In the past week, at least 19 startups secured venture capital funding, with the highest amount awarded to Huma Finance, a platform focused on tokenized real-world assets.
On September 11, Huma announced that it had raised $38 million, led by Distributed Global, with contributions from Hashkey Capital, the Stellar Foundation, Folius Ventures, and Turkish private bank İşbank.
The funds will enable the company to expand its PayFi network internationally, utilizing $10 million in equity financing and $28 million through yield-generating RWAs. The company is also set to launch on the smart contracts networks of Solana (SOL) and Stellar (XLM) in the upcoming months.
This week’s crypto venture capital funding recap presents the most recent updates from X.com and the funding tracker, Crypto Fundraising. Here’s what was confirmed from September 8 to September 14:
Fuse (Project Zero), $12 million
Fuse, a London-based startup focusing on decentralized renewable energy solutions, has secured $12 million led by Multicoin Capital.
PIN AI, $10 million
PIN AI, an AI infrastructure startup, confirmed a pre-seed funding round of $10 million. Their goal is to create the world’s first open-source Personal Intelligence Network (PIN).
Investors in this round include 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 team behind the Solana-based platform DRiP, successfully raised $8 million in seed funding on September 9, led by NFX, with participation from Coinbase Ventures and Progression.
Nytro Lab (Castile) CAST, $8 million
Nytro Lab, based in Hong Kong, secured $8 million in funding, which will be directed towards their first blockchain game, Castile, which entered beta testing on September 10.
The round was led by SevenX and OKX Ventures, with contributions from Aptos Labs, Amber Group, HashKey, and Leland Ventures. Matr1x, the co-publisher of Castile, is also supporting Nytro Lab.
Infinit, $6 million
The Block reported that Infinit raised $6 million in a funding round, with participation from Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom.
Moku, $5.35 million
Moku managed to raise $5.35 million, led by Sky Mavis and A16Z GAMES, with support from numerous investors including Contango Digital Assets, Arca, Framework Ventures, Bankless Ventures, Richard Dai from DRW, Holly Liu from Flori Ventures, 32-Bit Ventures, and Jason Lee from Phantom.
Rounds < $5 million
- Blocksense Network: $4 million in seed funding led by Permutation
- Syrupal Protocol: $3.75 million seed funding round; valuation is now $25 million
- Fountain Platform: $3.5 million raised from backers including Foundation Capital, Caladan, Primal Capital, Druid Ventures, MHC, United Overseas Bank, NGC Ventures, Marin Ventures, and Blockchain Founders Fund.
- Wingbits: A Stockholm-based protocol raised $3.5 million from Borderless Capital and Tribe Capital, along with Antler and angel investors.
- Titan: The funding round totaled $3.5 million, led by Round13 Digital Asset Fund; RN Financial Corp also participated.
- T1 Protocol: The Ethereum scaling solution secured $2.5 million in a pre-seed round, with investors including A16z, Espresso, Frax, Cow Swap, ETH Global, ENSO, Injective, and Titan.
- Hyperbridge Protocol: The Web3 Foundation collaborated with Scytale Digital to lead a $2.5 million seed funding round for Hyperbridge.
- Ammalgam: The decentralized lending exchange reached $2.5 million in a seed round co-led by Faction VC and Framework Ventures, with participation from Robot Ventures, Bodhi Ventures, NGC Ventures, Dewhales, and Blockchain Founders Fund.
- Orange Cap Games (Vibes): The $2 million pre-seed angel round enables Orange Cap to develop its trading card game Vibes featuring Pudgy Penguins.
- GasHawk: 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: Supported by Animoca, Polygon, and Tezos, $1.2 million was raised in a pre-seed funding round for UHT.
- Carrot CRT: The startup, aiming to “simplify earning top yields across Solana’s DeFi ecosystem,” secured $600,000 in a pre-seed funding round.
For last week’s column, click here.
