funding
Kraken bags $42.5m from Optimism, Glow Labs raises $30m
Published
4 months agoon
By
admin

This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.
Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.
This has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.
Here are the firms that bagged million-dollar amounts during this period, according to data from Crypto Fundraising.
Glow Labs, $30 million
- Glow Labs is a community-powered platform that aims at ramping up global solar energy adoption.
- The firm raised $30 million from Framework and Union Square Ventures.
Nillion, $25 million
- Nillion has raised $25 million from investors like Hack VC.
- So far, the decentralized network for secure storage has raised $50 million.
Ellipsis Labs, $21 million
- The platform that builds sustainable and efficient DeFi protocols has raised $21 million from HAUN.
- Ellipsis Labs has raised a total of $23.3 million to date.
Chainway Labs, $14 million
- The blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology has raised $14 million in a Series A round from Founders Fund and other investors.
- Chainway Labs has raised $16.7 million so far.
Today, we announce our $14M Series A led by @foundersfund, joined by @maven11capital, @mirana, @erikvoorhees, @balajis, @bitfish1, @0xMert_ & more.
This will help us expand Bitcoin from digital gold to an active, programmable asset, with @CitreaOrigins driving this expansion
pic.twitter.com/DxkgoeLERH
— Citrea (@citrea_xyz) October 31, 2024
Gelato Network, $11 million
- Gelato Network has raised $11 million in a Series A round led by HACK VC.
- The decentralized backend for web3 has raised $23.2 million to date.
Sapien AI, $10.5 million
- Sapien is a gamified Web3 platform where users play and train AI by completing various challenges.
- The firm has raised $10.5 million in a seed round led by Variant.
PumpBTC, $10 million
- The liquid staking platform has raised $10 million in a seed round.
- Lead investors include SevenX Ventures, Mirana Ventures, etc.
BitSmiley, $10 million
- BitSmiley encompasses a stablecoin, a lending platform, and a derivatives protocol.
- The firm raised $10 million from various investors like Nxgen, IBC Group, etc.
Notable crypto VC funding rounds under $10 million
- Spire Labs raised $7 million in a seed round.
- Alliance Games raised $5 million in a Series A round.
- 81Ravens raised $4.5 million in a seed round.
- Phylax Systems raised $4.5 million in a pre-seed round.
- Nitro Labs raised $4 million in a seed round.
- MagmaDAO raised $3.9 million in a seed round.
- Native raised $2.6 million in a seed round.
- Axal raised $2.5 million in a pre-seed round.
- Streamflow raised $1.9 million.
- Cap Labs raised $1.9 million in a pre-seed round.
- KRNL Labs raised $1.7 million in a pre-seed round.
Have a peek at last week’s column here.
Source link
You may like
XRP $15 Breakout? Not A Far-Fetched Idea—Analysis
Here’s why the Toncoin price surge may be short-lived
Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report
BTC Rebounds Ahead of FOMC, Macro Heat Over?
Solana Meme Coin Sent New JellyJelly App Off to a Sweet Start, Founder Says
Toncoin open interest soars 67% after Pavel Durov departs France
funding
Blum receives $5 mn funding; seeks expansion in diverse markets
Published
4 weeks agoon
February 16, 2025By
admin
This week, Blum, the telegram-based cryptocurrency trading platform, announced the completion of its seed funding round.
Announcing via X post on 12 Feb, Blum has received $5 million in pre-seed and seed funding, with major investment coming from the prominent VC firm, Gumi Cryptos. Other funders included YZi Labs, Spartan Capital, OKX Ventures, Wintermute, No Limit Holdings, and Bitscale. This comes after in September, it received an investment from Binance Labs, one of the largest cryptoexchanges, Binance’s venture capital firm.
Blum is set to use the $5M funding to fuel its 2025 vision of providing Blum’s 90M+ users a seamless and innovative trading ecosystem. Currently available across over 30 Blockchain networks, including Ethereum, Solana, Binance Smart Chain, and TON, its hybrid exchange model allows users to trade tokens seamlessly without the need to switch between multiple platforms.
Blum has secured $5M in pre-seed and seed funding, paving the way for the future of trading for our 90M+ users!
Led by @GumiCryptos and backed by @yzilabs, @TheSpartanGroup, @nolimithodl, @OKX_Ventures, @topdotco, @BitscaleCapital, and @wmt_ventures, this funding fuels our… pic.twitter.com/aohxybr7ee
— Blum (@blumcrypto) February 12, 2025
Blum to use funding for
Founded by former Vice-president at Binance, Gleb Kostarev acting as CEO and one of the co-founders, Blum since its launch in July last year has grown in both popularity and user base. With its telegram-based trading bot designed specifically for Gen Z and millenials in mind, it has been working towards making crypto trading simple for new and novice users. Its transition from its earlier Tap-to-Earn model to Trade-to-Earn in 2025 also aimed at incentivising the users for the same.
Now with the received funding, Blum is set to develop and work on:
- multi-chain trading bots,
- AI-powered Memepad,
- Perpetual Futures trading.
The development of multi-chain trading bots will add another layer of functionality and convenience for its users. This would make it easier for traders to access and interact with a diverse set of assets across multiple blockchains.
The AI-powered Memepad platform that it aims to develop further is what currently allows its users to launch their own Memecoins and then trade with ease. The AI tools embedded in it automate the steps involved in creating a new memecoin. This removes the complexity that typically comes with token creation, such as coding smart contracts or deploying them on a blockchain. Blum’s memepad is ranked as second globally, with over $200 million in trading volume, and guiding the creation of 200,000 tokens created in which over 380 coins have been listed on DEXs.
By developing Memepad, Blum is tapping into the growing trend of memecoins and community-driven projects, which have become a significant part of the cryptocurrency landscape.
Blum to become the full-fledged DEX?
In November last year, Blum also received an investment from The Open Platform (TOP), a venture builder in Telegram’s TON ecosystem.
As the TON currently lacks a major Decentralised Exchange (DEX), Blum using its Telegram-based trading and Trade-to-Earn feature can complete the vacuum in TON’s need for a major DEX. Its vision of expanding its trading services beyond TON can accelerate its development into a full-fledged decentralised exchange. This will allow users to swap not only tokens available on TON but cross-chain.
There are certain challenges too. Currently, Blum is more of a hybrid platform that integrates multiple blockchains and allows users to trade across them. To become a true DEX, Blum would need to operate on decentralized governance and infrastructure, ensuring that there’s no central authority controlling the platform. While Blum aggregates liquidity across different chains, it would need to establish deeper liquidity pools, and facilitate both automated market makers (AMMs) and possibly order book-based trading to appeal to a wide variety of traders.
Thus, as Blum seeks to expand to wider and diverse markets including APAC – as highlighted by one of its co-founders – Blum’s evolution into a developed DEX and its efforts at making crypto trading simple is something that must be closely monitored.
Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Blockchain
Sei Foundation launches $65m DeSci venture fund
Published
2 months agoon
January 29, 2025By
admin

Sei Foundation has unveiled a $65 million venture fund aimed at investments in the decentralized science ecosystem.
In an announcement first published by The Block, the Sei Foundation said its “Sapien Capital – Open Science Fund I” will look to invest in DeSci projects building on the layer 1 blockchain Sei (SEI).
With the crypto and blockchain space transforming science funding, and DeSci research gaining traction, the $65 million fund aims to redefine the sector. According to the Sei Foundation, Sapien Capital will not only change how science is funded but also how it is shared and validated.
According to the announcement, the new fund is not designed for the Sei ecosystem and, therefore, does not include grants.
Instead, it is targeted at venture investments in DeSci startups, including those focused on gamified drug discovery and wearables. The fund will invest in both project tokens and equity, with check sizes ranging from $100,000 to $2 million.
Sapien Capital plans to fully deploy its capital within the next three to four years, Sei Foundation’s head of business development and investments, Justin Barlow, said.
Interest in DeSci has VC investment from some of the leading venture funds in the space. This includes a16z Crypto’s investment in AminoChain last September and YZi Labs, previously Binance Labs’ bet on BIO Protocol in November.
Source link


The second week of 2025 began with the $32.70 million sale of FTX EU to Backpack. Total known investments came in at roughly $189.96 million across various blockchain sectors.
The activity shows steady capital flow in the early days of the new year. The second week’s funding numbers are almost $100 million more than that of the first week’s $88 million.
The week’s activity centered on centralized exchanges, AI integration, and infrastructure development, with projects at different stages drawing capital. Let’s look at the key events per Crypto Fundraising data.
VOOX, $50 million
- Raised $50 million in an unknown round
- The investment was backed by Pinnacle Venture
- VOOX is building an AI-powered trading platform
VOOX Exchange, the AI-driven platform that knows you best, just secured a $50M investment from @VcPinnacle to revolutionize trading.
What does this mean for YOU?
Smarter AI tools to maximize your trades.
Rock-solid security for peace of mind.
A faster, smoother… pic.twitter.com/TjfLGUCRRs
— Crypto PM (@CryptoPM_) January 11, 2025
FTX EU, $32.7 million
- FTX EU bagged an M&A deal worth $32.7 million
- The project was acquired by Backpack
- FTX EU is the European arm of the crypto exchange
Backpack has acquired FTX EU and its MiFID II License.
Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products.
Crypto perps trading is coming back to Europe
pic.twitter.com/ExxYFufZHj
— Backpack
(@Backpack) January 7, 2025
OG Labs, $32.24 million
- Raised $32.24 million through public sale
- Combining AI with L1 infrastructure
- OG Labs is developing blockchain infrastructure tools
- The project has raised over $107.24 million so far
Eventflo, $20 million
- Eventflo secured $20 million in an unknown round
- The project is backed by Rothman Management
- Eventflo is working on payment solutions, marketing and event operations
SoSoValue, $15 million
- Raised $15 million in Series A with $200 million FDV
- SoSoValue is backed by HongShan, Mirana and SafePal
- The project is building an analytics platform and has raised $19.15 million so far.
https://twitter.com/SoSoValueCrypto/status/1876997896803078208
Notable crypto VC funding rounds under $10 million
- Nakamoto Games raised $10 million for P2E gaming on Polygon (MATIC)
- Alpen Labs secured $8.5 million in strategic funding
- Privasea raised $5.25 million Series A with $180 million FDV
- Superseed gathered $4.47 million through public sale
- ZKcandy secured $4 million in seed funding
- Rena Labs raised $3.3 million in pre-seed funding
- Starpower secured $2.5 million in an unknown round
- Ooga Booga raised $1.5 million in strategic funding
- BAD Coin gathered $1.25 million through public sale with $12.50 million FDV
- Enclave and Aligned Layer each raised $1 million
- Yiedl secured $735,000 in an unknown round
- Xterio raised $300,000 through public sale with $0.04 FDV
- Primex Finance gathered $50,000 through public sale
- Wise Monkey funding amount TBD
Source link

XRP $15 Breakout? Not A Far-Fetched Idea—Analysis

Here’s why the Toncoin price surge may be short-lived

Wells Fargo Sues JPMorgan Chase Over Soured $481,000,000 Loan, Says US Bank Aware Seller Had Inflated Income: Report

BTC Rebounds Ahead of FOMC, Macro Heat Over?

Solana Meme Coin Sent New JellyJelly App Off to a Sweet Start, Founder Says

Toncoin open interest soars 67% after Pavel Durov departs France

Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts

Telegram founder Pavel Durov leaves France, Toncoin surges

Ethereum Cost Basis Data Signals Strong Support At $1,886

Solana Cofounder Advocates For Decisive Governance As SIMD-228 Proposal Fails

Layer-1 Project MultiversX Continues To Top the Crypto Gaming Sector in Terms of Development Activity: Santiment

Kaito AI and founder Yu Hu’s X social media accounts hacked

Which AI Actually Is the Best at ‘Being Human?’

21Shares To Liquidate Bitcoin and Ethereum Futures ETFs, Here’s All

21Shares to Liquidate Active Bitcoin and Ether Futures ETFs Amid Market Downturn

Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025

Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist

Aptos Leverages Chainlink To Enhance Scalability and Data Access

Bitcoin Could Rally to $80,000 on the Eve of US Elections

Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje

Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals

Crypto’s Big Trump Gamble Is Risky

Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x

Has The Bitcoin Price Already Peaked?

A16z-backed Espresso announces mainnet launch of core product

Xmas Altcoin Rally Insights by BNM Agent I

Blockchain groups challenge new broker reporting rule

Trump’s Coin Is About As Revolutionary As OneCoin

Ripple Vs. SEC, Shiba Inu, US Elections Steal Spotlight

Is $200,000 a Realistic Bitcoin Price Target for This Cycle?
Trending
- 24/7 Cryptocurrency News4 months ago
Arthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
- Bitcoin2 months ago
Expert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
- 24/7 Cryptocurrency News2 months ago
Aptos Leverages Chainlink To Enhance Scalability and Data Access
- Bitcoin4 months ago
Bitcoin Could Rally to $80,000 on the Eve of US Elections
- Altcoins2 months ago
Sonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
- Bitcoin4 months ago
Institutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
- Opinion4 months ago
Crypto’s Big Trump Gamble Is Risky
- Price analysis4 months ago
Ripple-SEC Case Ends, But These 3 Rivals Could Jump 500x