Praxis and Blockstream made significant waves this week with impressive six-figure fundraising rounds, according to the latest data.

Crypto VC funding has seen a noticeable surge over the past seven days. This uptick follows a quieter period last week when Ithaca led with a $20 million raise. As Bitcoin reclaimed the $68,000 level, data collected from October 13 to October 19 reveals the top firms in the crypto fundraising arena.

Top Fundraisers of the Week

Praxis – $525 Million

Praxis is pioneering the concept of a network state, focusing on building an online community of individuals with a shared national consciousness. Leading this week’s crypto VC funding, Praxis raised an impressive $525 million. Key investors include Gem Digital, Arch, and Manifold.

Blockstream – $210 Million

Blockstream is developing a crypto-financial infrastructure based on Bitcoin. The company raised $210 million, primarily from Fulgur Ventures, bringing its total funding to $621 million. This capital will accelerate layer-2 development, expand mining operations, and grow one of the world’s largest Bitcoin infrastructures.

Azra Games – $42.7 Million

Azra Games focuses on creating immersive role-playing games. In a Series A round led by Pantera, the company raised $42.7 million. This investment highlights the growing interest in the gaming sector within the crypto space.

Yellow Card Financial – $33 Million

Yellow Card Financial, a pan-African crypto exchange, raised $33 million in a Series C round led by Blockchain Capital. To date, the exchange has garnered $89.5 million, fueling its expansion across Africa and enhancing its API and Widget products for seamless international payments.

Towns – $25.5 Million

Towns is a web3 group chat protocol that allows communities to build blockchain-based gatherings. The company raised $25.5 million in a Series A round from a16z Crypto, Benchmark, and Framework.

Bitnomial – $25 Million

Bitnomial, a U.S.-based crypto exchange offering futures and options trading, raised $25 million from Ripple in a Series C funding round. The exchange has raised a total of $36.6 million so far.

ZkPass – $12.5 Million

ZkPass, an identity verification solution, raised $12.5 million in a Series A round, valuing the company at $100 million. To date, ZkPass has raised $15 million, accelerating its development across Web3 ecosystems.

Opacity Network – $12 Million

Opacity Network, a zero-knowledge proof protocol, raised $12 million in a seed funding round. This protocol enables verification without disclosing any details.

Solv Protocol – $11 Million

Solv Protocol provides investors with access to crypto investments via a trustless fund infrastructure. The company raised $11 million in a strategic round, valuing it at $200 million.

Mento Labs – $10 Million

Mento Labs, a platform for creating and operating multi-currency stable assets, raised $10 million. The firm is unveiling a stablecoin roadmap to introduce new decentralized local currency stablecoins across various regions.

Other Notable Fundraising Rounds Under $10 Million

  • Predicate: Raised $7 million.
  • ZeroBase: Raised $5 million from investors including Binance Labs and Lightspeed Action.
  • Drop Protocol: Raised $4 million in a seed funding round.
  • Plasma: Raised $3.5 million.
  • Pell Network: Raised $3 million in a pre-seed round.
  • Blockcast: Raised $2.85 million in a seed funding round.
  • The Arena: Raised $2 million in a pre-seed round.
  • Hyve DA: Raised $1.85 million in a pre-seed round.
  • Surge: Raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital and CoinGecko.
  • Hermetica: Raised $1.7 million in a seed round.
  • Lombard: Raised $1 million from Binance Labs.
  • World of Dypians, CCData, Bracket Labs, and Marketnode raised undisclosed amounts.

Stay updated with the latest news and trends in the cryptocurrency world to make informed investment decisions.

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