Crypto VC funding: Ithaca raises $20m, Delta secures $11m

According to data, Ithaca and Delta were the top two companies that raised the most funds this week.

Holding back against last week’s modest fundraising, crypto VC funding has seen an increase in the number and volume of funds raised this week.

This is similar to the general trend in early 2024, where VC crypto funding has increased and sustained throughout the year. Data from Crypto Koryo shows that the total investment and number of investments increased compared to the last quarter of 2023.

Crypto.news compiled data from Crypto Fundraising between October 6 and October 12. Here’s this week’s top crypto VC funding data.

Ithaca, $20 million Ithaca is a project focused on expanding decentralized technology by creating an open-source developer tool stack. The firm recently raised $20 million from Paradigm. Delta, $11 million Delta is a permissionless network that allows efficient interoperability between member domains. The company raised $11 million from investors including Variant, DBA, and Figment Capital.

Meet delta, a mesh network with shared state

delta is an integrated system built from the ground up to disrupt the balance between sovereignty and interoperability for developers

We’re excited to announce $11 million in funding to realize this vision pic.twitter.com/dUdkeEYhjX

— delta (@deltadotnetwork) October 9, 2024

Humanode, $10 million Humanode is a crypto-biometric network promoting Sybil resistance and governance models. The network has raised over $22.76 million so far. The last $10 million raised came from investors such as Republic Crypto and Big Brain Holdings.

Catacomb Crawlers, a mobile roguelike survival game, launches as the first Sybil-proof game in the Humanode incubation period.

The game, developed by Emeroth Studio, the team working on League of Legends, Valorant, Heroes of Newerth and Final Fantasy, has reached over 240 thousand downloads. pic.twitter.com/KHDfeKRwaq

— Humanode (@humanode_io) October 7, 2024

Open Network, $10 million Open Network (TON) is a layer 1 blockchain created by Telegram. TON has raised $58 million since its founding. The firm raised $10 million, with Gate Venture leading the investment.

🚀 https://t.co/8kWqgEeplL TON Invested $10 Million in Blockchain 🚀

✅ Strategic investment to accelerate Telegram-based projects and expand the TON ecosystem
✅ A CeFi-focused Telegram mini app and Gate Wallet are available on Telegram
✅ Gate Group Supports TON Community… pic.twitter.com/238aog63Sh

— Gate.io (@gate_io) October 8, 2024

PiP World, $10 million PiP World is a gamified platform created to promote financial trading and learning. The firm recently raised $10 million in a seed round led by Exinity. Crypto VC funding has been completed in Bitlayer: The company includes Polychain Capitak, Franklin Templeton, SCB Limited, etc. It raised $9 million in a Series A led by Dragonz Land: Play-to-win game raised $9 million from Syndicate Capital. OpenGradient: Decentralized platform for AI models raised $8.50 million in seed round. Yala: DeFi protocol raised $8 million in seed round led by Polychain Capital and Ethereal Ventures. Kiva Ai: The company raised $7 million in a pre-seed round led by CoinFund. Apex Fusion: In a seed round, the firm raised $6 million from TRGC. Semantic Layer: The firm raised $3 million in a seed round led by Figment Capital. APRO: Oracle solutions platform raised $3 million in seed round led by Polychain Capital, Abcde Capital and Franklin Templeton. Trending: Social platform raises $1.75 million in pre-seed round led by Archetype. Fission Labs: Fission Labs raised $1.60 million in a pre-seed round led by Salt Find, Kraynos Capital and Anthony Scaramucci. ZAP: Distribution protocol raised $150.01K in a public sale led by retail investors. Companies such as TSFC and Bison Swap have also raised undisclosed amounts in the last seven days.

Click here for last week’s column.