Crypto Startups Raise Nearly $380 Million in Weekly Funding Surge

Funding events surged significantly, with major rounds led by Fnality and Zerohash, as centralized entities take the lead in blockchain investments.

Summary

From September 22 to 28, the global blockchain sector raised $443 million across 16 funding events, a substantial increase from the previous week's $54.6 million. Fnality's $136 million Series C and Zerohash's $104 million Series D led the way, with other notable raises including Cardless ($60M) and RedotPay ($47M). Centralized investors like WisdomTree, Bank of America, and Morgan Stanley played key roles in the funding.

Terms & Concepts
  • Series C Funding: A late-stage investment round aimed at scaling operations, expanding market reach, or developing new products.
  • Series D Funding: An advanced stage of venture capital financing that often supports significant expansion or prepares a company for an IPO.
  • Blockchain Startup: A newly established company focused on developing applications, platforms, or services leveraging blockchain technology.