Blockchain startups have recently raised a significant amount of funding, totaling $150.9 million. Partior’s Series B funding round of $60 million was the largest among the 22 startups that received investments this week, reflecting a strong interest in the crypto industry.
Partior, a fintech company, plans to enhance its global unified ledger-based interbank rails for real-time clearing and settlement with the funds raised. Major financial institutions like DBS, J.P. Morgan, and Standard Chartered are already utilizing Partior’s technology to facilitate payment flows.
RedStone Oracles, on the other hand, secured $15 million in a Series A funding round to further develop its modular blockchain oracle solution. Founded in 2021, RedStone has quickly gained traction and now serves over 100 clients, managing $4 billion in value. Their Oracle products aim to reduce gas fees for decentralized applications on Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks.
Israeli startup SendBlocks also saw success in this week’s funding, raising $8.2 million in seed funding. SendBlocks specializes in blockchain data management, allowing enterprises to define critical data and extract valuable insights from the blockchain.
In addition to these, other notable fundraises include Tabi (formerly Treasureland) raising $16.1 million in a public sale round. Tabi is a decentralized marketplace for NFTs with features like trading, a launchpad, and a gaming platform. ZAP received $15 million in funding to expand its reputation-based token distribution system, while Rome Protocol emerged from stealth with $9 million in funding to enhance efficiency in Ethereum layer-2 blockchains using Solana as an auxiliary network.
Overall, the recent influx of funding into blockchain startups indicates a growing interest in the crypto space and the potential for innovative solutions to shape the future of finance and technology. As more investors recognize the value and opportunities in blockchain technology, we can expect to see continued growth and development in this sector.