The past week in November 2024 has been noteworthy in the world of crypto funding, particularly in the DeFi and financial services sectors. One of the standout investments was made in World Liberty Financial, which successfully raised $30 million in funding. This investment comes as part of a trend that saw total investments in the crypto space exceeding $90 million for the week. While this figure is slightly lower than the previous two weeks, which saw investments of $125 million and $120 million respectively, it still represents a significant amount of capital flowing into the industry.
World Liberty Financial, the startup backed by former President Donald Trump, managed to secure $30 million in funding, with billionaire Justin Sun being a key investor. Sun, known for founding the Tron blockchain, will also be providing advisory support to the company, focusing on DeFi and Ethereum ecosystem development.
Another notable investment was in Partior, which received $20 million in Series B funding. This project, which focuses on developing payment solutions, has now raised a total of $80 million. The funding came from Deutsche Bank, adding further credibility to the project.
Kernel DAO, a project focused on building on the BNB Chain ecosystem, raised $10 million in funding from investors including Binance Labs and over 15 other backers. This investment will help the project redefine restaking on the BNB Chain, marking an important step forward for the company.
Balance (E-PAL) also secured $10 million in funding for its AI-powered gaming solutions, bringing its total raised funds to $40 million. The project continues to attract investor interest due to its innovative approach to the gaming industry.
In addition to these larger investments, there were several notable funding rounds under $5 million in the crypto space. Companies such as Schuman Financial, Avant Protocol, and Talus Network all secured significant funding for their projects, showing that there is still strong interest in smaller-scale investments in the industry.
Overall, the past week has been a busy one for crypto VC funding, with a range of projects attracting significant investments. As the industry continues to evolve and grow, we can expect to see even more funding rounds and innovative projects emerging in the coming weeks.
