Total crypto venture capital (VC) funding soared to $120 million last week, nearly tripling from the previous week. The surge in funding was a result of numerous projects securing investments, according to data collected by Crypto.news from Crypto Fundraising.
Leading the pack was 0G Labs, which raised an impressive $40 million in seed funding. The main investors included Hack VC, Delphi Digital, and OKX Ventures. 0G Labs is focused on AI and L1 infrastructure development and has raised a total of $75 million so far.
Another standout was StakeStone, which secured $22 million in an undisclosed funding round. The investment was led by Polychain Capital and Binance Labs. StakeStone offers scalable, yield-optimizing services for Ethereum (ETH) stakers and is supported by OKX Ventures among other investors.
Wyden also made waves by raising $16.90 million in Series B funding. The firm, backed by Truffle Capital and PostFinance, focuses on asset management and trading solutions. In total, Wyden has raised $27.2 million.
Notabene, on the other hand, raised $14.5 million in Series B funding. The project offers an end-to-end compliance platform to assist VASPs and has raised $16.39 million in total. Notabene recently announced a Series B led by DRW Venture Capital to accelerate its growth.
Several other projects also received funding, including Mocaverse (Moca) with $10 million, Ennoventure with $8.9 million, Brevis with $7.5 million, TAC with $6.5 million, FanDuel (BetHog) with $6 million, Eidon with $3.5 million, Akave with $3.45 million, Tranched with $3.4 million, Folks Finance with $3.2 million, mbd with $3 million, Heurist with $2 million, Multiledgers with $1 million, and Blast Royale with $698.88K through a public sale.
Overall, the crypto startup scene is experiencing a significant influx of funding, indicating growing interest and confidence in the industry. Investors are increasingly looking to support innovative projects that offer solutions in areas such as AI, compliance, asset management, and trading. This trend bodes well for the future of crypto startups and the broader blockchain ecosystem.