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Venture capital interest in cryptocurrency startups is proving resilient, even amidst broader market instability. Over the past week, at least 15 companies across various sectors of the crypto ecosystem successfully secured fresh funding, reflecting investor confidence in the long-term potential of blockchain technology.

Crypto Startups Raise $161.1 Million in a Single Week

According to recent data, the final week of May concluded with an impressive $161.1 million in crypto-related fundraising activity. Key players included Twenty One, a Bitcoin treasury company that raised a staggering $100 million; Conduit Pay, which secured $36 million to expand its crypto-native banking services; and Donut, a startup integrating artificial intelligence (AI) into the crypto space, which closed a $7 million pre-seed round.

This wave of deals underscores growing investor conviction in the cryptocurrency sector, despite ongoing fluctuations in asset prices. Funding activity spanned across various stages, from pre-seed to Series A rounds. Below is a detailed breakdown of notable funding developments from the past week.

Twenty One: $100 Million Raised

Twenty One, a company dedicated to enhancing Bitcoin adoption, led the funding charts by raising $100 million in an undisclosed round. This substantial investment highlights the increasing institutional commitment to Bitcoin-focused ventures.

Conduit Pay: $36 Million Secured

Conduit Pay raised $36 million in a Series A funding round to scale its global stablecoin payments platform. The round was backed by prominent investors, including Dragonfly, Ribbit Capital, and Sound Ventures. This funding aims to drive a transformative shift in how money moves globally, leveraging the power of blockchain and stablecoins.

Donut Labs: $7 Million for AI-Powered Crypto Solutions

Donut Labs secured $7 million in a pre-seed round to develop an AI-driven crypto browser. Backed by investors like BitKraft, Hack VC, and HongShan, the project aims to simplify and enhance the user experience in the crypto ecosystem by integrating cutting-edge AI tools.

Beam Cash: $7 Million Raised

Beam Cash gathered $7 million in an undisclosed funding round. The project, which focuses on blockchain-based financial solutions, received backing from Castle Island Ventures, Archetype, and Bankless Ventures. To date, Beam Cash has raised a total of $14 million, showing steady investor interest in its mission.

Cooking City: $7 Million in New Funding

Cooking City, another notable project, raised $7 million in an undisclosed round. Its investors include Jump Capital, CMT Digital, and Mirana Ventures, further showcasing the diverse applications of blockchain technology across industries.

Additional Projects Raising Under $5 Million

Several smaller projects also made headlines with funding rounds under $5 million:

  • Rumi: $4.7 million in pre-seed funding
  • Oncade: $4 million in an undisclosed round
  • Naoris Protocol: $3 million in strategic investment
  • Asigna: $3 million in a seed round
  • Assisterr AI: $2.8 million in an undisclosed round, with a $75 million fully diluted valuation
  • Dexari: $2.3 million in seed funding
  • H100 Group: $2.2 million in an undisclosed round
  • BlockSpaces: $2 million, backed by Axiom and Sand Harbor Capital
  • Ducat: $1.5 million raised through a public sale
  • EGO: $800,000 in a pre-seed round

The diversity in funding stages and investment amounts highlights the breadth of innovation within the cryptocurrency sector. From Bitcoin-focused solutions to AI integration and stablecoin advancements, these projects reflect the growing appetite for blockchain-driven transformation across industries.

Stay updated on the latest developments in the cryptocurrency world to spot emerging trends and opportunities in this rapidly evolving space.

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