In this week’s venture capital update, more than $253 million flowed into the crypto startup world, with the majority of the funding going to the blockchain network Celestia Foundation. Over a dozen companies raised capital between Sept. 22 and Sept. 28. Here are the details:

Celestia Foundation: $100 Million

Celestia Foundation, a Liechtenstein-based non-profit organization known for building Celestia, raised $100 million from major crypto-focused venture capital firms, led by Bain Capital Crypto.

Infinex: $65.29 Million

Infinex, a decentralized exchange, secured $65.29 million through a non-fungible token (NFT) sale. Investors included Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC.

Pencils Protocol: $30 Million

Pencils Protocol, an auction platform and yield aggregator on Scroll, raised an additional $30 million. Key investors include DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures.

Initia: $14 Million

Initia clinched $14 million in a Series A round, led by Tomasz Tunguz and Spencer Farrar from Theory VC, with participation from Delphi Ventures and Hack VC.

Mawari Network: $10.8 Million

Mawari Network raised $10.8 million in strategic funding to advance spatial computing. The network leverages DePIN to bring 3D content quickly and affordably to devices worldwide.

Mind Network: $10 Million

Mind Network raised $10 million in a pre-A funding round. Investors included Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, and Master VC.

Darkbright: $6 Million

Bitkraft Ventures led an oversubscribed $6 million seed round for Darkbright, the web3 studio behind the Smolbound role-playing game.

Daylight: $6 Million

Union Square Ventures and 1kx Network co-led a $6 million seed funding round for Daylight, a platform known for its transaction recommendation API.

Gunzilla Games: $6 Million

Delphi Ventures invested $6 million in Gunzilla Games. Gunzilla’s GUNZ blockchain is a key component of their upcoming Web3 game, “Off The Grid.”

AminoChain: $5 Million

AminoChain, a decentralized biobank and Layer 2 network, raised $5 million in a seed funding round led by a16z crypto. This brings their total funding to $7 million.

Funding Rounds Under $5 Million

  • Eigenpie: Raised $4 million for its restaking SubDAO designed to maximize earning potential for liquid staking token holders.
  • Meshmap: Received $4 million from a16z, Colosseum, Lattice, Escape Velocity, GSR, and other institutions.
  • Meridian: Secured $4 million from ParaFi Capital, Borderless Capital, Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures for their decentralized liquidity marketplace.
  • Helixlabs: Nabbed $2 million in a pre-seed funding round from Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. Its valuation is around $40 million.
  • EarthFast: Raised $1.4 million in a pre-seed funding round led by Nascent, with participation from The General Partnership, Kain Warwick, Roneil Rumburg, and Bodhi Ventures.

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