Crypto Investments Surge with $307.5M injected Over a Week
From May 18 to 24, the crypto world welcomed a whopping $307.5 million in funding. The focus was mainly on finance, banking, and payment services. Let’s dive into the top projects that grabbed the limelight.
World Foundation Leads the Pack
World topped the list with a staggering $135 million boost. a16z crypto, Bain Capital Crypto, and Selini were the key backers. This brings World’s total funding to an remarkable $375 million. the fresh cash will fuel the expansion of World ID,an iris-based identity network. Check out their official announcement for more details.
Slash, Catena Labs, and Roxom Follow
- Slash bagged $41 million in Series B, reaching a valuation of $370 million. Goodwater backed this round, pushing Slash’s total to $60 million.
- Catena Labs secured $18 million in a Seed round. New investors include a16z crypto,Breyer Capital,and Z Ventures.
- Roxom raised $17.9 million from Draper Associates, Borderless, and Kingsway Capital, totaling $22.2 million so far.
TrueX and Smaller Projects Also Receive funding
TrueX, formed by Coinbase alumni, collected $11 million. They’re launching True Markets, a Solana-based stablecoin app. Check their Twitter for updates. Meanwhile, projects like Hyperdrive, Acurast, VOYA Games, Rover, Stablecorp, and Fermi Labs each raised between $1.2 million and $6 million.
