Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions

Even with the onset of crypto winter, 2022 has been a watershed year for venture capital funding. Crypto and blockchain companies collectively raised $30.3 billion in venture capital in the first half of 2022, exceeding all of last year’s totals. While the number of deals has declined in recent months, startups at the intersection of blockchain payments, decentralized finance (DeFi) and cybersecurity are still attracting sizable interest from the VC community. The latest edition of VC Roundup highlights some of the most intriguing funding deals of the past month.

EtherMail secures seed funding for wallet-to-wallet communications

Web3 email solution EtherMail has raised $3 million ahead of the planned launch of its encrypted wallet-to-wallet communication service. Scheduled for release in the third quarter, EtherMail enables Web3 companies to send “rich, relevant content directly to their asset holders,” thereby reducing the risk of communication fraud. The service also streamlines community newsletter distribution by enabling autonomous, self-updating mailing lists. The seed round was led by Fabric Ventures and Greenfield One.