Crypto VC funding: Phantom raises $150m, Komainu bags $75m
The crypto VC funding industry announced a $150 million Series C round last week, bringing total weekly investments to over $700 million.
Payment solutions, wallet infrastructure and financial services attracted the most capital, according to Crypto Fundraising data.
Let’s take a closer look at the major crypto VC funding efforts and the companies involved.
Hélio, $175 million
- MoonPay acquired the startup for $175 million.
- Helio, the decentralized finance (DeFi) platform, is backed by Pantera Capital; Animoca Brands, innovator in blockchain and gamification; DAO Maker, a decentralized venture financing platform; and OKEx Ventures, the investment arm of one of the largest cryptocurrency exchanges.
HUGE NEWS!
Helio is joining forces with @moonpay 🟠🟣
In just 3 years, we’ve built a lot, powered $1.5B+ in transactions and became Solana’s go-to payment processor.
MoonPay’s unmatched position as a bridge between traditional finance and DeFi, combined with their strong… pic.twitter.com/ljIjssrHz2
— Helio (@helio_pay) January 13, 2025
Ghost, $150 million
- Raised $150 million in Series C with $3 billion FDV.
- Phantom is backed by Sequoia, Paradigm and a16z crypto.
- Creating portfolio solutions for Solana (GROUND) ecosystem.
- Phantom has raised $268 million so far.
Alteria, $150 million
- Alterya closes M&A deal worth $150 million
- The company was acquired by Chainlyse
Anyway, $75 million
- Komainu Secures $75 Million in Series B Funding
- Blockstream supports the project.
- Komainu develops asset management solutions.
Sygnum, $58 million
- Secured $58 million in strategic funding at a valuation of $1 billion.
- Filder Ventures is a backer, helping Sygnum raise $188 million in total.
📣 News: Sygnum Completes USD 58m Strategic Growth Round, Achieves Unicorn Status with 1bn valuation https://t.co/2bZnlcM6TW
Sygnum announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1…
— Sygnum Bank (@sygnumofficial) January 14, 2025
1Money network, $20 million
- Raised $20 million in seed funding
- F/Prime Capital, Galaxy and Hack VC among 1Money investors
- 1Money Network builds L1 payment infrastructure
Litas, $20 million
- Obtained $20 million in private financing.
- Backed by Rothman Management.
- Lita combines payment and wallet solutions and creates user-friendly financial tools.
Dfns, $16 million
- Raised $16 million in Series A funding.
- Supported by Further, Wintermute and others.
- The project focuses on wallet infrastructure.
🎉 Exciting news! 🎉
Today is a pivotal day in our journey to build the most secure and scalable wallet infrastructure for crypto finance.
We’re delighted to announce that @dfnsHQ has successfully raised $16M in our Series A funding round! 🙌
This round was led by @further,… pic.twitter.com/cbR8n0jhAC
— Dfns (@dfnsHQ) January 14, 2025
Reown (formerly WalletConnect), $13 million
- Raised $13 million in Series B funding.
- Backed by Union Square Ventures, 1kx and GDA Capital.
- Reown creates API solutions for wallets.
Notable crypto VC funding rounds under $10 million
- Merit Systems raised $10 million for software development
- Synthr secured $10 million in an unknown round
- GTE raised $9.44 million in seed funding
- Tapestry raised $5.75 million in Series A
- EarnOS secured $5 million in seed funding
- Hyve Labs raised $2.75 million in pre-seed funding
- Brickken raised $2.50 million in seed funding including $22.50 million FDV
- Reppo secured $2.22 million in unknown round
- BeraTone and DePIN DAO each raised $2 million
- Timeswap raised $2 million through public sale including $20 million FDV
- DeFi Agents AI and Mind AI each secured $1.20 million
- MilkyWay raised $1 million through public sale
- ChainAwareAi secured $50,000 through grants
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