In this week’s venture capital update, over $253 million has been invested in the crypto startup ecosystem, with the majority of the funding directed towards the Celestia Foundation, a leading blockchain network.
Recent analysis highlights that between September 22 and September 28, more than a dozen companies successfully raised capital. Here are the key highlights of these funding rounds:
Celestia Foundation Raises $100 Million
Celestia Foundation, based in Liechtenstein, has secured $100 million in funding from major venture capital firms, spearheaded by Bain Capital Crypto, to further its blockchain initiatives.
Infinex Secures $65.29 Million
Decentralized exchange Infinex has raised $65.29 million through a non-fungible token (NFT) sale. Notable investors include Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC.
Pencils Protocol Gains $30 Million
Pencils Protocol, an innovative auction platform and yield aggregator, has attracted $30 million in its latest funding round, with investments from DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures.
Initia Attracts $14 Million
Initia has successfully raised $14 million in a Series A funding round. The round was led by prominent venture capitalists from Theory VC, with participation from Delphi Ventures and Hack VC.
Mawari Network Raises $10.8 Million
Mawari Network has successfully raised $10.8 million in strategic funding to advance its pioneering work in spatial computing. The organization is focused on streaming immersive experiences efficiently and affordably.
Mind Network Acquires $10 Million
Mind Network has secured $10 million in a pre-A funding round, with backing from investors such as Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, and IBC Group.
Darkbright Completes $6 Million Seed Round
Darkbright, a web3 studio known for its Smolbound role-playing game, has completed a $6 million seed funding round led by Bitkraft Ventures.
Daylight Secures $6 Million
Daylight, a crypto platform that offers a transaction recommendation API, co-led a $6 million seed funding round with Union Square Ventures and 1kx Network.
Gunzilla Games Receives $6 Million
Gunzilla Games has garnered $6 million investment from Delphi Ventures, marking the largest funding for the gaming studio. The capital will support development of the studio’s upcoming Web3 game, “Off The Grid.”
AminoChain Raises $5 Million
AminoChain, a decentralized biobank and Layer 2 network, has attracted $5 million in a seed funding round led by a16z crypto, bringing its total funding to $7 million.
Funding Rounds Under $5 Million
- Eigenpie: The restaking SubDAO focused on maximizing earnings for liquid staking token holders has raised $4 million.
- Meshmap: This open and decentralized platform has secured $4 million from a range of investors including a16z and others.
- Meridian: ParaFi Capital and other investors pooled together $4 million for this decentralized liquidity marketplace based in Hong Kong.
- Helixlabs: The startup raised $2 million in a pre-seed round, achieving a valuation of approximately $40 million.
- EarthFast: Nascent led a $1.4 million pre-seed funding round with participation from notable contributors.
Stay tuned for our next venture capital update for more insights.
