Ethereum

2024

SecondLive

CSP DAO

<p class="is-style-lead">SecondLive and RD Technologies are the top two startups with the largest volume of fundraising for the week, the latest data shows.</p> 
<p>While the amount of disclosed venture rounds this week was comparatively less than what was announced in recent weeks, crypto venture capital activity for the year is on pace to dethrone 2023’s total of $2.6 billion, according to <a href="https://pitchbook.com/news/reports/q3-2024-pitchbook-analyst-note-crypto-vc-funds-report" target="_blank" rel="nofollow">PitchBook</a>.</p> 
<p>Some $2.2 billion had been raised as of July 30. The amount, raised across 24 funds, is still far behind 2022’s total of $22.7 billion.</p> 
<p>Crypto.news compiled the data from Sept. 29 to Oct. 5 from <a href="https://crypto-fundraising.info/deal-flow/?start_date=2024-09-29&amp;end_date=2024-10-05&amp;sortby=raised&amp;sort=desc" target="_blank" rel="nofollow">Crypto Fundraising</a>. Here’s what we found.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/spot-bitcoin-etfs-record-second-consecutive-outflow-day-amid-geopolitical-uncertainty/"> Spot Bitcoin ETFs record second consecutive outflow day amid geopolitical uncertainty </a> </p> 
<h3 class="wp-block-heading" id="secondlive-12-million">SecondLive, $12 million</h3> 
<ul class="wp-block-list"> 
 <li>SecondLive is a metaverse platform that lets users create their own avatars.</li> 
 <li>The firm has raised a total of $15 million so far.</li> 
 <li>The latest $12 million raised was in a private round led by Crypto.com.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">🚀 Exciting news! We’ve successfully raised $12 million in a private funding round led by <a href="https://twitter.com/cryptocom?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cryptocom</a>! Joined by key investors like <a href="https://twitter.com/capital_spark?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@capital_spark</a>, <a href="https://twitter.com/cypher_capital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cypher_capital</a>, <a href="https://twitter.com/metaestate_com?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@metaestate_com</a>, <a href="https://twitter.com/Taisu_Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Taisu_Ventures</a>, <a href="https://twitter.com/NewTribeCap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@NewTribeCap</a>, <a href="https://twitter.com/BitValueCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@BitValueCapital</a>, <a href="https://twitter.com/Titans_ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Titans_ventures</a>, <a href="https://twitter.com/NewaveCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@NewaveCapital</a>, CSP DAO and… <a rel="nofollow" href="https://t.co/ShZXhpjxJk" target="_blank">pic.twitter.com/ShZXhpjxJk</a></p>— SecondLive (@SecondLiveReal) <a href="https://twitter.com/SecondLiveReal/status/1840594572340273254?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 30, 2024</a>
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<h3 class="wp-block-heading" id="rd-technologies-7-8-million">RD Technologies, $7.8 million</h3> 
<ul class="wp-block-list"> 
 <li>RD Technologies is a fintech firm that has a primary focus on payments and commerce. </li> 
 <li>The firm has raised $7.8 million in a Series A round led by HongShan, HIVEMIND and <a href="https://crypto.news/apt-soars-7-as-aptos-acquires-japanese-blockchain-developer-hashpalette/" target="_blank">Aptos</a> Labs.</li> 
</ul> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">🚀Exciting news! <br><br>RD Technologies has successfully completed its Series A1 financing, securing US$7.8 million! In this funding round, RD Technologies has secured strategic investments from prominent industry players like HongShan, <a href="https://twitter.com/HivemindCap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@HivemindCap</a>, <a href="https://twitter.com/AptosLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@AptosLabs</a>, Hash Global, SNZ… <a rel="nofollow" href="https://t.co/U8pTPtqQyu" target="_blank">pic.twitter.com/U8pTPtqQyu</a></p>— RD Technologies (@RD_Technologies) <a href="https://twitter.com/RD_Technologies/status/1840598749984526839?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 30, 2024</a>
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<h3 class="wp-block-heading" id="layer-6-million">LAYER, $6 million</h3> 
<ul class="wp-block-list"> 
 <li>LAYER is an Ethereum <a href="https://crypto.news/price/ethereum/" target="_blank">(ETH)</a> scaling solution that allows developers to write blockchain applications in various languages.</li> 
 <li>The firm recently raised $6 million in a seed funding round, which was led by 1Kx.</li> 
</ul> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Layer Secures $6 Million Seed Funding to Expand Ethereum Layer Capabilities with New SDK <a rel="nofollow" href="https://t.co/XRNY7gGJdk" target="_blank">https://t.co/XRNY7gGJdk</a></p>— EN.COINOTAG.COM (@encoinotagcom) <a href="https://twitter.com/encoinotagcom/status/1841788167713702203?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2024</a>
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<h3 class="wp-block-heading" id="synnax-technologies-1-55-million">Synnax Technologies, $1.55 million </h3> 
<ul class="wp-block-list"> 
 <li>Synnax is a platform that introduced AI credit intelligence for privacy-focused credit analysis.</li> 
 <li>The firm has raised a total of $2.55 million so far.</li> 
 <li>The latest fund raised was $1.55 million in a round led by WINTERMUTE and Ton Ventures.</li> 
</ul> 
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   <p lang="en" dir="ltr">🚀 Big News! 🚀<br><br>We’re excited to announce that <a href="https://twitter.com/hashtag/Synnax?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Synnax</a> has secured strategic investment from Wintermute Ventures &amp; TON Ventures, bringing our total funding to $1.55M! 💰<br><br>Read more: <a rel="nofollow" href="https://t.co/zV3PKryTWG" target="_blank">https://t.co/zV3PKryTWG</a><a href="https://twitter.com/wintermute_t?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@wintermute_t</a> <a href="https://twitter.com/wmt_ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@wmt_ventures</a> <a href="https://twitter.com/TON_Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@TON_Ventures</a> <a href="https://twitter.com/hashtag/Synnax?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Synnax</a> <a href="https://twitter.com/hashtag/SYNQUEST?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SYNQUEST</a> <a href="https://twitter.com/search?q=%24SYNAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SYNAI</a> <a rel="nofollow" href="https://t.co/jnZtf1uBug" target="_blank">pic.twitter.com/jnZtf1uBug</a></p>— Synnax Technologies (@SynnaxTech) <a href="https://twitter.com/SynnaxTech/status/1841825378395890113?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2024</a>
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<h3 class="wp-block-heading" id="sophon-not-disclosed-yet">Sophon, not disclosed yet</h3> 
<ul class="wp-block-list"> 
 <li>Sophon provides an architecture for seamless handling of applications like gaming and socialfi.</li> 
 <li>The firm has raised a total of $70 million so far.</li> 
 <li>The latest amount invested by Binance Labs hasn’t been disclosed yet.</li> 
</ul> 
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   <p lang="en" dir="ltr">Every alliance paves the way to new horizons.<a href="https://twitter.com/BinanceLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@BinanceLabs</a> invests in Sophon.<br><br>(((+))) <a rel="nofollow" href="https://t.co/T1T8iD4HMX" target="_blank">pic.twitter.com/T1T8iD4HMX</a></p>— sophon (@sophon) <a href="https://twitter.com/sophon/status/1841840160389955677?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2024</a>
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<p>Read last week’s <a href="https://crypto.news/crypto-vc-funding-celestia-capital-infinex-this-week/" target="_blank">column here.</a></p> 
<p> Read more: <a rel="" href="https://crypto.news/vc-vet-ben-horowitz-to-support-kamala-harris-after-donating-to-trump-report/"> VC vet Ben Horowitz to support Kamala Harris after donating to Trump: Report </a> </p>

Crypto VC funding: SecondLive bags $12m, RD Technologies raises $7.8m

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