Thread by @mwill_crypto

0/ 💰 April has come to a close; a month that saw 64 projects building out the crypto and blockchain ecosystem receive some sort of funding - be it via corporate and traditional VC deals, private token sales, or grants programs.

Let's cover some highlights, shall we?

1/ 🏆 Which crypto funds were April's most active?

▪️@DCGco [4]: @LucidSightInc, @HorizenLabs, Merkle Science, Digital Assets Data
▪️@PanteraCapital [4]: @OffchainLabs, @Sparkswap, @FlexaHQ, @ErisX_Digital
▪️@FinLab_AG EOS VC Fund [3]: @NBT_AG, @Moonlighting, @Innoplexus

2/ 🔄 Despite a number of recent closures and staff layoffs in the sector, VCs continued to back crypto exchanges, with 8 announcing successful fundraises in April:

▪️ @VELICfinancial, @Liquid_Global, @OVEXio, @Sparkswap, BXA, @UniswapExchange, @BiKiCoin, @ErisX_Digital

3/ 🔦 Other active sectors:

▪️👾 [6]: @LucidSightInc, @AnimocaBrands, @TheMonetizr, Unitopia, @e11io, @Ether_Cards
▪️📊 [4]: @Chainalysis, @Innoplexus, Merkle Science, Digital Assets Data
▪️👤 [3]: @GlimpseProtocol, @C_Blockchain, @TrustedKey
▪️🎨 [2]: @ArtoryCom, @MakersPlaceCo

4/ 🔥 April's investments into projects working on blockchain data insights and analytics tools is noteworthy, for it marks the continuation of a trend identified by @riabhutoria and @wilson_withiam in @ResearchCircle's recent '1Q19 Crypto Retrospective' (pg. 43).

5/ 🇺🇸 State headquarters of U.S.-based projects that announced April fundraising:

🌉 CA = 13
🗽 NY = 7
🍀 MA = 2
🤠 TX = 1
💐 NJ = 1
Ⓜ️ MD = 1
🧓 VA = 1
🌲 WA = 1
🚘 MI = 1
🏔️ CO = 1
🌬️ IL = 1
🔔 PA = 1

6/ 🗺️ Country headquarters of projects (excluding the U.S.) that announced April fundraising (multiple counts only):

🇸🇬 SG = 6
🇩🇪 DE = 5
🇬🇧 UK = 3
🇿🇦 ZA = 2
🇨🇳 CN = 2
🇮🇳 IN = 2
🇭🇰 HK = 2
🇫🇷 FR = 2
🇨🇭 CH = 2

7/ 💪 The largest (disclosed) fundraises for April were:

🥇 $200M - @BithumbOfficial & @OneRootNetwork's Blockchain Exchange Alliance (BXA)
🥈 $50M - @ProofofCapital blockchain-focused venture fund
🥉 $30M - @CeloHQ's private Celo Gold token sale to @a16z crypto & @PolychainCap

8/ 🙋‍♂️ Worth noting, I decided to omit @ZenGo creator KZen's $4M seed round, which received a second wave of media coverage in April after firstly being announced in October 2018.

Apologies to any projects I may have forgotten or misrepresented, I tried my best. Forgiveness plz.

9/ ⌨️ I'd like to recognize the teams who won hackathon prize money in April. Some notable hackathons: @OdysseyHack, @ETHCapeTown, @Linkmetech, @TheBitcoinBay, @NuCypher/@CoinList.

Lastly, @Gitcoin Grants' growth is fast becoming a solid funding source for projects, too!

{fin}