crypto.news
Praxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data.
Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin (BTC) reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19.
Here are the firms that topped the list, according to Crypto Fundraising.
Praxis, $525 million
- Praxis is the first network state, which is building an online community of people with similar national consciousness.
- The firm leads the week’s crypto VC funding with $525 million raised.
- The primary investors in the fundraising include Gem Digital, Arch, Manifold, etc.
Ad astra. https://t.co/rxFtQTMy9t
— 𝔭𝔯𝔞𝔵𝔦𝔰 (@praxisnation) October 15, 2024
Blockstream, $210 million
- Blockstream is building a crypto-financial infrastructure based on Bitcoin.
- The company has raised $210 million from lead investor Fulgur Ventures.
- Blockstream’s crypto VC funding stands at $621 million in total.
Blockstream has closed a $210M convertible note financing round led by @FulgurVentures, driving our mission to bring Bitcoin into global finance.
— Blockstream (@Blockstream) October 15, 2024
This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest… pic.twitter.com/gi1ov0LCYU
Azra Games, $42.7 million
- Azra Games is a gaming studio that focuses on creating immersive-role playing games.
- In a Series A led by Pantera, the company raised $42.7 million.
Extraordinary games attract extraordinary investments.
— Azra Games (@AzraGames) October 15, 2024
We're thrilled to announce our $42.7m series A led by @PanteraCapital, with participation from @a16zcrypto, @a16zGames, and @NFX. https://t.co/4Dou0fK8Un@FranklinBi @AriannaSimpson @Tocelot @zebird0 @GigiLevy pic.twitter.com/Dq6DnSVUD0
Yellow Card Financial, $33 million
- Yellow Card Financial is a pan-African crypto exchange.
- The exchange raised $33 million in a Series C led by Blockchain Capital.
- Yellow Card Financial has raised a total of $89.5 million so far.
Big news at Yellow Card!🎉
— Yellow Card App (@yellowcard_app) October 16, 2024
We’ve raised US $33M in our Series C funding, led by @blockchaincap, bringing our total equity to $85M! This game-changing investment fuels our growth across Africa, enhancing our API and Widget products for seamless international payments. pic.twitter.com/w42CSo23aG
Towns, $25.5 million
- Towns is a web3 group chat protocol that allows communities to build blockchain-based gatherings.
- The firm has raised $25.5 million in a Series A by a16z Crypto, Benchmark and Framework.
"Towns raised $25.5 million from Andreessen Horowitz – The on-chain messaging platform launches today"@FortuneMagazine 👏https://t.co/USd7S8i3Nw
— Towns (@townsxyz) October 15, 2024
Bitnomial, $25 million
- Bitnomial is a crypto exchange based in the U.S. that offers futures and options trading for cryptocurrencies.
- The exchange raised $25 million from Ripple via a Series C funding round.
- Bitnomial has raised $36.6 million so far.
Bitnomial is announcing the upcoming launch of perpetual futures on our CFTC-regulated Bitnomial Exchange. As part of that, we will be launching @Botanical, a platform for all investors to trade perpetual futures, traditional futures, and options.
— Bitnomial (@Bitnomial) October 15, 2024
Read more here:… pic.twitter.com/oagZNhIAxh
ZkPass, $12.5 million
- The identity verification solution has raised $12.5 million in a Series A round, with a round valuation of $100 million.
- ZkPass has raised $15 million till date.
We’re thrilled to announce that zkPass has successfully secured $12.5M in a Series A funding round! This brings our total funding to $15M and will accelerate zkTLS development across Web3 ecosystems.
— zkPass (@zkPass) October 17, 2024
Shipping matters more than storytelling.
🧵 1/10 pic.twitter.com/RHeYeyxJIx
Opacity Network, $12 million
- Opacity Network is a zero-knowledge proof protocol that aids in enabling verification without disclosing any details.
- The firm has raised $12 million in a seed funding round.
1/ The hype is real.
— Opacity Network (@OpacityNetwork) October 15, 2024
Opacity has raised $12M led by @archetypevc and @BreyerCap, with support from @a16zcrypto CSX, @FinalityCap, @bodhi_ventures, @NorthIslandVC,@EV3ventures, @ambushcapital and @GD1_VC. pic.twitter.com/4R1v2VEoh4
Solv Protocol, $11 million
- Solv Protocol provides investors with access to crypto investments via a trustless fund infrastructure.
- The company raised $11 million in a strategic round with a round valuation of $200 million.
Announcing $25M in total fundraising to pave the way for mass adoption of Bitcoin staking, powered by our recently launched Staking Abstraction Layer (SAL).
— Solv Protocol (@SolvProtocol) October 14, 2024
🧵👇 pic.twitter.com/OOooj6g7Cr
Mento Labs, $10 million
- Mento Labs is a platform that creates and operates multi-currency stable assets.
- The firm has raised $10 million on Oct. 16.
📣 @MentoLabs proudly announces a $10M raise! 🎉
— Mento Labs (@MentoLabs) October 16, 2024
Amid growth and milestones, we're unveiling a stablecoin roadmap to introduce new decentralized local currency stablecoins across Africa, Asia, and Latin America. pic.twitter.com/CvMGLeMseA
Crypto VC funding rounds < $10 million
- Predicate: The decentralized network raised $7 million.
- ZeroBase: The ZK proof generation platform raised $5 million from investors like Binance Labs, Lightspeed Action, etc.
- Drop Protocol: Drop Protocol raised $4 million in a seed funding round.
- Plasma: The zero-fee payment platform raised $3.5 million.
- Pell Network: Pell Network raised $3 million in a pre-seed round.
- Blockcast: The content delivery network raised $2.85 million in a seed funding round.
- The Arena: The Arena raised $2 million in a pre-seed round.
- Hyve DA: The data availability network raised $1.85 million in a pre-seed round.
- Surge: Surge raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital, CoinGecko, etc.
- Hermetica: The DeFi platform raised $1.7 million in a seed round.
- Lombard: Lombard raised $1 million from Binance Labs.
- World of Dypians, CCData, Bracket Labs and Marketnode raised undisclosed amounts this week.