Crypto Fundraising Soars In February Compared To January: A Bull Market Ahead?

Six major crypto projects raised a total of $301.9 million in February. That's a 34% increase from the previous month's fundraising amount, according to a report.

These projects hope to expand infrastructure, scale services, and hire top talent, DeFi TVL aggregator DefiLlama stated in a report on Thursday.

One of those projects is Chain Reaction. The Israeli startup raised $70 million in Series C funding to focus on disruptive blockchain and privacy hardware to accelerate blockchain and privacy. Other fund-raising projects include:

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• SALT, a blockchain-backed loan provider, raised $64.4 million in Series A funding to build a surplus and offer transparency and proof of reserves to win back nervous customers.
• Taurus, a digital asset infrastructure company, raised $65 million in Series B funding to hire top engineering talent, expand sales and customer success, and maintain stringent security, risk, and compliance requirements.
• Carbonplace, also known as the "SWIFT of carbon markets," raised $45 million in seed funding to scale its services to a larger client base of financial institutions and seek partnerships with other carbon market players.
• Crypto mining TeraWulf raised $32 million in equity funding, which it plans to utilize for expanding its facilities in New York and Pennsylvania.
• Lastly, Ethereum-based protocol Towns raised $25.5 million in Series A funding to use programmable smart contracts to control administration, privacy, and roles within digital town squares, where it seeks to have users gather to communicate, create, and share.

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