Praxis takes home $525 million, Blockstream follows suit with $210 million

Praxis and Blockstream made headlines this week, each with six-figure fundraising rounds, according to the latest data.

Crypto VC funding has seen a notable increase over the past seven days compared to last week, when Ithaca led the pack with a $20 million increase. However, this week, like Bitcoin (btc) recovered the $68,000 level, crypto.news analyzed and compiled data from data from October 13 to 19.

These are the companies that topped the list, according to Crypto Fundraising.

Praxis, $525 million

  • Praxis is the first network state that is building an online community of people with a similar national consciousness.
  • The company leads the week’s crypto VC funding with $525 million raised.
  • Major investors in the fundraising include Gem Digital, Arch, Manifold, etc.

Blockstream, $210 million

  • Blockstream is building a Bitcoin-based crypto-financial infrastructure.
  • The company has raised $210 million from lead investor Fulgur Ventures.
  • Blockstream’s crypto VC funding amounts to $621 million in total.

Azra Games, $42.7 million

  • Azra Games is a game studio that focuses on creating immersive role-playing games.
  • In a Series A led by Pantera, the company raised $42.7 million.

Financial Yellow Card, $33 million

  • Yellow Card Financial is a pan-African crypto exchange.
  • The exchange raised $33 million in a Series C led by Blockchain Capital.
  • Yellow Card Financial has raised a total of $89.5 million so far.

Cities, $25.5 million

  • Towns is a web3 group chat protocol that allows communities to create blockchain-based meetups.
  • the firm has raised $25.5 million in a Series A from a16z Crypto, Benchmark and Framework.

Bitnomial, $25 million

  • Bitnomial is a US-based crypto exchange that offers futures and options trading for cryptocurrencies.
  • The exchange raised $25 million from Ripple through a Series C funding round.
  • Bitnomial has raised $36.6 million so far.

ZkPass, $12.5 million

  • The identity verification solution has raised $12.5 million in a Series A round, with a valuation around $100 million.
  • ZkPass has raised $15 million to date.

Opacity network, 12 million dollars

  • Opacity Network is a zero-knowledge proof protocol that helps enable verification without revealing any details.
  • The company has raised $12 million in a seed funding round.

Solv Protocol, 11 million dollars

  • The Solv protocol provides investors with access to cryptocurrency investments through a trustless fund infrastructure.
  • The company raised $11 million in a strategic round at a round valuation of $200 million.

Mento Laboratories, 10 million dollars

  • Mento Labs is a platform that creates and operates multi-currency stable assets.
  • The company raised $10 million on October 16.

Crypto VC funding rounds <$10 million

  • Predicate: Decentralized network raised $7 million.
  • ZeroBase: ZK test generation platform raised $5 million from investors like Binance Labs, Lightspeed Action, etc.
  • Drop Protocol: Drop Protocol raised $4 million in a seed funding round.
  • Plasma: The fee-free payment platform raised $3.5 million.
  • Pell Network: Pell Network raised $3 million in a pre-seed round.
  • Blockcast: The content delivery network raised $2.85 million in a seed funding round.
  • The Arena: The Arena raised $2 million in a pre-seed round.
  • Hyve DA: Data Availability Network raised $1.85 million in a pre-seed round.
  • Surge: Surge raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital, CoinGecko, etc.
  • Hermetica: The DeFi platform raised $1.7 million in a seed round.
  • Lombard: Lombard raised $1 million from Binance Labs.
  • World of Dypians, CCData, Bracket Labs, and Marketnode raised undisclosed amounts this week.

Check out our column from last week from here.



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