“`html

Crypto Funding Activity: May 18-24 Overview

The cryptocurrency funding space experienced significant activity between May 18 and May 24, with total investments reaching $307.5 million. Leading the charge was World Foundation’s $135 million raise. This week’s funding primarily targeted ventures in finance, banking, payment solutions, and financial services.

World Foundation Secures $135 Million

World Foundation raised an impressive $135 million from investors including a16z crypto, Bain Capital Crypto, and Selini. To date, Worldcoin has secured a total of $375 million. According to announcements, the funds will be allocated to expand its iris-based identity network, known as World ID.

Slash Raises $41 Million in Series B

Slash successfully closed a $41 million Series B funding round, bringing its fully diluted valuation to $370 million. The investment was backed by Goodwater Capital, and the project’s total funding now stands at $60 million.

Catena Labs Secures $18 Million in Seed Round

Catena Labs raised $18 million in a seed funding round supported by a16z crypto, Breyer Capital, and Z Ventures. The project also gained one new investor during this round, marking a significant milestone for its early-stage development.

Roxom Attracts $17.9 Million

Roxom successfully gathered $17.9 million in an unknown funding round. Key investors included Draper Associates, Borderless Capital, and Kingsway Capital. The project’s total funding now stands at $22.2 million.

TrueX Raises $11 Million for Stablecoin DeFi App

TrueX, led by a team of Coinbase alumni, secured $11 million to launch True Markets, a stablecoin-native DeFi application operating on Solana. The app offers real-time execution and self-custody for users. The funding was supported by Accomplice, Framework Ventures, and Reciprocal Ventures, pushing TrueX’s total funding to $20 million.

Other Projects Under $6 Million

Several smaller projects also made noteworthy progress during the week:

  • Hyperdrive: Raised $6 million in a Series A funding round.
  • Acurast: Secured $5.4 million through a public sale, achieving a fully diluted valuation of $90 million.
  • VOYA Games (Craft World): Raised $5 million in an unknown funding round.
  • Rover: Secured $4.1 million in seed investment.
  • Stablecorp (QCAD): Raised $1.8 million in an unknown round.
  • Fermi Labs: Bagged $1.2 million in a pre-seed round.

The week’s funding highlights demonstrate the continued interest and investment in the cryptocurrency ecosystem, particularly in financial services and innovative blockchain applications.

“`

Post Views: 0