Crypto Philanthropy Sees Record Week with Over $1.2B in Funding
The period between September 7-13 has been remarkable for the crypto funding landscape. An impressive $1.213 billion was poured into 10 promising projects during this stretch.
Let’s examine what drove this cash influx:
- Figure staged an IPO worth $787.5 million, a significant event for the crypto industry. This financial services firm specializes in loan origination and equity management.
- Rapyd, known for its global payment infrastructure solutions, attracted a $500 million Series F round. This support came from notable investors like Xpring, Target Global, and BlackRock.
- Gemini, an established US-based crypto exchange, achieved a considerable milestone by raising $425 million via IPO.
Along with these heavyweights, Inversion Capital, a private equity firm with a keen interest in traditional companies, collected $26.5 million in seed funding. DragonFly, VanEck, and Lightspeed were among the backers.
Various projects under the $3 million mark didn’t go unnoticed. These included:
- Intuition, which drew in $2.13 million in a public sale,
- PlayAI, which netted $2 million in a public offer,
- recoveris, a seed-round victor with $1.26 million in funding.
These developments underscore the growing enthusiasm around diverse crypto initiatives.
