“`html

The cryptocurrency funding landscape witnessed significant activity this week, with total investments reaching $470.75 million between April 20 and April 26. Several blockchain and crypto projects secured capital across various sectors, with Bitdeer Technologies Group leading the charge. Below is a detailed breakdown of the major funding rounds that closed during this period:

Bitdeer Technologies Group: $179 Million

Bitdeer Technologies Group raised $179 million through loans and equity. The Singapore-based company specializes in blockchain technology and high-performance computing. This funding round was backed by Matrixport, a financial services platform founded by Bitdeer Chairman Jihan Wu. As of April 25, Bitdeer held 1,234.4 Bitcoin (BTC), produced 39.3 BTC, and sold 17.0 BTC.

Upexi: $100 Million

Upexi secured $100 million in a private placement deal, selling 35.97 million shares and 7.89 million pre-funded warrants at $2.28 each. The project focuses on finance, portfolio management, and the Solana (SOL) ecosystem. The funding round was led by GSR, with participation from prominent crypto venture capital firms such as Big Brain Holdings and Delphi Ventures. Upexi plans to allocate $5.3 million toward working capital and debt reduction while building its Solana treasury with the remaining funds.

Alpaca: $52 Million

Alpaca raised $52 million in a Series C funding round. The round attracted contributions from new and returning investors, including Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures. This funding will support Alpaca’s global expansion efforts, targeting enterprise institutions and fintech sectors in regions such as the US, the Middle East, and Asia.

Nous Research: $50 Million

Nous Research secured $50 million in a Series A round led by Paradigm. The startup focuses on artificial intelligence (AI), decentralized finance (DeFi), and infrastructure within the Solana ecosystem. To date, Nous Research has raised a total of $70 million.

Symbiotic: $29 Million

Symbiotic, a crypto staking protocol, closed a $29 million Series A funding round. The investment was led by Pantera Capital, with additional backing from Coinbase Ventures and several prominent angel investors, including those from Aave (AAVE), Polygon (POL), and StarkWare. Symbiotic launched its permissionless restaking platform on Ethereum (ETH) in January and aims to revolutionize blockchain security and economic alignment with its Universal Staking platform.

Theo: $20 Million

Theo raised $20 million in an undisclosed funding round. This investment was led by Hack VC and Anthos Capital, with participation from Manifold, Mirana, and other notable firms. Theo focuses on democratizing access to institutional-grade trading infrastructure.

Additional Funding Rounds Under $20 Million

  • Analog: Raised $15 million in an unknown funding round.
  • Arch Network: Secured $13 million in a Series A round.
  • Tally: Closed an $8 million Series A investment.
  • MagicBlock: Obtained $7.5 million in seed funding.
  • Mask Network: Raised $5 million in an undisclosed round.
  • Inco: Secured $5 million in funding.
  • Catalysis: Raised $1.25 million in a pre-seed round.
  • Inflow: Obtained $1.1 million in pre-seed funding.

The ongoing influx of capital into blockchain and cryptocurrency projects highlights the sector’s growing appeal to investors globally. As the industry continues to evolve, funding rounds like these are expected to play a critical role in driving innovation and adoption across various blockchain ecosystems.

“`

Post Views: 5