93% of Last Week's Crypto Venture Money Went to Companies That Move Regulated Dollars
Crypto VC funding reached $292.35 million across ten disclosed deals in the week to 5 September, and 93% of it went to payments and banking infrastructure instead of to tokens. Two details in the funding structures are worth more than the headline totals. Félix's $200 million is not one round. Andreessen Horowitz led an $87 million equity round; General Catalyst provided a $113 million credit facility. A credit facility is…
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