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<p class="is-style-lead">Total crypto venture capital (VC) funding investments exceeded $40 million last week, with decentralized data infrastructure platform VLayer securing $10 million.</p> 
<p class="is-style-default">That’s a large drop in volume and value <a href="https://crypto.news/crypto-vc-funding-kraken-bags-42-5m-from-optimism-glow-labs-raises-30m/" target="_blank">compared to the previous week</a>. <strong> </strong></p> 
<p>Crypto.news perused the latest <a href="https://crypto-fundraising.info/deal-flow/page/2/?start_date=2024-11-03&amp;end_date=2024-11-09&amp;sortby=raised&amp;sort=desc" target="_blank" rel="nofollow">data</a> to determine which startups managed to raise the most venture capital.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/bitcoin-at-77k-48hrs-after-us-elections/"> Bitcoin at $77k 48hrs after US elections </a> </p> 
<h3 class="wp-block-heading" id="vlayer-10-million">VLayer, $10 million</h3> 
<ul class="wp-block-list"> 
 <li>Secured $10 million in a pre-seed round led by CSX and Credo.</li> 
 <li>VLayer is building a decentralized data infrastructure with zero-knowledge proofs.</li> 
 <li>The project enables verifiable on-chain integration of both on-chain and off-chain data.</li> 
</ul> 
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   https://twitter.com/vlayer_xyz/status/1853485774085222773 
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<h3 class="wp-block-heading" id="cytonic-8-30-million">Cytonic, $8.30 million</h3> 
<ul class="wp-block-list"> 
 <li>The firm raised $8.30 million in a seed round led by Lattice and Lemniscap.</li> 
 <li>Additional backing was received from IOBC Capital, Nomura, and Lyrik Ventures.</li> 
 <li>Cytonic is developing a Layer 1 blockchain for universal Web3 compatibility.</li> 
</ul> 
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   <p lang="en" dir="ltr">The seed round was co-led by <a href="https://twitter.com/lattice_fund?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@lattice_fund</a> and <a href="https://twitter.com/Lemniscap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Lemniscap</a>.<br><br>With participation from:<br> <a href="https://twitter.com/iobc_capital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@iobc_capital</a>, <a href="https://twitter.com/LaserDigital_?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@LaserDigital_</a>, <a href="https://twitter.com/LyrikVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@LyrikVentures</a>, <a href="https://twitter.com/publicworksfm?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@publicworksfm</a>, <a href="https://twitter.com/MaelstromFund?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MaelstromFund</a>, <a href="https://twitter.com/_inceptioncap?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@_inceptioncap</a>, <a href="https://twitter.com/blackedgecptal?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@blackedgecptal</a>, <a href="https://twitter.com/FOMO_v?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FOMO_v</a> and other amazing investors. <a rel="nofollow" href="https://t.co/SRi8zp3feA" target="_blank">pic.twitter.com/SRi8zp3feA</a></p>— Cytonic (@cytonic_com) <a href="https://twitter.com/cytonic_com/status/1854563915096899796?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 7, 2024</a>
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<h3 class="wp-block-heading" id="pharos-8-million">Pharos, $8 million</h3> 
<ul class="wp-block-list"> 
 <li>Secured $8 million in seed funding from notable investors.</li> 
 <li>Key backers include Hack VC, Lightspeed Faction, and SNZ.</li> 
 <li>The project is building a deep-parallel, Layer-1 blockchain network.</li> 
</ul> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/pharos_network/status/1854948443418247582 
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<h3 class="wp-block-heading" id="pond-7-5-million">Pond, $7.5 million</h3> 
<ul class="wp-block-list"> 
 <li>Raised $7.5 million in a seed round led by Archetype.</li> 
 <li>The project is backed by Cyber Fund, Coinbase Ventures, and NEAR Foundation.</li> 
 <li>Pond is pioneering AI model development in crypto space.</li> 
</ul> 
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   <p lang="en" dir="ltr">Introducing Pond – a decentralized AI model layer with crypto-native AI models trained on on-chain data. <br><br>Pond is excited to announce a $7.5M Seed round, led by <a href="https://twitter.com/archetypevc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@archetypevc</a> with <a href="https://twitter.com/cyberFund_?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cyberFund_</a>, <a href="https://twitter.com/Delphi_Ventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Delphi_Ventures</a>, <a href="https://twitter.com/cbventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cbventures</a>, <a href="https://twitter.com/anagramxyz?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@anagramxyz</a>, and more. <a rel="nofollow" href="https://t.co/TSjkprctOG" target="_blank">pic.twitter.com/TSjkprctOG</a></p>— Pond ✈️ DevCon (@PondGNN) <a href="https://twitter.com/PondGNN/status/1854586595774808337?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 7, 2024</a>
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<h3 class="wp-block-heading" id="gamebeast-studio-2-million">GameBeast Studio, $2 million</h3> 
<ul class="wp-block-list"> 
 <li>The web3 gaming platform <a href="https://x.com/GameBeast_HQ/status/1853078627975614464" target="_blank" rel="nofollow">secured $2 million</a> in seed funding.</li> 
 <li>GameBeast Studio is focusing on blockchain gaming development and innovation.</li> 
 <li>The lead investors include Tideo Capital and T-Fund.</li> 
</ul> 
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   <p lang="en" dir="ltr">Web3 gaming platform Gamebeast raises $2M in funding<br><br>Gamebeast Studio, developer of the Web3 gaming platform Gamebeast, announced on X that it has raised $2 million in seed funding. The round was led by Tido Capital and T-Fund, with participation from K300 Ventures, Notch…</p>— CoinNess Global (@CoinnessGL) <a href="https://twitter.com/CoinnessGL/status/1853282597230850126?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 4, 2024</a>
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<h3 class="wp-block-heading" id="rekt-1-5-million">Rekt, $1.5 million</h3> 
<ul class="wp-block-list"> 
 <li>Rekt — the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt Brand — raised $1.5 million in seed funding.</li> 
</ul> 
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   <p lang="en" dir="ltr">We are delighted to announce our $1.5M seed round, funded completely by our community and angels.<br><br>After gifting equity to <a href="https://twitter.com/rektguyNFT?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@RektguyNFT</a> holders and selling out our first drop of 222k <a href="https://twitter.com/rektdrinks?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@RektDrinks</a>, this funding marks a huge leap in our path to Rekt World Domination. <a rel="nofollow" href="https://t.co/KvrZxG78Wz" target="_blank">pic.twitter.com/KvrZxG78Wz</a></p>— Rekt Brands (@RektBrands) <a href="https://twitter.com/RektBrands/status/1854169416541643144?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 6, 2024</a>
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<h3 class="wp-block-heading" id="strong-usual-labs-1-5-million-strong"><strong>Usual Labs, $1.5 million</strong></h3> 
<ul class="wp-block-list"> 
 <li>Usual Labs raised $1.5 million from investors like Echo, Comfy Capital, etc.</li> 
 <li>The project is a startup that is building the USD0 stablecoin ecosystem.</li> 
</ul> 
<h3 class="wp-block-heading" id="notable-crypto-vc-funding-rounds-under-1-5-million">Notable crypto VC funding rounds under $1.5 million</h3> 
<ul class="wp-block-list"> 
 <li>SkyX raised $1 million in pre-seed funding.</li> 
 <li>Betski gathered $345,000 in pre-seed investment.</li> 
 <li>Phi announced a strategic funding round with an amount TBD.</li> 
</ul> 
<p>Take a look at <a href="https://crypto.news/crypto-vc-funding-kraken-bags-42-5m-from-optimism-glow-labs-raises-30m/" target="_blank">last week’s column here</a>.</p> 
<p> Read more: <a rel="" href="https://crypto.news/tether-helps-canadian-police-recover-stolen-crypto/"> Tether helps Canadian police recover stolen crypto </a> </p>

Crypto VC Funding: VLayer touts $10M pre-seed raise

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