Even with the onset of the crypto winter, 2022 was a turning point for venture capital funding. Cryptocurrency and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, which is more than all of last year. While deals have dwindled in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi), and cybersecurity still generate significant interest from the venture capital community. The latest issue of the VC Roundup highlights some of the most intriguing funding deals of the past month.

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Risks and Benefits of Venture Capitalists for Crypto Communities

ZEBEDEE closes $35M Series B

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ZEBEDEE, a payment processor for the Bitcoin (BTC) gaming industry, has raised $35 million from multiple investors including Kingsway Capital, The Raine Group and Square Enix. ZEBEDEE is essentially a platform that allows game developers to include programmable money, including BTC, in their games. According to Kingsway Capital Managing Partner Afonso Campos, the payment platform is powered by the Lightning Network, making ZEBEDEE the “Bitcoin enabler of choice” for its partners.

Blockchain Security Company Raises $90M Series A

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In July, blockchain security firm Halborn closed a $90 million funding round led by Summit Partners with additional participation from Castle Island Ventures, Digital Currency Group and Brevan Howard, among others. Halborn was founded in 2019 by ethical hackers offering blockchain security services. The company recently warned MetaMask users to be wary of a phishing campaign targeting their browser wallets.

DeFi Platform Hashflow Raises $25M in Series A Funding

Hashflow, a decentralized financial trading platform headquartered in San Francisco, has closed a $25 million funding round backed by some of the most prominent cryptocurrency venture capital funds. The investment round, which brings together Jump Crypto, Electric Capital, Dragonfly Capital Partners and GSR, will help Hashflow expand its product offering for market tokens and institutional traders.

Socios acquires 24.5% stake in Barca Studios

Fan engagement token platform Socios announced in early August that it would invest $100 million in Barca Studios, the digital content arm of FC Barcelona. Socios, owned by blockchain technology provider Chiliz, will help FC Barcelona accelerate its strategy of engaging with Web3 and Non-Fungible Tokens (NFTs). Specifically, Barca Studios is pursuing NFT and metaverse projects that will help the football club engage with its vast global fan base and will rely on the Socios blockchain to drive the strategy.

Crypto Biz: Gucci will “monkey” in cryptocurrency

EtherMail provides seed funding for wallet-to-wallet exchanges

Web3 Email Solution EtherMail has raised $3 million ahead of the planned launch of an encrypted wallet-to-wallet communication service. The release of EtherMail, scheduled for the third quarter, allows Web3 companies to send “enriched and relevant content directly to their asset owners,” thereby reducing the risk of communication fraud. The service also optimizes the distribution of community newsletters by providing offline, self-renewing mailing lists. The seed round was led by Fabric Ventures and Greenfield One.