Praxis and Blockstream Grab Headlines This Week With Six-Figure Funding Rounds Each

Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise.

Cryptocurrency venture capital (VC) funding saw a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise.

However, this week, as Bitcoin (BTC) price reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19.

Here are the firms that topped the list, according to Crypto Fundraising.

Praxis raised $525 million in a Series B funding round, led by Tiger Global Management and Dragoneer Investment Group, with participation from Ribbit Capital, Coatue, Altimeter Capital, and Andressen Horowitz. The capital will be used to expand the firm’s footprint in Southeast Asia, Latin America and Africa.

Blockstream has closed a $210 million convertible note financing round led by Fulgur Ventures, driving our mission to bring Bitcoin into global finance. This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest Bitcoin mining operations.

Azra Games announced its $42.7 million Series A, led by Pantera Capital, with participation from Andreessen Horowitz, A Capital and NFX. The firm will use the capital to launch its debut title, expand its team and studio presence, and continue developing new Web3 games.

Yellow Card Financial raised $33 million in Series C funding, led by Blockchain Capital, to expand its footprint in Africa and enhance its API and Widget products for seamless international payments.

Towns, an on-chain messaging platform, launched today and announced a $25.5 million raise from Andreessen Horowitz.

Bitnomial announced the upcoming launch of perpetual futures on our CFTC-regulated Bitnomial Exchange. As part of that, we will be launching Botanical, a platform for all investors to trade perpetual futures, traditional futures, and options.

ZkPass announced that it has secured $12.5 million in a Series A funding round. The capital will be used to accelerate zkTLS development across Web3 ecosystems.

Opacity Network, a decentralized data network for Web3, announced that it has raised $12 million in Series A funding, led by Archetype and Breyer Capital, with participation from a16z Crypto CSX, Finality Capital, Bodhi Ventures, North Island Ventures, and others.

Solv Protocol announced $25 million in total fundraising to pave the way for mass adoption of Bitcoin staking, powered by our recently launched Staking Abstraction Layer (SAL).

Mento Labs proudly announces a $10 million raise. Amid growth and milestones, we’re unveiling a stablecoin roadmap to introduce new decentralized local currency stablecoins across Africa, Asia, and Latin America.

Crypto VC funding rounds < $10 million

Check out our last week’s column from here.