Global Blockchain Funding Falls to $81.4 Million Across Seven Deals

According to data from the week of October 6–12, blockchain sector funding more than doubled, led by Meanwhile’s $82 million raise and strong institutional participation.

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Summary

Between October 6 and October 12, global blockchain funding totaled $240 million across 14 deals, marking a sharp rebound from $81.4 million and seven deals the previous week. The largest round was $82 million raised by Bitcoin-denominated life insurer Meanwhile, led by Haun Ventures and Bain Capital Crypto. DePIN infrastructure provider Bee Maps secured $32 million, stablecoin startup Coinflow completed a $25 million Series A, and ETH-denominated insurer Anthea raised $22 million. Other notable rounds included $15 million seed raises by CipherOwl and TransCrypts, alongside several smaller Web3, DeFi, and AI-driven projects.

Terms & Concepts
  • DePIN: Decentralized Physical Infrastructure Network, a blockchain model for coordinating real-world infrastructure and hardware via token incentives.
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the US dollar.
  • Series A: An early-stage venture funding round typically used to scale product development and market reach.