BUSINESS

Rain Secures $58M While OrangeX Raises $20M

In the past week, crypto venture capital funding reached nearly $235 million, featuring several high-profile funding rounds. The leader was Rain, which raised $58 million in Series B funding for its platform focused on stablecoin interoperability.

Other significant investments included M^0, which secured $40 million for its decentralized middleware protocol, and OrangeX, raising $20 million for its global crypto trading platform.

Furthermore, aPriori raised $20 million in a strategic round aimed at enhancing its DeFi, liquidity, and staking initiatives. Additional projects such as Hemi Labs, The Clearing Company, and Magne AI also garnered noteworthy funding, reflecting ongoing investor enthusiasm within the crypto sector.

This week was particularly characterized by Series B funding rounds. Below is a summary of the weekโ€™s crypto funding activities, according to Crypto Fundraising data.

Summary

  • Crypto VC raised $234.9 million this week, led by Rainโ€™s $58 million Series B round.
  • M^0 secured $40 million in Series B, while OrangeX raised $20 million for expansion.
  • Additional smaller projects raised between $1.5 million and $15 million, indicating strong sector diversity.

Rain

  • Rain successfully raised $58 million in its Series B round, with participation from Sapphire Ventures, Dragonfly, and Galaxy Digital.
  • This stablecoin interoperability platform has now raised a total of $88.5 million.

M^0

  • M^0, a decentralized middleware protocol, achieved $40 million in a Series B round.
  • The startup, backed by Polychain Capital, Ribbit Capital, and Endeavor, has now raised $97.5 million in total.

OrangeX

  • OrangeX, a global crypto trading platform, raised $20 million in a Series B round.
  • Investors included Kryptos and SCI Ventures; the total amount raised by OrangeX now stands at $30 million.

aPriori

  • aPriori gathered $20 million in a strategic round, focusing on DeFi, liquidity, and staking sectors.
  • Key investors include HashKey Capital, Pantera, and Primitive Ventures.

Projects < $20 million

  • Hemi Labs raised $15 million in an undisclosed round.
  • The Clearing Company secured $15 million in a Seed round.
  • Magne AI raised $10 million in a Strategic round.
  • Hyperbot obtained $6.75 million in an undisclosed round.
  • Metafyed raised $5.5 million in an undisclosed round.
  • Multipli secured $5 million in an undisclosed round.
  • Splendor Labs raised $4.5 million in a Seed round.
  • Almanak secured $2.5 million through a Public sale.
  • Superfluid attained $2 million in a Public sale.
  • Suzaku gathered $1.5 million in an undisclosed round.
  • Fly (formerly Magpie Protocol) raised $340,000 in an undisclosed round.

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