Crypto VC Funding Surge: Fnality and Zerohash Lead with Major Rounds

In a notable week for cryptocurrency venture capital, startups collectively secured nearly $380 million across 17 deals. The funding landscape was dominated by significant raises from Fnality, which garnered $136 million in its Series C, and Zerohash, successfully raising $104 million in its Series D. These substantial investments underscore continued investor confidence in the digital asset space, even amidst broader market caution.

Key Takeaways

Crypto startups raised a total of $378 million across 17 deals during the week of September 21-27.
Fnality International secured the largest round with $136 million in Series C funding.
Zerohash followed with a $104 million Series D, bolstering its position as a crypto infrastructure provider.
RedotPay also saw significant backing, raising $47 million in a strategic round.

Fnality International's Strategic Investment

Fnality International announced a significant $136 million Series C funding round. This capital will support the development of its regulated payment system. The investment round saw participation from major financial institutions including Westpac, Bank of America, and Citi. To date, Fnality has raised a cumulative total of $344.2 million, highlighting strong backing from established players in the financial sector.

Zerohash Powers Crypto Infrastructure

Zerohash, a provider of full-stack crypto-service infrastructure, successfully closed a $104 million Series D funding round. This substantial investment was supported by prominent investors such as Fifth Third, Morgan Stanley, and SoFi. The funding will likely be used to expand its services and infrastructure offerings within the rapidly evolving digital asset market.

Other Notable Funding Rounds

Beyond the two lead rounds, several other projects also secured significant funding:

RedotPay: Raised $47 million in a strategic round, achieving a fully diluted valuation of $1 billion. Investors included Coinbase Ventures, Galaxy Digital, and Vertex Ventures.
Bastion: Secured $14.6 million in a strategic round from investors like Coinbase Ventures, Sora Ventures, and Samsung Next. Bastion operates across analytics, asset management, data services, and stablecoin sectors.
Raiku: Closed an $11.25 million seed round, backed by Pantera, Jump Capital, and Lightspeed Faction, to develop its coordination layer and infrastructure protocol.

A number of smaller seed and early-stage rounds also contributed to the week's total, including BULK ($8 million), Cloudburst ($7 million), Divine ($6.6 million), Shield ($5 million), Akio ($5 million), Coop Records ($4.5 million), Falcon Finance ($4 million), USD AI ($4 million), Stablecorp ($3.6 million), Melee ($3.5 million), Hana Network ($3 million), and Lab ($1.5 million).

Sources

Crypto VC Funding: Fnality secures $136m, Zerohash raises $104m, Crypto News.

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