SecondLive tops ranking, bags $12 million

The latest data shows that SecondLive and RD Technologies were the top two startups with the largest fundraising volume for the week.

While the amount of venture rounds announced this week is relatively smaller than those announced in recent weeks, this year’s crypto venture capital activity is on pace to surpass 2023’s $2.6 billion total, according to PitchBook.

As of July 30, approximately $2.2 billion had been raised. The amount raised from 24 funds is still far behind 2022’s total of $22.7 billion.

Crypto.news compiled data from September 29 to October 5 from Crypto Fundraising. Here’s what we found.

SecondLive, $12 million SecondLive is a metadata platform that allows users to create their own avatars. The company has raised a total of $15 million so far. The last $12 million raised was in a private round led by Crypto.com. RD Technologies, $7.8 million RD Technologies is a fintech company primarily focused on payments and commerce. The firm raised $7.8 million in a Series A round led by HongShan, HIVEMIND and Aptos Labs.

🚀Exciting news!

RD Technologies has successfully completed its Series A1 financing, securing $7.8 million! In this funding round, RD Technologies secured strategic investments from leading industry players such as HongShan. @HivemindCap, @AptosLabsHash Global, SNZ… pic.twitter.com/U8pTPtqQyu

— RD Technologies (@RD_Technologies) September 30, 2024

LAYER, $6 million LAYER is an Ethereum (ETH) scaling solution that allows developers to write blockchain applications in various languages. The firm recently raised $6 million in a seed funding round led by 1Kx. Synnax Technologies, $1.55 million Synnax is a platform that delivers artificial intelligence credit intelligence for privacy-focused credit analysis. The company has raised a total of $2.55 million so far. The last fund raised in the round led by WINTERMUTE and Ton Ventures was $1.55 million. Sophon, not yet announced Sophon provides an architecture for seamless management of applications such as games and social media. The company has raised a total of $70 million so far. The final amount deposited by Binance Labs has not been disclosed yet.

Read our column from last week here.