The post Animoca Brands is the most active investor for Q3 with 21 projects appeared on BitcoinEthereumNews.com.

Animoca Brands lined up among the top investors in Q3, with a total of 21 deals. Its match is Robot Ventures, which focused on L2 projects and AI startups in crypto space.  Animoca Brands is reviving the Web3 gaming sector with its renewed focus and inflows. The fund, created after a successful fundraising, moved beyond its own game and incubated top play-to-earn and Web3 projects. In the past three months, the total fundraising reached $3.03B with variations based on reporting. Animoca Brands is the highlight as a crypto insider fund, which helped foster the Web3 bull market in 2021. The strong investment results in August put 2024 fundraising ahead of the previous year. However, VC funds are not as active as during the 2021 bull market. The recovery of fundraising is also fragile and the trend may reverse quickly.  The closest competitor in terms of raw number of deals was Robot Ventures, a Tier 3 fund. This VC investor has an entirely different focus, mostly on seed rounds for infrastructure and DeFi. Unlike other funds, Robot Ventures was hitting its pace in 2024, breaking new records in terms of monthly deals. August was the most successful month with a total of nine deals. Robot Ventures also specializes in rounds of $3M to $10M, which make up around a third of all VC deals on average.  Animoca Brands cooperates with Tier 1 funds Animoca Brands completed a total of 21 deals in Q3, supporting a mix of games and DeFi startups. The fund, which is often seen in rounds with Tier 1 investors, has one of the most up-to-date portfolios, as it is able to grasp trends early and invest in the hottest narratives.  The fund is also receiving inflows from its previously incubated projects and is sitting on more than…

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Filed under: News - @ October 8, 2024 10:26 pm