Venture Capital Update: Over $253 Million Invested in Crypto Startups

Celestia Foundation Leads the Way with $100 Million Investment

A significant portion of the $253 million funding that entered the crypto startup ecosystem went to the Liechtenstein-based non-profit organization, Celestia Foundation. Known for its blockchain network Celestia (TIA), the foundation secured $100 million in funding from top crypto-focused venture capital firms, with Bain Capital Crypto leading the investment round.

Latest Funding Activities in the Crypto Startup Space

Between September 22 and September 28, several companies raised capital, bringing in a total of over $253 million in investments. Here are some of the key funding rounds during this period:

Infinex Raises $65.29 Million

Decentralized exchange platform Infinex completed a funding round, securing $65.29 million through an NFT sale. The investment was backed by Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC.

Pencils Protocol Secures $30 Million

Auction platform and yield aggregator Pencils Protocol raised an additional $30 million in funding. Strategic investors such as DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures participated in the funding round.

Initia Raises $14 Million in Series A Round

Initia, a startup, secured $14 million in a Series A round led by Tomasz Tunguz and Spencer Farrar from Theory VC. Additional participation came from Delphi Ventures and Hack VC.

Mind Network Receives $10 Million in Pre-A Funding

During a pre-A funding round, Mind Network raised $10 million from investors including Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and others.

Other Notable Funding Rounds

Several other startups also secured funding during this period, including Darkbright with $6 million, Daylight with $6 million, Gunzilla Games with $6 million, AminoChain with $5 million, Eigenpie with $4 million, Meshmap with $4 million, Meridian with $4 million, Helixlabs with $2 million, and EarthFast with $1.4 million.

This week’s venture capital update showcases the continued growth and investment in the crypto startup ecosystem, with over $253 million flowing into various projects and platforms. Stay tuned for more updates on the latest funding activities in the crypto space.