Lava Network, a modular blockchain technology developer, has raised around $15 million in a seed round sponsored by HashKey Capital, leading blockchain investor. The round, which was backed by other well-known investors including Jump Capital and Tribe Capital, as well as a number of high profile individual investors was also supported by Roche.

This investment took place at the time when the deliberate of HashKey Capital’s incensement activity of the blockchain space. Media sources including these reporters have cast doubt on the decision of the company to engage in 321 different crypto investments which is a total of huge sums, thereby leading the company to be one of the most active companies on the blockchain’s market.

In addition, the acquisition of a crypto business license within the Singaporean market, which represents a significant place for the access to regulated market, has been accounted as a strategically important step for the expansion plans of HashKey Capital. The company cannot yet sell regulated capital market products through its main firm. Instead, it needs to provide those products in the market via its local subsidiary.

At this point in time, when crypto financing goes side by side with the positive trend, the news appeared. A recent CNBC report indicated a 2.5% increase directed toward much more cryptocurrency businesses in Q4 2023 by venture capitalists; that was the first increase since March 2022. This is definitely a positive step as those crypto entrepreneurs who previously struggled to fund their projects in the last crypto winter will now have an easy time funding their startups.

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