At least 19 startups have raised venture capital funding in the past seven days, with the largest investment going to tokenized real-world asset platform Huma Finance.
Huma announced on September 11 that it had raised $38 million in a fundraising effort led by Distributed Global, with participation from Hashkey Capital, Stellar Foundation, Folius Ventures, and Turkish private bank İşbank.
The company plans to expand its PayFi network globally with $10 million in capital raised and $28 million in revenue-generating RWAs. It also plans to go live on the smart contract networks of Solana (SOL) and Stellar (XLM) in the coming months.
In this week’s Crypto VC Funding column, we’re taking a look at the latest announcements from X.com and the investment tracking site Crypto Fundraising. Here’s what they announced between September 8 and September 14:
Fuse (Project Zero), $12 million
Fuse, a London-based decentralized renewable energy developer, has secured $12 million in a funding round led by Multicoin Capital.
PIN AI, 10 million dollars
PIN AI, an AI infrastructure company, has secured $10 million in pre-seed funding. The startup aims to develop the world’s first open-source Personal Intelligence Network (PIN).
The list of backers includes A16z CSX, Hack VC, Blockchain Builders Fund (Stanford Blockchain Accelerator), NEAR Protocol Founder Illia Polosukhin, SOL Foundation President Lily Liu, Symbolic Capital, Mysten CEO Evan Cheng, dcbuilder (Worldcoin Foundation), Foresight Ventures, Nomad Capital, Cresta Co-Founder Tim Shi, Espresso CEO Ben Fisch, Gitcoin Co-Founder Scott Moore, Alumni Ventures, and Dispersion Capital.
DRiP, $8 million
Drip Labs, the startup behind the Solana-based creator platform DRiP, raised $8 million in seed funding on September 9. NFX led the effort, with Coinbase Ventures and Progression also participating.
Nytro Lab (Castile) CAST, $8 million
Hong Kong-based developer Nytro Lab has secured $8 million in funding, which will likely be used to fund its first blockchain game, Castile, which entered beta testing on September 10.
SevenX and OKX Ventures led the round. Aptos Labs participated along with Amber Group, HashKey, and Leland Ventures. Castile’s co-publisher Matr1x also supported Nytro Labs.
Infinite, $6 million
The Block reports that Infinit has raised $6 million in a funding round. Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office Maelstrom participated in the effort.
Ship, $5.35 million
Moku has raised $5.35 million. Sky Mavis and A16Z GAMES led the round with participation from a number of backers including Contango Digital Assets, Arca, Framework Ventures, Bankless Ventures, Richard Dai of DRW, Holly Liu of Flori Ventures, 32-Bit Ventures, and Jason Lee of Phantom.
Round < $5 million
- Blocksense Network: $4M Seed Round Funding Led by Permutation
- syrup protocol: $3.75 million seed round; current valuation $25 million
- Fountain platform: $3.5 million in funding; backers include Foundation Capital, Caladan, Primal Capital, Druid Ventures, MHC, United Overseas Bank, NGC Ventures, Marin Ventures, and Blockchain Founders Fund.
- Wingbeat: The Stockholm-based protocol has raised $3.5 million from Borderless Capital and Tribe Capital, along with Antler and angel investors.
- Titan: The total amount raised was $3.5 million and was led by Round13 Digital Asset Fund, with participation from RN Financial Corp.
- T1 protocol: Ethereum scaling solution T1 Protocol successfully raised $2.5 million in a pre-seed funding round. Investors include A16z, Espresso, Frax, Cow Swap, ETH Global, ENSO, Injective, and Titan.
- Hyperbridge protocol: The Web3 Foundation, in partnership with Scytale Digital, led a $2.5 million seed funding round for Hyperbridge.
- amalgam: The decentralized lending exchange has closed a $2.5 million seed round co-led by Faction VC and Framework Ventures. Robot Ventures, Bodhi Ventures, NGC Ventures, Dewhales, and Blockchain Founders Fund also participated.
- Orange Cap Game (Vibes): A $2 million pre-seed angel round allowed Orange Cap to bring its IP to life through Vibes, a trading card game featuring Pudgy Penguins.
- Gas Hawk: The startup raised $1.6 million in a pre-seed funding round from 3SE Holdings, AVID3, Artemis Capital, Appworks, Redbeard Ventures, Alchemy, and several angel investors.
- Universal Health Token: Animoca, Polygon, and Tezos Support $1.2M Pre-Seed Funding Round for UHT
- Carrot CRT: The startup, whose mission is to “simplify the process of earning maximum yield in Solana’s DeFi ecosystem,” has raised $600,000 in a pre-seed funding round.
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