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Funding: PQShield Secures $37m, Renzo Raises $17m

This week, blockchain startups and crypto projects raised over $100 million in venture capital between June 16 and June 22.

PQShield led the pack, securing $37 million in a Series B round to advance its post-quantum cryptography solutions, with notable clients like Nvidia and AMD. The company aims to protect cryptographic systems against future quantum computer threats.

Renzo followed, raising $17 million in a Series A round for its Ethereum restaking protocol, which has a market cap of nearly $115 million and a total value locked of over $3.6 billion.

Particle Network raised $15 million to support its chain abstraction technology, while Sonic secured $12 million to simplify Web3 gaming. ZKX received $7.6 million to enhance perpetual swaps through social trading features.

The strategic long-term importance lies in the growing investment diversity, which underscores the evolving blockchain landscape.

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