In a significant boost to the crypto VC space, Praxis and Blockstream captured the spotlight this week with multi-million dollar fundraising rounds. The crypto industry has seen a noticeable increase in VC funding, as Bitcoin reclaimed the $68,000 level. Here’s a look at the top companies raising capital from October 13 to October 19, as analyzed by Crypto Fundraising.
Praxis – $525 Million
Praxis, the first-ever network state that is building a digital community around a shared national consciousness, took the top spot, raising a remarkable $525 million. Key investors in this round include Gem Digital, Arch, and Manifold. Praxis leads the week’s fundraising with the largest capital infusion.
Blockstream – $210 Million
Blockstream, a company focused on building crypto-financial infrastructure on Bitcoin, raised $210 million from Fulgur Ventures. This recent funding brings Blockstream’s total crypto VC funding to $621 million, reinforcing its position as a major player in the blockchain infrastructure space.
Azra Games – $42.7 Million
Azra Games, a gaming studio specializing in creating immersive role-playing experiences, secured $42.7 million in a Series A funding round led by Pantera Capital. The company is set to capitalize on the growing gaming and crypto integration trend.
Yellow Card Financial – $33 Million
Yellow Card Financial, a pan-African crypto exchange, raised $33 million in a Series C round, led by Blockchain Capital. This funding brings Yellow Card’s total to $89.5 million, as the exchange continues to expand its services across Africa.
Towns – $25.5 Million
Towns, a Web3-based group chat protocol allowing blockchain-based community building, raised $25.5 million in a Series A round led by a16z Crypto, Benchmark, and Framework.
Bitnomial – $25 Million
Bitnomial, a U.S.-based crypto exchange offering futures and options trading, secured $25 million in a Series C round from Ripple, bringing its total funding to $36.6 million.
ZkPass – $12.5 Million
ZkPass, an identity verification platform, raised $12.5 million in Series A at a $100 million valuation. The total raised by ZkPass now stands at $15 million.
Opacity Network – $12 Million
Opacity Network, which uses zero-knowledge proof protocols for secure verification, raised $12 million in a seed funding round.
Solv Protocol – $11 Million
Solv Protocol, providing investors access to crypto investments through a trustless fund infrastructure, raised $11 million in a strategic round, valuing the company at $200 million.
Mento Labs – $10 Million
Mento Labs, a platform for operating multi-currency stable assets, raised $10 million on October 16.
Other Notable Funding Rounds (Under $10 Million)
- Predicate: Raised $7 million for its decentralized network.
- ZeroBase: Secured $5 million for its ZK proof generation platform.
- Drop Protocol: Raised $4 million in seed funding.
- Plasma: The zero-fee payment platform raised $3.5 million.
- Pell Network: Raised $3 million in a pre-seed round.
- Blockcast: Raised $2.85 million for its content delivery network.
- The Arena: Secured $2 million in a pre-seed round.
- Hyve DA: Raised $1.85 million for its data availability network.
- Surge: Secured $1.8 million in a pre-seed round.
- Hermetica: Raised $1.7 million for its DeFi platform.
- Lombard: Secured $1 million from Binance Labs.
Additionally, World of Dypians, CCData, Bracket Labs, and Marketnode raised undisclosed amounts this week.
Website: CentBit.Online – Crypto & Blockchain Expert Bangladesh
