Cryptocurrency VC funding: Ithaca raises $20 million, Delta secures $11 million

The top two companies with the most funding this week were Ithaca and Delta, according to the data.

Cryptocurrency VC funding has increased in number and volume this week after last week's modest funding.

This is similar to the overall trend at the beginning of 2024, where VC crypto funding has surged and maintained throughout the year. According to Crypto Koryo data, the total investment amount and number of investments have sharply increased compared to the fourth quarter of 2023.

Crypto.news has compiled crypto fundraising data from October 6th to October 12th. Here's this week's top crypto VC funding data:

Ithaca, $20 million

• Ithaca is a project focused on extending distributed technology by creating an open source developer tools stack.
• The company recently raised $20 million from Paradigm.

Delta Airlines, $11 million

• Delta is a permissionless network that enables efficient interoperation between member domains.
• The company has raised $11 million from investors including Variant, DBA, and Figment Capital.

Hunord, $10 million

• Humanode is a cryptographic biometric network that introduces the Sybil resistance and governance model.
• The network has raised more than $22.76 million to date.
• The recently raised $10 million came from investors including Republic Crypto and Big Brain Holdings.

Open Network, $10 million

• Open Network (TON) is a layer 1 blockchain created by Telegram.
• TON has raised $58 million since its inception.
• The company has raised $10 million with investment led by Gate Venture.

PiP World, $10 million

• PiP World is a gamified platform created to facilitate financial trading and learning.
• The company recently raised a $10 million seed round led by Exinity.