Praxis and Blockstream made headlines this week, each raising six-figure funding rounds, according to the latest data.
Cryptocurrency VC funding has seen a notable spike in the past seven days compared to last week, when Ithaca led the way with $20 million raised. However, this week, as Bitcoin (BTC) regained the $68,000 level, crypto.news analyzed and collected data from October 13th to October 19th.
According to Crypto Fundraising, the companies that topped the list are:
Praxis, $525 million
- Praxis is the first network nation building an online community of like-minded people.
- The company raised $525 million, making it the top crypto VC funding this week.
- Key investors in the funding include Gem Digital, Arch, Manifold, and more.
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 totals $621 million.
Azura Games, $42.7 million
- Azra Games is a game studio focused on creating immersive role-playing games.
- In a Series A led by Pantera, the company raised $42.7 million.
Yellow Card Financial, $33 million
- Yellow Card Financial is a pan-African cryptocurrency exchange.
- The exchange has raised $33 million in Series C led by Blockchain Capital.
- Yellow Card Financial has raised a total of $89.5 million to date.
Towns, $25.5 million
- Towns is a Web3 group chat protocol that allows communities to build blockchain-based gatherings.
- The company has raised $25.5 million in Series A funding from a16z Crypto, Benchmark, and Framework.
Bitnominal, $25 million
- Bitnomial is a US-based cryptocurrency exchange that offers cryptocurrency futures and options trading.
- The exchange has raised $25 million from Ripple through a Series C funding round.
- Bitnomial has raised $36.6 million to date.
ZkPass, $12.5 million
- The identity verification solution has raised $12.5 million in Series A funding, giving the company a round valuation of $100 million.
- ZkPass has raised $15 million to date.
Opaque Network, $12 million
- Opacity Network is a zero-knowledge proof protocol that enables verification without disclosing details.
- The company has raised $12 million in a seed funding round.
Solv Protocol, $11 million
- Solv Protocol provides investors access to crypto investments through a trustless fund infrastructure.
- The company raised $11 million in a strategic round, giving the round a valuation of $200 million.
Mento Lab, $10 million
- Mento Labs is a platform for creating and managing multi-currency stable assets.
- The company raised $10 million on October 16th.
Cryptocurrency VC funding round < $10 million
- Predicate: Decentralized network raised $7 million.
- ZeroBase: ZK proof generation platform has raised $5 million from investors including Binance Labs, Lightspeed Action, and more.
- Drop Protocol: Drop Protocol has raised $4 million in a seed funding round.
- Plasma: Zero-fee payments platform raises $3.5 million.
- Pell Network: Pell Network has raised $3 million in a pre-seed round.
- Blockcast: Content distribution network raises $2.85 million in seed funding round.
- The Arena: The Arena has raised $2 million in a pre-seed round.
- Hyve DA: Data Availability Network raises $1.85 million in pre-seed round.
- Surge: Surge has raised $1.8 million in pre-seed funding from investors including Gerstenbrot Capital and CoinGecko.
- Hermetica: DeFi platform raises $1.7 million in seed round.
- Mr. Lombard: Mr. Lombard raised $1 million from Binance Labs.
- This week, World of Dypians, CCData, Bracket Labs, and Marketnode raised an undisclosed amount.
Check out last week's column here.
