POPA ReconBiggest Fundraising Rounds in Summer
Biggest Fundraising Rounds in Summer Ten rounds, roughly $2.31B - and Kalshi alone is $1.12B of it, nearly half the total. That's the shape of crypto venture right now: one enormous check to a regulated venue, then a long tail of infrastructure. Everything below Kalshi is plumbing. Ionic Digital at $400M for mining and data center leasing, Gauntlet at $130M for risk simulation, RQD Clearing at $74M for clearing and custody, Fomo at $75M for onchain trading rails. Not one consumer app on the list. Investors are funding the layer that other companies build on, not the thing users open. SBI Ho…
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