Praxis takes home $525m, Blockstream follows suit with $210m

Praxis and Blockstream made headlines this week with six-figure fundraising rounds each, according to the latest data.

Crypto VC funding has seen a noticeable increase in the last seven days compared to last week, when Ithaca led the way with a $20 million raise. But this week, as Bitcoin (BTC) reclaimed the $68,000 level, crypto.news analyzed and aggregated data from October 13 to October 19.

According to Crypto Fundraising, the companies at the top of the list are as follows:

Praxis, $525 million Praxis is the first network state to create an online community of people with similar national consciousness. The firm leads the week in crypto VC funding with $525 million raised. Major investors in the fundraise include Gem Digital, Arch, Manifold, etc. It is located. Blockstream, $210 million Blockstream is building a crypto-financial infrastructure based on Bitcoin. The company raised $210 million from lead investor Fulgur Ventures. Blockstream’s crypto VC funding totals $621 million.

Closed $210 million convertible bond financing round led by Blockstream @FulgurVenturesWe continue our mission to bring Bitcoin to global finance.

This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest… pic.twitter.com/gi1ov0LCYU

— Blockstream (@Blockstream) October 15, 2024

Azra Games, $42.7 million Azra Games is a game studio focused on creating immersive role-playing games. In a Series A led by Pantera, the company raised $42.7 million. Yellow Card Financial, $33 million Yellow Card Financial is a pan-African crypto exchange. The exchange raised $33 million in a Series C led by Blockchain Capital. Yellow Card Financial has raised a total of $89.5 million so far.

Big news in Yellow Card!🎉

Under his leadership, we raised $33 million in our Series C funding. @blockchaincapWe increased our total capital to 85 million dollars! This game-changing investment accelerates our growth in Africa by enhancing our API and Widget products for seamless international payments. pic.twitter.com/w42CSo23aG

— Yellow Card App (@yellowcard_app) 16 October 2024

Towns, $25.5 million Towns is a web3 group chat protocol that allows communities to create blockchain-based meetings. The firm raised $25.5 million in a Series A led by a16z Crypto, Benchmark and Framework. Bitnomial, $25 million Bitnomial is a US-based crypto exchange that offers futures and options trading for cryptocurrencies. The exchange raised $25 million from Ripple through its Series C funding round. Bitnomial has raised $36.6 million so far.

Bitnomial announces the upcoming launch of perpetual futures trading on our CFTC-regulated Bitnomial Exchange. As part of this we will start launching @BotanicalA platform where all investors can trade perpetual futures, traditional futures and options.

Read more here:… pic.twitter.com/oagZNhIAxh

— Bitnomial (@Bitnomial) October 15, 2024

ZkPass, $12.5 million The authentication solution raised $12.5 million in a Series A round at a $100 million valuation. ZkPass has raised $15 million to date.

We are excited to announce that zkPass has successfully raised $12.5 million in its Series A funding round! This will bring our total funding to $15 million and accelerate zkTLS development across Web3 ecosystems.

Shipping is more important than storytelling.

🧵1/10 pic.twitter.com/RHeYeyxJIx

— zkPass (@zkPass) 17 October 2024

Opacity Network, $12 million Opacity Network is a zero-knowledge proof protocol that helps enable verification without revealing any details. The firm raised $12 million in a seed funding round. Solv Protocol, $11 million Solv Protocol gives investors access to crypto investments through a trusted funding infrastructure. The company raised $11 million in a strategic round at a $200 million valuation.

We’re announcing a total fundraising of $25 million to pave the way for mass adoption of Bitcoin staking, powered by our recently launched Staking Abstraction Layer (SAL).

🧵👇 pic.twitter.com/OOooj6g7Cr

— Solv Protocol (@SolvProtocol) 14 October 2024

Mento Labs, $10 million Mento Labs is a platform that creates and operates multi-currency hard assets. The firm raised $10 million on October 16.

📣 @MentoLabs Proudly announcing the $10 million raise! 🎉

Amidst growth and milestones, we are unveiling a stablecoin roadmap to introduce new decentralized local currency stablecoins in Africa, Asia and Latin America. pic.twitter.com/CvMGLeMseA

— Mento Laboratories (@MentoLabs) 16 October 2024

Crypto VC funding rounds Prediction: Decentralized network raises $7 million. ZeroBase: ToM proof generation platform, Binance Labs, Lightspeed Action, etc. raised $5 million from investors. Quit Protocol: Quit Protocol raised $4 million in its seed funding round. Plasma: Zero-fee payment platform raises $3.5 million. Pell Network: Pell Network raised $3 million in a pre-seed round. Blockcast: Content delivery network raised $2.85 million in seed funding round. Arena: Arena raised $2 million in a pre-seed round. Hyve DA: Data availability network raises $1.85 million in pre-seed round. Surge: Surge, Gerstenbrot Capital, CoinGecko etc. It raised $1.8 million in a pre-seed round from investors. Hermetica: DeFi platform raised $1.7 million in seed round. Lombard: Lombard raised $1 million from Binance Labs. World of Dypians, CCData, Bracket Labs and Marketnode raised undisclosed amounts this week.

Check out last week’s article here.