Crypto Venture Capital Update: Rain Secures $58 Million, OrangeX Raises $20 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Crypto VC Funding Overview
- Total Funding Amount: This past week, the crypto venture capital sector raised nearly $235 million, with significant contributions from various projects.
- Leading Investment: Rain led the funding rounds with $58 million in Series B funding for its stablecoin interoperability platform, bringing its total raised to $88.5 million.
Notable Funding Rounds
- M^0: The decentralized middleware protocol M^0 secured $40 million in Series B funding, increasing its total to $97.5 million, backed by investors like Polychain Capital and Ribbit Capital.
- OrangeX: The global crypto trading platform OrangeX raised $20 million in Series B funding, with total funds raised reaching $30 million, supported by Kryptos and SCI Ventures.
- aPriori: This project focused on DeFi, liquidity, and staking gathered $20 million in a strategic round, with investments from HashKey Capital, Pantera, and Primitive Ventures.
Smaller Projects and Sector Diversity
- Funding for Smaller Projects: Several smaller projects also received funding, ranging from $1.5 million to $15 million, indicating a diverse and active investment landscape within the crypto sector.
- Specific Amounts Raised:
- Hemi Labs: $15 million
- The Clearing Company: $15 million
- Magne AI: $10 million
- Hyperbot: $6.75 million
- Metafyed: $5.5 million
- Multipli: $5 million
- Splendor Labs: $4.5 million
- Almanak: $2.5 million
- Superfluid: $2 million
- Suzaku: $1.5 million
- Fly (ex Magpie Protocol): $340,000
Conclusion
- Investor Confidence: The substantial funding across various projects reflects strong investor confidence in the crypto space, with Series B rounds dominating the week's activities.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.