Crypto companies raised $600m in April despite despite market downturn, VCs say
By Lance Datskoluo
AI summary of the source article
Crypto companies raised just over $600 million in April, representing a roughly 75% drop from March according to DefiLlama data. Key transactions included a $200 million secondary share sale by Kraken parent Payward to Deutsche Börse and a $100 million Series C round for neobank Slash. Layer 1 blockchain developer Pharos also secured $44 million in Series A funding.