The top two companies with the most funding this week were Ithaca and Delta, according to the data.
Cryptocurrency VC funding has increased in number and volume this week after last week’s modest funding.
This is similar to the overall trend at the beginning of 2024, where VC crypto funding has surged and maintained throughout the year. According to Crypto Koryo data, the total investment amount and number of investments have sharply increased compared to the fourth quarter of 2023.
Crypto.news has compiled crypto fundraising data from October 6th to October 12th. Here’s this week’s top crypto VC funding data:
Ithaca, $20 million
Ithaca is a project focused on extending distributed technology by creating an open source developer tools stack. The company recently raised $20 million from Paradigm.
Delta Airlines, $11 million
Delta is a permissionless network that enables efficient interoperation between member domains. The company has raised $11 million from investors including Variant, DBA, and Figment Capital.
Introducing Delta, a network of networks that share state
Delta is an integrated system built from the ground up to eliminate the trade-off between sovereignty and interoperability for developers.
We are pleased to announce $11 million in funding to help make this vision a reality pic.twitter.com/dUdkeEYhjX
— Delta (@deltadotnetwork) October 9, 2024
Hunord, $10 million
Humanode is a cryptographic biometric network that introduces the Sybil resistance and governance model. The network has raised more than $22.76 million to date. The recently raised $10 million came from investors including Republic Crypto and Big Brain Holdings.
Catacomb Crawlers is a roguelike mobile survival game that will be released as the first Civil Resistance game under Humanode’s incubation.
The game, developed by Emelos Studios, the team behind League of Legends, Valorant, Heroes of the New World, and Final Fantasy, has attracted over 240,000 downloads… pic.twitter.com/KHDfeKRwaq
— Hunode (@humanode_io) October 7, 2024
Open Network, $10 million
Open Network (TON) is a layer 1 blockchain created by Telegram. TON has raised $58 million since its inception. The company has raised $10 million with investment led by Gate Venture.
🚀 https://t.co/8kWqgEeplL invests $10 million in TON blockchain 🚀
✅ Strategic investments to accelerate Telegram-based projects and expand the TON ecosystem
✅ Launch CeFi-powered Telegram mini app and gate wallet inside Telegram
✅ Gate Group is TON Society’s… pic.twitter.com/238aog63Sh
— Gate.io (@gate_io) October 8, 2024
PiP World, $10 million
PiP World is a gamified platform created to facilitate financial trading and learning. The company recently raised a $10 million seed round led by Exinity.
Cryptocurrency VC funding round < $10 million
Bitlayer: The company raised $9 million in Series A led by Polychain Capitak, Franklin Templeton, SCB Limited, and others. Dragonz Land: This play-to-earn game has raised $9 million from Syndicate Capital. OpenGradient: Decentralized platform for AI models has raised $8.5 million in a seed round. Yara: DeFi protocol raises $8 million in seed round led by Polychain Capital, Ethereal Ventures. Kiva Ai: The company raised $7 million in a pre-seed round led by CoinFund. Apex Fusion: In a seed round, the company raised $6 million from TRGC. Semantic Layer: The company raised $3 million in a seed round led by Figment Capital. APRO: Oracle Solutions Platform raises $3 million in seed round led by Polychain Capital, Abcde Capital, and Franklin Templeton. Trendy: The social platform has raised $1.75 million in a pre-seed round led by Archetype. Fission Labs: Fission Labs raised $1.6 million in a pre-seed round led by Salt Find, Kraynos Capital, and Anthony Scaramucci. ZAP: Distribution Protocol raised $150,010 in a private investor-led public sale. Companies like TSFC and Bison Swap have also raised an undisclosed amount in the past seven days.
Click here for last week’s column.
