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Stripe buys Bridge, Bluesky bags $15m

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2 months ago

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Bridge, a stablecoin startup founded not even three years ago, announced a deal this week that would cause most crypto entrepreneurs to salivate.

Stripe, the San Francisco-based payment processing company, agreed to buy Bridge for $1.1 billion.

The transaction likely has crypto entrepreneurs wondering when their own ventures will be ripe enough to attract a big-name buyer. Until then, early-stage companies will have to continue courting venture capitalists to extend their runways.

Here are the latest startups doing just that, according to data from Crypto Fundraising collected between Oct. 20 and Oct. 26:

Bluesky, $15 million

  • Bluesky completed a Series A funding round.
  • The decentralized social media platform raised $15 million from lead investors like Blockchain Capital.

Variational, $10.3 million

  • Variational is a peer-to-peer trading protocol that is created for perpetual and generalized derivatives.
  • The firm has raised $10.3 million in a seed round led by investors like Bain Capital Crypto and Peak XV Partners.

Validation Cloud, $10 million

  • Validation Cloud is a web3 infrastructure platform that focuses on scalable and compliant infrastructure for enterprises.
  • The firm raised $10 million from True Global Ventures.
  • Validation Cloud has raised a total of $15.8 million so far.

Crypto VC funding rounds < $10 million

  • Web3 mobile gaming platform Party Icons raised $9 million.
  • Digital investment marketplace STOKR raised $7.98 million from Fulgur Ventures.
  • Karpatkey, which provides DAO Treasury services, raised $7 million.
  • Full-stack decentralized platform Azura raised $6.9 million in a seed round.
  • Non-custodial crypto trading platform Shuttle Labs raised $6 million from CMCC Global.
  • Crypto exchange Hata raised $4.2 million in a seed round led by Castle Island Ventures and Nic Carter.
  • Hana Network raised $4 million from investors like Binance Labs, Sushi, Orange DAO, etc.
  • Decentralized borrowing platform Fluid Protocol raises $3.9 million in a seed round.
  • Moonwalk Fitness has raised $3.4 million from lead investors like Hack VC.
  • Borderless has raised $3.3 million in a pre-seed round led by Amity Ventures.
  • Opti Games Studio raised $2 million with L1 Digital as the lead investor.
  • NFT marketplace Ordzaar raised $2 million from lead investors like LongHash Ventures.
  • Decentralized infrastructure platform Craftt raised $2 million in a seed round.
  • Decentralized exchange BulbaSwap raised $1.3 million from lead investors like Foresight Ventures.
  • Skyfire raised $1 million from Coinbase Ventures and a16z crypto.

Check out our last week’s column from here.





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Avalanche Labs secures $250m investment

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1 week ago

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December 14, 2024

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Mid-December has seen a surge in crypto VC funding, headlined by Avalanche Labs’ $250 million raise.

This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million. This is close to $180 million more than last week’s fundraise.

Crypto.news collected the data from Crypto Fundraising to analyze the projects that took home the highest funds during this period.

Avalanche (Ava Labs), $250 million

  • Secured $250 million in an unknown round
  • Backed by Galaxy, Dragonfly, and other major investors
  • Avalanche has raised a total of $540.5 million so far.

Nano Labs, $36.25 million

  • Raised $36.25 million in private funding
  • Nano Labs focuses on infrastructure and storage solutions

Klickl, $25 million

  • Secured $25 million in Series A funding with $125 million FDV
  • Supported by Web3PORT and Aptos Labs
  • Klickl is building CEX and payment solutions

Exabits, $15 million

  • Raised $15 million in seed funding with $150M FDV
  • Backed by Hack VC
  • Specializing in infrastructure development

Hyperbolic, $12 million

  • Secured $12 million in Series A funding
  • Supported by Variant, Polychain Capital, and Chapter One
  • Hyperbolic has raised a total of $19 million so far.

Relai, $12 million

  • Raised $12 million in Series A funding
  • Relai is building Bitcoin (BTC) ecosystem solutions
  • Backed by Ego Death Capital and Timechain

Waterfall Protocol, $11.6 million

  • Waterfall Protocol raised $11.6 million from investors like BOLT, Alpha Token Capital.
  • The firm has raised a total of $13.6 million so far.

Notable crypto VC funding rounds under $10 million

  • MegaLabs secured $10 million through public sale
  • Kast raised $10 million in seed funding
  • Lava gathered $10 million in Series A funding
  • Commonware secured $9 million in an unknown round
  • Sphere Labs raised $5 million in strategic funding
  • Soarchain gathered $4.5 million in an unknown round
  • SmarDex secured $4.5 million in seed funding
  • Fantasy top raised $4.25 million in seed funding
  • AgriDex gathered $4 million in strategic round with $28.50M FDV
  • Neptune Protocol secured $3.9 million in seed funding
  • Spicenet raised $3.4 million in seed funding
  • Glacier Labs gathered $3.37 million in public sale with $33M FDV
  • Superform Labs secured $3 million in strategic funding
  • Terrace raised $2.5 million in public sale with $25M FDV
  • Uranium Digital secured $1.7 million in pre-seed funding
  • Mandala Chain raised $1 million in pre-seed funding
  • Wild Forest gathered $100,000 in public sale with $45M FDV

Read more about last week’s crypto VC funding data here.





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World Liberty Financial raises $30m, Partior takes home $20m

Published

3 weeks ago

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November 30, 2024

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The final week of November 2024 has seen a shift toward DeFi and financial services in the crypto funding scene, with World Liberty Financial securing a $30 million investment.

The week has enjoyed cumulative investments exceeding $90 million. This is visibly less in comparison to last week’s $125 million and the previous week’s $120 million.

Crypto.news examined data from Crypto Fundraising to identify projects that raised the most capital during this period. Here’s a breakdown:

World Liberty Financial, $30 million

  • The Donald Trump-backed startup raised $30 million from billionaire Justin Sun
  • Sun founded the Tron (TRON) blockchain
  • Sun signed on to be an adiver, focusing on DeFi and Ethereum (ETH) ecosystem development

Partior, $20 million

  • Secured $20 million in Series B funding
  • Received investment from Deutsche Bank
  • The project develops payment solutions
  • Partior raised $80 million so far.

Kernel DAO, $10 million

  • Raised $10 million in an unknown round
  • Backed by Binance Labs and 15+ investors
  • Kernel DAO is building on the BNB Chain ecosystem

Balance (E-PAL), $10 million

  • Secured $10 million in an unknown round
  • Balance develops AI-powered gaming solutions
  • The project has raised $40 million so far.

Notable crypto VC funding rounds under $5 million

  • Schuman Financial raised $7.36 million in seed funding.
  • Avant Protocol secured $6.50 million in seed funding with a $25 million FDV.
  • Talus Network gathered $5 million in a strategic round with a $150 million FDV.
  • OpenTrade raised $4 million in seed funding.
  • U2U Network secured $3.80 million in an unknown round.
  • Rarimo raised $2.50 million in an unknown round.
  • Moongate gathered $2.50 million in an unknown round.
  • Bleap secured $2.30 million in pre-seed funding with a $10 million FDV.
  • BRKT raised $1.75 million in seed funding.
  • Margarita Finance secured $1 million in pre-seed funding.
  • N3MUS raised $800,000 in pre-seed funding.
  • Pulse gathered $400,000 in an unknown round.
  • Girin Labs secured $300,000 in an unknown round.

Find out more about last week’s crypto VC funding data here.





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SoftBank invest $1.5 billion to OpenAI

Published

4 weeks ago

on

November 28, 2024

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OpenAI employees would be allowed to cash out their company’s share worth $1.5 billion regarding the investment agreement with SoftBank.

SoftBank, a Japanese-based multinational investment company, is financing the world’s prominent artificial intelligence (AI) enterprise OpenAI with $1.5 billion. This agreement would allow the employee to gain a profit by selling their shareholding.

Through these corporate actions, SoftBank would have a bigger stake in the company, which is something that the CEO Masayoshi Son asked for quite a long time.

OpenAI’s employees who hold the share would have spare time before the end of the year, on Dec. 24. If the employees agree, they would benefit from around $210 per share, aligned with the most recent funding.

Current and previous employees could participate in the funding, but only those who had been granted restrictions and held the share for at least two years.

OpenAI, which has been considered a non-profit organization for a decade, is denied the issue that this funding is related to the newest company’s orientations, which will move to the profit-making enterprise.

SoftBank funding for emerging technologies

According to CNBC on Nov. 27, $1.5 billion in funding for OpenAI comes from SoftBank’s Vision Fund 2.

This funding was specifically used to invest in emerging technology and companies, including Nvidia, Uber, Exscientia, Glean, Perplexity, and Poolside. Through this investment, the company based in Tokyo will expand its horizon on investing in emerging technologies like artificial intelligence.

SoftBank’s Vision Fund 2 (SVF2) was initiated in 2019 and collected an investment commitment of up to $56 billion. In 2021, funding was invested in more than 250 companies, and the majority of the funding is a new investment.

Now, the funding is focused on accelerating the use of artificial intelligence, market leaders, and companies with a value over $1 billion or who have named a unicorn.



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