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Chinese VC Funding Weekly Overview (7.12-7.16）
Blockchain Security Firm CertiK Raises $37M in Series B fundraising
Blockchain cybersecurity startup CertiK has raised $37 million in a Series B funding round that was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures. The blockchain and smart-contract security firm has raised $48 million since 2018, with a list of backers that includes Binance, IDG Capital, Lightspeed Venture Partners, Yale University and others. The strength of the Series B round reflects the explosive growth in decentralized finance (DeFi), which runs on automated smart-contract code and decentralized exchanges, some of which are subject to bugs and hacks.