Venture capitalists are still investing in blockchain startups, but on a highly selective basis. Detroit, MI-based Totle, which dubs itself the "Kayak of Crypto," has raised $1 million in a seed round from a trio of institutional investors. These investors include Arrington XRP, Singapore-based NEO Global Capital (NGC), and Goren Holm Ventures.
The latest round brings the Totle fundraising tally to more than $3 million. Totle Founder and CEO David Bleznak told Crypto Briefing that it is an "interesting time to be looking to raise capital," adding:
A lot of the decrease in the value of the...
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