Blockchain startups have raised $150.9 million in recent days. Partior’s announcement of a $60 million Series B round was the largest in the past week, signaling strong investment in the crypto space.
The blockchain sector saw a massive influx of capital this week, with 22 startups securing a total of $150.9 million in various funding rounds, according to Cryptocurrency Fundraising.
You can see the funding details for this week in the table below:
Largest funding round: Partior, $60 million
Partior, which leads the group, has raised $60 million in a Series B funding round to improve global interbank unified ledger systems for real-time clearing and settlement.
Peak XV Partners led the round. Valor Capital and Jump Trading Group also participated, along with existing investors JP Morgan, Standard Chartered and Temasek.
Partior, a fintech company, aims to use the funds raised in the round to expand its international network and integrate more currencies into its platform. It currently supports the US dollar, euro, and Singapore dollar.
Major banks such as DBS, JP Morgan and Standard Chartered are already using the company’s technology to facilitate payment flows.
Oracle Redstone, $15 million
Elsewhere, RedStone Oracles has secured $15 million in a Series A round to develop its modular blockchain oracle solution.
Arrington Capital, a blockchain venture capital firm, led the round, which saw contributions from Spartan, IOSG Ventures, and other notable investors.
Founded in 2021 during Arweave’s incubation program, RedStone has quickly gained momentum, now boasting over 100 customers and a valuation of $4 billion.
The company’s Oracle products aim to reduce gas fees for decentralized applications on Ethereum Virtual Machine (EVM) and RaaS networks.
SendBlocks, $8.2 million
Another big winner in crypto venture capital funding this week was Israeli startup SendBlocks, which specializes in blockchain data management.
The company raised $8.2 million in seed funding led by Castle Island Ventures. The round also included participation from other venture capital firms, including Pitango, Illuminate Financial, Laser Digital, and Starkware.
SendBlocks platform enables blockchain enterprises to identify critical data and leverage its technology to extract valuable insights from the blockchain.
Other noteworthy fundraisers
Tabby (formerly Treasureland):Raised $16.1M in public sale. Tabi is a decentralized marketplace for NFTs featuring trading, a launchpad, and a gaming platform.
In a June 14 post on X, the company noted that it had raised a staggering $5 million in just the first hour of its public token sale.
Zap$15 million secured from investors including Rarestone Capital and Cypher Capital. ZAP focuses on distributing reputation-based tokens to reward user contributions and is expanding its protocol to other blockchains.
The project says it will use the funds to help solve key issues in airdrops and launch pads, as well as roll out its services to new locations and blockchains.
Rome ProtocolIt emerged from obscurity with $9 million in funding from top-tier crypto venture capital firms like Hack VC and P2 Ventures.
The Rome Protocol aims to use Solana (SOL) as a auxiliary network to the Ethereum (ETH) layer 2 blockchain, thus enhancing efficiency without compromising user experience.