At least 19 startups have raised venture capital money in the past seven days, with the largest round going to Huma Finance, a real-world tokenized asset platform.
they It was announced On September 11, the company announced that it had received $38 million in a fundraising effort led by Distributed Global. Hashkey Capital, the Stellar Foundation, Folius Ventures, and Turkish private bank İşbank also participated.
The company plans to use $10 million in equity funding and $28 million via yield-bearing RWAs to expand its PayFi network globally. It also plans to launch on Solana (SOL) and Stellar (XLM) smart contract networks in the coming months.
This week’s Crypto VC Funding column reviews the latest announcements from X.com and investment tracker, Cryptocurrency FundraisingHere’s what was announced between September 8 and September 14:
Fuse (Project Zero), $12 million
Fuse, a London-based decentralized renewable energy developer, has secured $12 million in a funding round led by Multicoin Capital.
PIN AI, $10M
PIN AI, an AI infrastructure company, has confirmed it has secured $10 million in seed funding. The startup aims to develop the world’s first open-source Personal Intelligence Network (PIN).
The list of backers includes: A16z CSX, Hack VC, Blockchain Builders Fund (Stanford Blockchain Accelerator), NEAR Protocol founder Illia Polosukhin, SOL Foundation President Lily Liu, Symbolic Capital, Mysten CEO Evan Cheng, dcbuilder (Worldcoin Foundation), Foresight Ventures, Nomad Capital, Cresta co-founder Tim Shi, Espresso CEO Ben Fisch, Gitcoin co-founder Scott Moore, Alumni Ventures, and Dispersion Capital.
DRiP, $8M
Drip Labs, the startup behind the Solana-based DRiP platform, raised $8 million in seed funding on September 9. NFX led the effort. Coinbase Ventures and Progression also attracted participation.
Nytro Lab (Castell) CAST, $8 million
Hong Kong-based Nytro Lab has secured $8 million in funding. The proceeds will likely go to Nytro Lab’s inaugural blockchain game, Castile, which entered beta testing on September 10.
SevenX and OKX Ventures led the funding round. Aptos Labs participated alongside Amber Group, HashKey, and Leland Ventures. Nytro Lab is also backed by Matr1x, a co-publisher of Castile.
Infinite, $6 million
Mass Reported Infinit has raised $6 million in a funding round. Participating in the effort were Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom.
$5.35 million ship
Moku has raised $5.35 million. Sky Mavis and A16Z GAMES led the round, with participation from a long list of backers including Contango Digital Assets, Arca, Framework Ventures, Bankless Ventures, Richard Dai of DRW, Holly Liu of Flori Ventures, 32-Bit Ventures, and Jason Lee of Phantom.
Tours < $5M
- Blocksense Network:$4 million in seed funding round led by Permutation
- Drinking Protocol: $3.75M seed round; now valuation $25M
- Fountain platform$3.5M in funding; backers include Foundation Capital, Caladan, Primal Capital, Druid Ventures, MHC, United Overseas Bank, NGC Ventures, Marin Ventures, and Blockchain Founders Fund.V
- small wingsStockholm-based protocol company has raised $3.5 million from Borderless Capital and Tribe Capital, along with Antler and angel investors.
- TitanTotal funding raised was $3.5 million, led by Round13 Digital Asset Fund; RN Financial Corp also participated.
- T1 protocolEthereum scaling solution T1 Protocol has raised $2.5 million in a seed funding round. Investors include A16z, Espresso, Frax, Cow Swap, ETH Global, ENSO, Injective, and Titan.
- super bridge protocolThe Web3 Foundation has teamed up with Scytale Digital to lead a $2.5 million seed funding round for Hyperbridge.
- amalgamThe decentralized lending exchange has closed a $2.5 million funding round co-led by Faction VC and Framework Ventures. Robot Ventures, Bodhi Ventures, NGC Ventures, Dewhales, and Blockchain Founders Fund also participated.
- Orange Cap Games (Vibes):A $2 million pre-seed funding round will allow Orange Cap to bring its intellectual property to life with its upcoming trading card game Vibes featuring Pudgy Penguins.
- Hook gasThe startup has raised $1.6 million in a seed funding round from 3SE Holdings, AVID3, Artemis Capital, Appworks, Redbeard Ventures, Alchemy, and several angel investors.
- global health symbolAnimoca, Polygon, and Tezos back UHT’s $1.2M seed funding round.
- CRT carrotThe startup, whose mission is to “simplify earning the highest yields across the Solana DeFi ecosystem,” Collected $600K in seed funding round.
To read last week’s column, click here.
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