Crypto Venture Capital Update: Rain Secures $58 Million, OrangeX Raises $20 Million

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.