Main Points:
- 23 startups secured over $154 million in funding in the blockchain space.
- Amount of funding exceeded last week’s total by almost $91 million.
- VC firms funded 10 more projects this week compared to last week.
Conduit Leads with $37 Million Funding
Conduit, a crypto infrastructure company, secured a dominant position by raising $37 million in a series A round, co-led by Paradigm and Haun Ventures.
MegaLabs Raises $20 Million for Ethereum Scaling Protocol
MegaLabs, developer of an Ethereum scaling protocol, raised $20 million in a seed round led by Dragonfly Capital, with support from key investors like Vitalik Buterin and Joseph Lubin.
Ora Receives $20 Million for AI Integration in Blockchain
Ora, focused on integrating AI into decentralized applications, raised $20 million, aiming to tokenize AI models and bring decentralized AI to the Ethereum ecosystem.
Crossover Markets Secures $12 Million for Technology Firm
Crossover Markets raised $12 million in a series A round to further develop its electronic communication network, CROSSx, as an institutional trading venue for digital assets.
Redacted Gains $10 Million for Web3 Entertainment Platform
Redacted, a web3 entertainment platform, raised $10 million, backed by prominent investors, to create engaging and rewarding user experiences through its RDAC token-powered ecosystem.
AnchorZero Raises $8 Million for Tax Savings Platform
AnchorZero secured $8 million in seed funding to offer tax-efficient solutions for startup equity transfer into Roth IRAs, providing significant tax advantages for founders.
Covalent Closes $5 Million Funding Round for Blockchain Data Infrastructure
Covalent closed a $5 million funding round led by RockTree Capital, launching the New Dawn Initiative to align more closely with the crypto community and expand operations across Asia.
SoSoValue Completes $4.15 Million Seed Round for AI-Driven Data Services
SoSoValue closed a $4.15 million seed round to expand its global researcher community and empower investors with AI-driven data services in the fast-paced crypto market.
