Original title: "Follow Smart Money VC Trends to Seize Potential Opportunities, Summary of Investment and Financing of Millions of Dollars in August-October"

Original source: veDAO

By understanding the investment direction of the smart money VC in the encryption industry, we can help you keep up with the new trends and capture opportunities more easily. This article summarizes 10 projects that raised more than 50 million US dollars in funding from August to October 2023. From the number of large financing events, it can be seen that the number of events decreased continuously from August to October. In terms of investment project types, the two major areas of "artificial intelligence" and "infrastructure" are still favored by capital this year. It is gratifying that most of the projects summarized in this issue are multi-round financing, which to some extent proves the strong vitality and market attraction of the projects. Unfortunately, there are no DeFi projects selected in this issue, and we look forward to more excellent projects appearing and being favored by the market and capital. Let's take a closer look at the top 10 projects selected in this issue.

1.Crusoe

Amount: 200 million US dollars.

Round: Debt Financing

Time: 2023-10-23

Investment institution: Investment company Upper90 promises to provide asset-backed financing to ensure access to more GPUs.

Historical total financing amount: 710 million US dollars (completed 4.5 million US dollars seed round financing in 2019, and completed 155 million US dollars debt financing and 350 million US dollars Series C financing in 2022).

Project Type: Infrastructure, Mining.

Project Introduction: Crusoe is a cryptocurrency mining company based in Colorado, known for its environmental practices. Crusoe's mission is to combine the future of computing with the future of climate by providing power to cryptocurrencies, clouds, and data centers by releasing wasted energy. As a builder and operator of clean computing infrastructure, Crusoe reduces the cost and environmental impact of the world's expanding digital economy. Crusoe is creating a future of computational innovation that reduces emissions instead of increasing them. Currently, Crusoe is still in the Alpha stage, and this financing will enable Crusoe to continue to invest rapidly in expanding the infrastructure needed for its artificial intelligence cloud products.

Twitter data: followers 4023, active and stable operation.

2.BitGo

Amount: 100 million US dollars.

Funding Valuation: 1.8 billion US dollars

Round: C Round

Time: 2023-08-16

Investment institution: undisclosed.

Historical total financing amount: 158 million US dollars (completed 42.5 million US dollars Series B financing in December 2017, completed 15 million US dollars financing in October 2018).

Project Type: CeFi, Liquidity.

Project Introduction: BitGo is the first digital asset company focused on serving institutional clients since 2013. It is a leader in digital asset security, custody, and liquidity, providing operational backbone for more than 1,500 institutional clients in over 50 countries, including many regulated entities and world-class cryptocurrency exchanges and platforms. BitGo offers market-leading trading and lending services through its primary brokerage services and serves as the custodian for the world's leading Bitcoin stablecoin, WBTC. This round of financing will be used for strategic acquisitions, with at least two transactions currently underway.

Twitter data: 49,000 followers, +0.4% in 7 days and +1.36% in 30 days, with active and stable operations.

3.STELSI

Amount: 100 million US dollars.

Round: Strategic Financing

Time: 2023-08-29

Investment firm: NGC Ventures Meta-Universe Fund.

Project Type: Metaverse Architecture, Real Estate.

Project Introduction: STELSI is a Web3-based lifestyle and Build to Earn platform that covers the entire process of urban construction design, construction, and management in the Metaverse ecosystem built using 3D development and production tools such as Unreal Engine. Users can earn tokens by achieving various construction goals that cannot be completed due to restrictions in real life. STELSI is primarily dedicated to fundamentally changing the architecture and real estate industry, with its central goal being to play a leading role in the creative metaverse architecture industry. This goal is achieved through the implementation of a decentralized token economy system, ensuring creators receive sustainable, transparent rewards and providing market participants with verified high-quality content.

Twitter data: followers 91.4k, active and stable operation.

4.Tenstorrent

Amount: 100 million US dollars.

Funding Valuation: 1 billion US dollars.

Round: Strategic Financing

Time: 2023-08-02

5.Anthropic

6.Prins AI

7.Elemental Cognition

8.Animoca Brands

9.Core Scientific

Time: 2023-09-21

Historical total financing amount: 151 million US dollars (44 million US dollars Series A financing in 2020, and 54 million US dollars financing completed in 2021).

Twitter data: followers 12.7k, active and stable operation.

10. MotherDuck

Amount: 52.5 million US dollars.

Time: 2023-09-20

Investment firm: Felicis led the investment, with participation from a16z, Madrona, Amplify Partners, Altimeter, Redpoint, and Zero Prime.

Historical total financing amount: 100 million US dollars (completed 47 million US dollars financing in 2022).

Project type: cloud service, data.

Project Introduction: MotherDuck is a start-up company that provides hosting services for DuckDB cloud databases. DuckDB is a fully functional, free, and open-source in-process OLAP database developed and maintained by the DuckDB community and DuckDB Labs. MotherDuck is an independent organization that works closely with DuckDB Labs to build cloud analytics services based on DuckDB. DuckDB includes a columnar vectorized query execution engine that still interprets queries, but processes a large number of values ("vectors") in a single operation, greatly reducing the overhead of processing each row in sequence in traditional systems such as PostgreSQL, MySQL, or SQLite. Vectorized query execution can significantly improve the performance of OLAP queries, effectively supporting the workload of data services and reducing the number of CPU cycles spent on each individual value.

Twitter data: followers 3961, active and stable operation.

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