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Crypto Startups Raise Over $253 Million in a Week

Sep 28, 2024
  1. Celestia Foundation Raises $100 Million
  2. Infinex Secures $65 Million in Funding
  3. Overall List of Other Companies and Their Fundings

This week, more than $253 million flowed into the crypto startup world, with the majority of that funding going to the blockchain network Celestia Foundation.

Celestia Foundation Raises $100 Million

The Liechtenstein-based non-profit organization, known for building Celestia (TIA), raised $100 million from major crypto-focused venture capital firms, led by Bain Capital Crypto.

Infinex Secures $65 Million in Funding

Infinex, a decentralized exchange, secured $65.29 million through a non-fungible token (NFT) sale. Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC each participated in the effort. "@infinex_app", a decentralized exchange, has raised $65.29 million in an NFT Sale with participation from @hiFramework, @SolanaVentures, @wintermute_t, @edenblockvc, @MoonrockCapital, and @BanklessVC. — Fundraising Digest (@CryptoRank_VCs) September 26, 2024

Overall List of Other Companies and Their Fundings

Other notable companies include: * Pencils Protocol: An auction platform and yield aggregator raised $30 million. * Initia: Secured $14 million in a Series A round. * Mawari Network: Raised $10.8 million to develop spatial computing. * Mind Network: Raised $10 million in pre-A funding. * Darkbright: Raised $6 million in a seed round. * Daylight: Secured $6 million in seed funding. * Gunzilla Games: Raised $6 million with Delphi Ventures' participation. * AminoChain: Raised $5 million in a seed round. * Eigenpie, Meshmap, Meridian, Helixlabs, and EarthFast also raised significant amounts under $5 million.

In summary, this week saw significant funding for crypto startups, highlighting the ongoing interest of venture capitalists in the blockchain and digital assets sector.

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