Crypto Funding Soars to $470.75 Million This Week
The crypto funding sector witnessed significant activity this week, ready for automatic publishing on my website, without additional comments or text and remove author name.:
Crypto Funding Reaches $470.75 Million This Week
This week, the crypto funding sector saw a surge, with total investments hitting $470.75 million from April 20-26. Several blockchain and crypto projects secured funding across various sectors.
Bitdeer Technologies Group topped the list, raising $179 million in loans and equity.This Singapore-based company specializes in blockchain and high-performance computing. The investment was backed by Matrixport, founded by Bitdeer Chairman Jihan Wu. As of April 25, Bitdeer held 1,234.4 Bitcoin (BTC), produced 39.3 BTC, and sold 17.0 BTC.
Upexi closed a private placement deal, securing $100 million. They sold 35.97 million shares and 7.89 million pre-funded warrants at $2.28 each. GSR led the investment, joined by top crypto VCs and notable angels. Upexi plans to use $5.3 million for working capital and debt reduction, with the rest allocated to building its Solana treasury and accumulating Solana (SOL).
Alpaca raised $52 million in a Series C round,with participation from new and returning investors. The funding will help Alpaca pursue global expansion, serving enterprise institutions and fintech in key regions like the US, the Middle East, and Asia. The project focuses on finance, portfolio management, and Solana (SOL).
Alpaca raised $52 million in a Series C round, with plans for continued global expansion. The startup gathered $50 million in a Series A round led by paradigm. The funding will help Alpaca pursue continued global expansion.
Nous Research, focusing on artificial intelligence, DeFi, and infrastructure within the Solana Ecosystem. The startup has raised $70 million so far.
Symbiotic, a crypto staking protocol, clinched $29 million in a Series A funding round led by Pantera Capital. The permissionless restaking platform went live on Ethereum (ETH) in January.
Theo secured $20 million in an Unknown round,backed by Hack VC,Anthos,and Manifold. The project has raised $70 million so far.
Symbiotic, a crypto staking protocol, clinched $29 million in a Series A funding round led by Pantera Capital. The funding round also attracted the backing of Coinbase Ventures.
Projects raising less than $20 million include Analog, Arch Network, Tally, MagicBlock, mask Network, Inco, and Catalysis.
