The crypto funding sector saw major activity from May 18-24, with total investments reaching $307.5 million, led by World’s $135 million raise.
This week’s funding mainly focused on Finance and banking-focused ventures and payment and financial services sectors. Here’s an overview of the week’s crypto funding activity as per Crypto Fundraising data:
World Foundation
- Raised $135 million from a16z crypto, Bain Capital Crypto, and Selini
- World (WLD) has raised $375 million so far
- According to the announcement on May 21, the funds will be used to expand its iris-based identity network, World ID.
https://twitter.com/worldcoin/status/1925253926929997841
Slash
- Slash scored $41 million in a Series B round
- The project has a fully diluted valuation of $370 million
- Goodwater backed the investment
- Slash has raised $60 million so far
https://twitter.com/slashapp/status/1924874110376784122
Catena Labs
- Catena Labs secured $18 million in a Seed round
- The investment was backed by a16z crypto, Breyer Capital, and Z Ventures
- Gained +1 new investor
Roxom
- Gathered $17.9 million in an Unknown round
- Investors include Draper Associates, Borderless, and Kingsway Capital
- Roxom has raised $22.2 million so far
https://twitter.com/roxom/status/1925621929307717836
TrueX
- A team of Coinbase alumni collected $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana.
- The investment was backed by Accomplice, Framework Ventures, and Reciprocal Ventures
- TrueX has raised $20 million so far
Projects
- Hyperdrive: Raised $6 million in a Series A funding
- Acurast bagged $5.4 million Public sale with $90 million fully diluted valuation
- VOYA Games (Craft World) raised $5 million in an unknown round
- Rover raised $4.1 million Seed investment
- Stablecorp (QCAD) raised $1.8 million in an unknown round
- Fermi Labs bagged $1.2 million in a pre-seed round
