trading reached $1.5 trillion vs Nasdaq's $254 billion.  It's hard to believe that crypto trading volume is almost 6X bigger than Nasdaq! I had to count it twice when I saw the numbers.  😀  DeFi applications grew 10X from less than $1 billion in 2019, to over $10 billion in 2020, and over $80 billion at its peak thus far in 2021.

This shift is happening whether we like it or not.  There is a lot going on with the underlying infrastructure powering financial applications.  And it will change how we think about permission and control, transparency and risks.

Read about the future.

This week a total of 33 startups raised $1.3392B in funding, M&As: 

  • $547.3M goes to 11 Enterprise startups
  • $170M goes to 1 Mobile startup
  • $60.3M goes to 4 FinTech startups
  • $149M goes to 3 Crypto startups
  • $16M goes to 1 Recruiting startup
  • $12.5M goes to 1 Marketplace startup
  • $200.4M goes to 5 Healthcare startups
  • $121M goes to 2 BioTech startups
  • $5.2M goes to 2 Wellness startups
  • $25M goes to 1 Wearables startup
  • $16.5M goes to 1 Construction startup
  • $16M goes to 1 IoT startup
If you love this newsletter, ask your best friends to sign up.

Edith

See more details below:

 
  
  Funding (300 miles radius from Silicon Valley)

Enterprise Mobile FinTech Crypto Recruiting Healthcare BioTech Wellness Marketplace Wearables Construction IoT IPO & M&A (300 miles radius from Silicon Valley)  
Ask your friends to sign up for Silicon.news.
 
  






This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
RightVentures · 548 Market Street, #7142 · San Francisco, CA 94104 · USA