Praxis and Blockstream dominated the headlines this week with impressive six-figure fundraising rounds, highlighting a surge in crypto VC funding activity.
This past week saw a significant increase in crypto venture capital investments, particularly in light of Bitcoin (BTC) reclaiming the $68,000 mark. ECNETNews analyzed data spanning from October 13 to October 19, revealing a competitive funding landscape.
Here are the top firms that led the funding rounds this week.
Praxis, $525 million
- Praxis has emerged as the first network state, focused on fostering an online community united by shared national consciousness.
- With $525 million raised, Praxis stands as the week’s leader in crypto VC funding.
- Major contributors to this funding round include prominent investors.
Blockstream, $210 million
- Blockstream is dedicated to developing a Bitcoin-based crypto-financial infrastructure.
- The company successfully raised $210 million, primarily from a leading investor.
- This latest funding brings Blockstream’s total to an impressive $621 million.
Azra Games, $42.7 million
- Azra Games specializes in creating immersive role-playing games.
- The gaming studio secured $42.7 million in a Series A funding round.
Yellow Card Financial, $33 million
- Yellow Card Financial operates as a pan-African crypto exchange.
- The exchange raised $33 million in Series C funding, enhancing its total to $89.5 million.
Towns, $25.5 million
- Towns is a web3 group chat protocol enabling blockchain-based community gatherings.
- The firm raised $25.5 million in a Series A round.
Bitnomial, $25 million
- Bitnomial is a U.S.-based crypto exchange focused on futures and options trading.
- The company raised $25 million, increasing its total fundraising to $36.6 million.
ZkPass, $12.5 million
- ZkPass offers an innovative identity verification solution.
- The company raised $12.5 million in Series A funding, achieving a total of $15 million to date.
Opacity Network, $12 million
- Opacity Network specializes in zero-knowledge proof protocols for verification without revealing sensitive information.
- The firm raised $12 million in seed funding.
Solv Protocol, $11 million
- Solv Protocol provides a trustless fund infrastructure, giving investors access to crypto investments.
- The company secured $11 million in a strategic funding round.
Mento Labs, $10 million
- Mento Labs focuses on creating multi-currency stable assets.
- The firm raised $10 million on October 16.
Crypto VC Funding Rounds Under $10 million
- Predicate: $7 million raised.
- ZeroBase: $5 million raised.
- Drop Protocol: $4 million raised.
- Plasma: $3.5 million raised.
- Pell Network: $3 million raised.
- Blockcast: $2.85 million raised.
- The Arena: $2 million raised.
- Hyve DA: $1.85 million raised.
- Surge: $1.8 million raised.
- Hermetica: $1.7 million raised.
- Lombard: $1 million raised.
- Several others have also raised undisclosed amounts this week.
Stay tuned for more insights from ECNETNews in our upcoming articles.
