🌎 Crypto Funding Rounds Top $200 Million

January’s Crypto Funding Roundup: AI and Infrastructure Development Take Center Stage

The final week of January saw significant investments in the cryptocurrency space, with a strong focus on artificial intelligence (AI) and infrastructure development. This week’s funding exceeded $200 million, with various sectors receiving investments, including mining operations, identity solutions, and gaming platforms.

Top Funding Rounds

Several notable funding rounds took place, with Cipher Mining securing $50 million from SoftBank, making it one of the largest investments of the week. Other notable investments include D3 Global’s $25 million Series A funding, Irreducible’s $24 million Series A funding, and Humanity Protocol’s $20 million funding.

Key Funding Rounds

Below are the key funding rounds of the week:

Cipher Mining: $50 million – SoftBank-backed Cipher Mining raised $50 million through a PIPE (private investment in public equity) deal to support its HPC data center development business.
D3 Global: $25 million – D3 Global secured $25 million in an unknown round, with the project backed by Paradigm and Coinbase Ventures, raising a total of $30 million.
Irreducible: $24 million – Irreducible raised $24 million in Series A funding, supported by Paradigm, Rain Capital Crypto, and Fenbushi Capital, with a total of $39 million raised.
Humanity Protocol: $20 million – Secured $20 million in an unknown round with a $1.10 billion fully diluted valuation (FDV), backed by Pantera and Jump, with a total of $50 million raised.
VitalVEDA: $20 million – VitalVEDA raised $20 million in an unknown round, backed by Rothman Management, creating an AI-powered fitness platform focusing on sports and dApp development.
Elastos: $20 million – Elastos raised $20 million in an unknown round, backed by Rothman Management, building identity and L1 infrastructure.
Sign: $16 million – YZILabs-backed Sign raised $16 million in an unknown round, with the on-chain infrastructure used for token distribution and credential verification, raising a total of $28.65 million.
Cryptio: $15 million – Cryptio secured $15 million in Series A funding, backed by Alven, 1kx, and other investors, raising a total of $26.2 million.
Pixion Games: $12.4 million – Pixion Games raised $12.4 million in an unknown round, backed by Delphi Digital, SkyMavis, and L1D, building P2E gaming on Avalanche.
World Liberty Financial: $10 million – World Liberty Financial secured $10 million in an unknown round, backed by Web3PORT, raising a total of $340 million.
– Pod Network raised $10 million in seed funding, backed by CSX, 1kx, and Blockchain Builders Fund.

Notable Crypto VC Funding Rounds Under $10 Million

Other notable funding rounds under $10 million include:

Cedar Money: $9.90 million – Raised for stablecoin development.
Analog: $5 million – Secured for multichain infrastructure with a $300 million FDV.
Pell Network: $3.50 million – Raised for Bitcoin ecosystem development.
Maalexi: $3 million – Gathered for marketplace development.
Mevvy: $2.80 million – Secured for cross-chain trading.
Canopy: $1.20 million – Raised for DeFi portfolio management.
McQueen Labs: $1.16 million – Secured for Solana ecosystem development.
Based: $420k – Gathered for Solana trading.
Clipper: Funding amount TBD – For DeFi solutions.