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<p class="is-style-lead">Ithaca and Delta are the top two firms with the highest fundraising for the week, data shows.</p>
<p>Held against last week’s modest fundraising, crypto VC funding has seen an uptick in the number and volume of funds raised this week.</p>
<p>This resembles the overall trend in early 2024, where VC crypto funding has been surging and sustained throughout the year. Data from <a href="https://x.com/CryptoKoryo/status/1775827040895483923" target="_blank" rel="noopener noreferrer nofollow">Crypto Koryo</a> shows that the total investment and the number of investments have surged in comparison to the last quarter of 2023.</p>
<p>Crypto.news compiled the data from Oct. 6 to Oct. 12 from&nbsp;<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="noopener noreferrer nofollow">Crypto Fundraising</a>. Here’s this week’s top crypto VC funding data.</p>
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<h3 class="wp-block-heading" id="ithaca-20-million">Ithaca, $20 million</h3>
<ul class="wp-block-list">
 <li>Ithaca is a project focused on expanding decentralized technology by the creation of an open-source developer tool stack.</li>
 <li>The firm <a href="https://www.paradigm.xyz/2024/10/ithaca" target="_blank" rel="noopener noreferrer nofollow">raised $20 million</a> from Paradigm recently.</li>
</ul>
<h3 class="wp-block-heading" id="delta-11-million">Delta, $11 million</h3>
<ul class="wp-block-list">
 <li>Delta is a permissionless network that allows for efficient interoperability between member domains.</li>
 <li>The company raised $11 million from investors like Variant, DBA and Figment Capital.</li>
</ul>
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   <p lang="en" dir="ltr">Introducing delta, a network of networks with shared state<br><br>delta is an integrated system, built from the ground up to break the trade-off between sovereignty and interoperability for developers<br><br>We’re thrilled to announce $11M in funding to realize this vision <a rel="noopener noreferrer nofollow" href="https://t.co/dUdkeEYhjX" target="_blank">pic.twitter.com/dUdkeEYhjX</a></p>— delta (@deltadotnetwork) <a href="https://twitter.com/deltadotnetwork/status/1844019646179205583?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 9, 2024</a>
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<h3 class="wp-block-heading" id="humanode-10-million">Humanode, $10 million</h3>
<ul class="wp-block-list">
 <li>Humanode is a crypto-biometric network that has introduced Sybil resistance and governance models.</li>
 <li>The network has raised over $22.76 million so far.</li>
 <li>The latest $10 million raised was from investors like Republic Crypto and Big Brain Holdings.</li>
</ul>
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   <p lang="en" dir="ltr">Catacomb Crawlers, a mobile roguelike survival, is launching as the first Sybil-resistant game under Humanode incubation.<br><br>Developed by Emeroth Studio, the team that worked on League of Legends, Valorant, Heroes of Newerth, and Final Fantasy, the game attracted 240K+ downloads… <a rel="noopener noreferrer nofollow" href="https://t.co/KHDfeKRwaq" target="_blank">pic.twitter.com/KHDfeKRwaq</a></p>— Humanode (@humanode_io) <a href="https://twitter.com/humanode_io/status/1843336079950393822?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 7, 2024</a>
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<h3 class="wp-block-heading" id="the-open-network-10-million">The Open Network, $10 million</h3>
<ul class="wp-block-list">
 <li>The Open Network (<a href="https://crypto.news/price/toncoin/" target="_blank" rel="noopener noreferrer nofollow">TON</a>) is a layer 1 blockchain created by Telegram.</li>
 <li>TON has raised $58 million since its inception.</li>
 <li>The firm raised $10 million, with Gate Venture leading the investment.</li>
</ul>
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   <p lang="en" dir="ltr">🚀 <a rel="noopener noreferrer nofollow" href="https://t.co/8kWqgEeplL" target="_blank">https://t.co/8kWqgEeplL</a> Invests $10 Million in TON Blockchain 🚀<br><br>✅ Strategic investment to accelerate Telegram-based projects and expand the TON ecosystem<br>✅ Launching a CeFi-driven Telegram mini-app and Gate Wallet within Telegram<br>✅ Gate Group Supports TON Society’s… <a rel="noopener noreferrer nofollow" href="https://t.co/238aog63Sh" target="_blank">pic.twitter.com/238aog63Sh</a></p>— Gate.io (@gate_io) <a href="https://twitter.com/gate_io/status/1843652577847603363?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 8, 2024</a>
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<h3 class="wp-block-heading" id="pip-world-10-million">PiP World, $10 million</h3>
<ul class="wp-block-list">
 <li>PiP World is a gamified platform that was created to promote financial trading and learning.</li>
 <li>The firm recently raised $10 million in a seed round led by Exinity.</li>
</ul>
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   <p lang="en" dir="ltr">Big&nbsp; milestone for <a href="https://twitter.com/Pipworld?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@PiPWorld</a>! 🦾 <br><br>Our $10M seed round, featured by <a href="https://twitter.com/TheBlock__?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@TheBlock__</a>, is just the beginning of our journey to redefine financial literacy through Web3 innovation. 🚀🔥<br><br>Check it out: <a rel="noopener noreferrer nofollow" href="https://t.co/lNejgWPhoO" target="_blank">https://t.co/lNejgWPhoO</a><a href="https://twitter.com/hashtag/GameFi?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#GameFi</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Fintech?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Fintech</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Web3</a></p>— PiP World (@ThePiPWorld) <a href="https://twitter.com/ThePiPWorld/status/1844653098310234212?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 11, 2024</a>
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<h3 class="wp-block-heading" id="crypto-vc-funding-rounds-10-million">Crypto VC funding rounds &lt; $10 million</h3>
<ul class="wp-block-list">
 <li><strong>Bitlayer</strong>: The firm raised $9 million in a Series A led by Polychain Capitak, Franklin Templeton, SCB Limited, etc.</li>
 <li><strong>Dragonz Land</strong>: The play-to-earn game raised $9 million from Syndicate Capital.</li>
 <li><strong>OpenGradient</strong>: The decentralized platform for AI models raised $8.50 million in a seed round.</li>
 <li><strong>Yala</strong>: The DeFi protocol raised $8 million in a seed round led by Polychain Capital, Ethereal Ventures.</li>
 <li><strong>Kiva Ai: </strong>The company raised $7 million in a pre-seed round led by CoinFund.</li>
 <li><strong>Apex Fusion: </strong>In a seed round, the firm raised $6 million from TRGC.</li>
 <li><strong>Semantic Layer:</strong> In a seed round led by Figment Capital, the firm raised $3 million.</li>
 <li><strong>APRO</strong>: The Oracle solution platform has raised $3 million in a seed round led by Polychain Capital, Abcde Capital, Franklin Templeton.</li>
 <li><strong>Trendies:</strong> The social platform raised $1.75 million in a pre-seed round led by Archetype.</li>
 <li><strong>Fission Labs:</strong> Fission Labs raised $1.60 million in a pre-seed round led by Salt Find, Kraynos Capital, Anthony Scaramucci.</li>
 <li><strong>ZAP:</strong> The distribution protocol raised $150.01k in a public sale led by individual investors.</li>
 <li>Firms like <strong>TSFC </strong>and <strong>Bison Swap</strong> also raised undisclosed amounts during the last seven days.</li>
</ul>
<p>For last week’s column, <a href="https://crypto.news/crypto-vc-funding-secondlive-ranking-bags-12-million/" target="_blank" rel="noopener noreferrer nofollow">click here</a>.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ripple-co-founder-donates-1m-in-xrp-to-kamala-harris/"> Five reasons why the first Telegram ICO is set to moon </a></p>

Crypto VC funding: Ithaca leads week with $20m, Delta bags $11m

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