Bridge, a stablecoin startup that was founded less than three years ago, made a major announcement this week that has caught the attention of many in the crypto industry. Stripe, a well-known payment processing company based in San Francisco, has agreed to acquire Bridge for a hefty sum of $1.1 billion. This acquisition has left many crypto entrepreneurs wondering when their own ventures will reach a point where they attract such big-name buyers. In the meantime, early-stage companies will have to rely on venture capitalists to provide the funding needed to continue growing.
In the world of crypto venture capital funding, some exciting developments have taken place recently. According to data from Crypto Fundraising collected between October 20 and October 26, several startups have successfully secured funding:
Bluesky, a decentralized social media platform, completed a Series A funding round and raised an impressive $15 million. The investment was led by Blockchain Capital, with participation from SevenX, True Ventures, and Alumni Ventures. This funding will undoubtedly help Bluesky further develop its platform and expand its user base.
Another notable startup, Variational, a peer-to-peer trading protocol designed for perpetual and generalized derivatives, raised $10.3 million in a seed round. Investors such as Bain Capital Crypto and Peak XV Partners led the funding round, signaling confidence in the potential of Variational’s technology.
Validation Cloud, a web3 infrastructure platform that focuses on scalable and compliant infrastructure for enterprises, also secured $10 million in funding from True Global Ventures. This brings their total funding raised so far to $15.8 million, allowing them to continue building out their platform and attracting new clients.
Additionally, several other startups in the crypto space have successfully raised funding rounds of less than $10 million. These include Party Icons, STOKR, Karpatkey, Azura, Shuttle Labs, Hata, Hana Network, Fluid Protocol, Moonwalk Fitness, Borderless, Opti Games Studio, Ordzaar, Craftt, BulbaSwap, and Skyfire. Each of these startups has received investment from a variety of sources, further highlighting the growing interest in the crypto industry.
Overall, the recent developments in the crypto venture capital funding space demonstrate the continued growth and innovation within the industry. As more startups secure funding and attract investors, the future of crypto looks brighter than ever. Stay tuned for more updates on the latest funding rounds and developments in the world of cryptocurrency.