🌎 Crypto Startups Raise Millions in Venture Funding This Week

At least 19 startups raised venture capital funds over the past seven days, with the largest round going to Huma Finance, a tokenized real-world assets platform.

Huma announced on Sept. 11 that it received $38 million in a fund-raising effort led by Distributed Global. Hashkey Capital, the Stellar Foundation, Folius Ventures, and Turkish private bank İşbank also participated.

The company plans to use the $10 million in equity financing and $28 million via yield-bearing RWAs to expand its PayFi network globally. It also plans to go live on Solana (SOL) and Stellar (XLM)’s smart contracts network in the coming months.

Crypto Venture Capital Funding Announcements

This week’s crypto VC funding column pulls the latest announcements from various sources. Here’s what was announced between Sept. 8 and Sept. 14:

Fuse (Project Zero): $12 Million

Fuse, a London-based decentralized renewable energy developer, secured $12 million in a funding round led by Multicoin Capital. Project Zero aims to accelerate global renewable energy adoption by rewarding network contributors.

PIN AI: $10 Million

PIN AI, an AI infrastructure company, confirmed $10 million in pre-seed funding. The startup aims to develop the world’s first open-source Personal Intelligence Network (PIN). The list of backers includes A16z CSX, Hack VC, Blockchain Builders Fund, NEAR Protocol founder Illia Polosukhin, and more.

DRiP: $8 Million

Drip Labs, the startup behind Solana-based creator platform DRiP, collected $8 million in seed funding on Sept. 9. NFX led the effort, with participation from Coinbase Ventures and Progression.

Nytro Lab (Castile) CAST: $8 Million

Hong Kong-based developer Nytro Lab nabbed $8 million in funds. The proceeds will likely go toward Nytro Lab’s inaugural blockchain game, Castile, which entered beta testing on Sept. 10. SevenX and OKX Ventures led the round, with participation from other notable investors.

Infinit: $6 Million

Infinit raised $6 million in a funding round. Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes’ family office, Maelstrom, took part in the effort.

Moku: $5.35 Million

Moku raised $5.35 million, led by Sky Mavis and A16Z GAMES, with participation from several other backers including Contango Digital Assets and Arca.

Rounds Under $5 Million

Blocksense Network: $4 million in seed round funding led by Permutation
Syrupal Protocol: $3.75 million seed round; valuation now $25 million
Fountain Platform: $3.5 million in financing; backers include Foundation Capital, Caladan, Primal Capital, and others
Wingbits: Stockholm-based protocol raised $3.5 million from Borderless Capital and Tribe Capital
Titan: The fundraise totaled $3.5 million and was led by Round13 Digital Asset Fund
T1 Protocol: The Ethereum scaling solution raised $2.5 million in a pre-seed funding round
Hyperbridge Protocol: The Web3 Foundation and Scytale Digital led a $2.5 million seed funding round
Ammalgam: The decentralized lending exchange closed a $2.5 million seed round co-led by Faction VC and Framework Ventures
Orange Cap Games (Vibes): The $2 million pre-seed angel round will allow Orange Cap to bring IP to life through its upcoming trading card game Vibes
GasHawk: Raised $1.6 million in a pre-seed funding round from 3SE Holdings and other investors
Universal Health Token: Animoca, Polygon, and Tezos supported the $1.2 million pre-seed funding round
Carrot CRT: Collected $600,000 in a pre-seed funding round