Over the past week, venture capital firms have invested over $130 million in startups focused on payments, insurance, and blockchain systems.
The Tabit Insurance Leads Crypto Investment Funding
Tabit Insurance raised $40 million in a funding round backed by Bitcoin (BTC). This innovative move allows real-time verification by auditors and regulators, marking a significant step towards financial transparency. Tabit aims to use these funds to enhance insurance services and set a new standard in the digital asset industry.
Rain Expands Financial Services
Rain, a company connecting traditional financial systems with blockchain networks, secured $24.5 million in funding. Major investors include Norwest Venture Partners, Galaxy Ventures, and Coinbase Ventures. With this, Rain's total funding reaches $30.5 million. Rain plans to use the funds to expand services, improve technology, and increase global reach.
More Startups Receive Millions for Crypto Solutions
Several companies received funding for blockchain and crypto solutions development. CoreSky raised $15 million for Ethereum-based solutions. Chronicle Labs secured $12 million for Oracle technology. Warlock Labs gained $8 million for Ethereum app security improvements. Fragmetric received $5 million for Solana staking solutions. Tarta Labs was funded $4.5 million for play-to-earn games on multiple blockchains. Capx AI secured $3.14 million for AI applications on Ethereum. Arcium raised $4 million in a public sale, with a total project valuation of $200 million.
The increased investment activity in the crypto sector underscores its potential for growth and innovation in fintech and blockchain technologies.
