🌎 Top Crypto VC Funding Surges with Ithaca and Delta Leading

Ithaca and Delta are the top firms with the highest fundraising for the week, data shows.

Compared to last week’s modest fundraising, crypto VC funding has seen an uptick in both the number and volume of funds raised this week. This aligns with the overall trend in early 2024, where VC crypto funding has been consistently increasing. Data indicates that total investment and the number of investments have surged compared to the last quarter of 2023.

This Week’s Top Crypto VC Funding Data

Below is a compilation of the top crypto VC funding data from October 6 to October 12:

Ithaca: $20 Million

Ithaca is a project focused on expanding decentralized technology by creating an open-source developer tool stack. The firm raised $20 million from Paradigm recently.

Delta: $11 Million

Delta is a permissionless network that allows for efficient interoperability between member domains. The company raised $11 million from investors such as Variant, DBA, and Figment Capital.

Humanode: $10 Million

Humanode is a crypto-biometric network that has introduced Sybil resistance and governance models. The network has raised over $22.76 million so far, with the latest $10 million coming from investors like Republic Crypto and Big Brain Holdings.

The Open Network: $10 Million

The Open Network is a layer 1 blockchain created by Telegram. Since its inception, TON has raised $58 million. The firm secured $10 million in the latest round, led by Gate Venture.

PiP World: $10 Million

PiP World is a gamified platform designed to promote financial trading and learning. The firm recently raised $10 million in a seed round led by Exinity.

Crypto VC Funding Rounds Under $10 Million

Bitlayer: Raised $9 million in a Series A led by Polychain Capital, Franklin Templeton, SCB Limited, etc.
Dragonz Land: The play-to-earn game raised $9 million from Syndicate Capital.
OpenGradient: The decentralized platform for AI models raised $8.50 million in a seed round.
Yala: The DeFi protocol raised $8 million in a seed round led by Polychain Capital, Ethereal Ventures.
Kiva Ai: Raised $7 million in a pre-seed round led by CoinFund.
Apex Fusion: Raised $6 million in a seed round from TRGC.
Semantic Layer: Raised $3 million in a seed round led by Figment Capital.
APRO: The Oracle solution platform raised $3 million in a seed round led by Polychain Capital, Abcde Capital, Franklin Templeton.
Trendies: The social platform raised $1.75 million in a pre-seed round led by Archetype.
Fission Labs: Raised $1.60 million in a pre-seed round led by Salt Find, Kraynos Capital, Anthony Scaramucci.
ZAP: The distribution protocol raised $150.01k in a public sale led by individual investors.