Introduction to Crypto Funding
The week of September 7-13 marked a significant milestone in the crypto industry, with a total of $1.213 billion in funding raised across 10 projects. This period saw a mix of venture capital rounds and initial public offerings, highlighting the growing interest and investment in cryptocurrency and blockchain technology.
Figure’s Impressive Funding
One of the notable funding achievements of the week was Figure’s successful raise of $787.5 million through an initial public offering (IPO). Figure is a project that specializes in loan origination and equity management, and this recent funding brings its total raised capital to $2.51 billion. This substantial investment underscores the confidence of investors in Figure’s capabilities and potential for growth.
Rapyd’s Series F Round
Rapyd, a global fintech platform providing payment infrastructure, secured $500 million in a Series F round. This investment was backed by prominent names such as Xpring, Target Global, and BlackRock, indicating the strong support Rapyd has garnered from major players in the financial and technology sectors. Rapyd’s platform aims to simplify and enhance payment processes globally, making this funding a significant step forward for the company.
Gemini’s Funding Success
Gemini, a US-based cryptocurrency exchange and custodian bank, raised $425 million through an IPO. With this funding, Gemini’s total raised capital now stands at $825 million. As a leading exchange and custodian, Gemini’s successful fundraising reflects the growing demand for secure, reliable, and compliant cryptocurrency services.
Inversion Capital and Other Projects
Inversion Capital, a private equity firm focusing on traditional companies, gathered $26.5 million in a Seed round. Investors in this round included Dragonfly, VanEck, and Lightspeed Faction, demonstrating the diverse interest in Inversion Capital’s strategy. Besides these major funding announcements, several other projects also secured significant investments. These include Intuition, which raised $2.13 million in a public sale with an $85 million fully diluted valuation, and Everlyn, which secured $2 million in a public sale with a $100 million fully diluted valuation.
Further Funding Highlights
Additional projects that received notable funding include PlayAI, with $2 million raised in a Public sale, Gyld Finance, which gathered $1.5 million in a Pre-seed round, and Recoveris, securing $1.26 million in a Seed round. These investments across various stages and sectors of the crypto and fintech industries signify a vibrant and dynamic ecosystem that continues to attract investors and innovators alike.
Conclusion
The week’s crypto funding activity, as tracked by bitpulse, paints a picture of a thriving industry with substantial investments in both established players and emerging projects. As the crypto and blockchain space continues to evolve, such funding milestones will play a crucial role in shaping its future, driving innovation, and expanding its reach into mainstream finance and technology.