Total crypto venture capital (VC) funding investments exceeded $40 million last week, with decentralized data infrastructure platform VLayer securing $10 million.
That’s a large drop in volume and value compared to the previous week.
Crypto.news perused the latest data to determine which startups managed to raise the most venture capital.
VLayer, $10 million
- Secured $10 million in a pre-seed round led by CSX and Credo.
- VLayer is building a decentralized data infrastructure with zero-knowledge proofs.
- The project enables verifiable on-chain integration of both on-chain and off-chain data.
Cytonic, $8.30 million
- The firm raised $8.30 million in a seed round led by Lattice and Lemniscap.
- Additional backing was received from IOBC Capital, Nomura, and Lyrik Ventures.
- Cytonic is developing a Layer 1 blockchain for universal Web3 compatibility.
Pharos, $8 million
- Secured $8 million in seed funding from notable investors.
- Key backers include Hack VC, Lightspeed Faction, and SNZ.
- The project is building a deep-parallel, Layer-1 blockchain network.
Pond, $7.5 million
- Raised $7.5 million in a seed round led by Archetype.
- The project is backed by Cyber Fund, Coinbase Ventures, and NEAR Foundation.
- Pond is pioneering AI model development in crypto space.
GameBeast Studio, $2 million
- The web3 gaming platform secured $2 million in seed funding.
- GameBeast Studio is focusing on blockchain gaming development and innovation.
- The lead investors include Tideo Capital and T-Fund.
Rekt, $1.5 million
- Rekt — the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt Brand — raised $1.5 million in seed funding.
Usual Labs, $1.5 million
- Usual Labs raised $1.5 million from investors like Echo, Comfy Capital, etc.
- The project is a startup that is building the USD0 stablecoin ecosystem.
Notable crypto VC funding rounds under $1.5 million
- SkyX raised $1 million in pre-seed funding.
- Betski gathered $345,000 in pre-seed investment.
- Phi announced a strategic funding round with an amount TBD.
Take a look at last week’s column here.
