Crypto projects raised $351 million across 13 deals from September 28 to October 4, led by Flying Tulip’s $200 million seed round, as DeFi and finance-focused ventures dominated the week’s funding activity.
Summary
Flying Tulip raised $200m seed at $1b valuation, leading weekly crypto funding.
DeFi and finance startups dominate $351m crypto funding across 13 projects.
Payments and gaming projects like xMoney and AmbrusStudio secured millions.
Flying Tulip, a full stack on-chain exchange, raised $200 million in a Seed round
Backed by Brevan Howard, CoinFund, and DWF Labs, the startup has a fully diluted valuation of $1 billion.
xMoney
The payment infrastructure platform secured $21.5 million from various investors, including Sui Foundation and MultiversX (formerly Elrond).
So far, xMoney has raised $31.5 million.
Lava
Lava raised $17.5 million ($27.5 million in total).
Its backers include Peter Jurdjevic of Qatar Investment Authority, Bijan Tehrani of Stake, Zach White of 8VC, Saurabh Gupta of DST Global, Terry Angelos, formerly of Visa, and Aaron Suplizo, formerly of Block (previously Square).
Today we’re proud to announce we’ve raised $17.5M in additional funding.
We’re also launching our newest product— earn up to 7.5% yield on your USD by funding bitcoin-backed loans on Lava.
