Crypto VC funding: Blockaid raises $50 million, Cygnus secures $20 million

In the third week of February, significant investments poured into security and infrastructure, spearheaded by Blockaid’s $50 million Series B funding round.

This week’s funding exceeded $150 million, with security, DeFi, and infrastructure projects dominating the investments, according to Crypto Fundraising data.

Blockaid, $50 million

  • Secured $50 million in Series B funding,
  • Supported by Ribbit Capital, Google Ventures, and Variant,
  • Blockaid has accumulated a total of $83 million in funding to date.

Kinto, $20 million

  • Kinto has successfully raised $20 million in an undisclosed funding round.
  • Supported by Brevan Howard.
  • The company’s total funding now stands at $25 million.

Cygnus, $20 million

  • Secured $20 million in pre-seed investment
  • Supported by Manifold, OKX Ventures, and Mirana
  • Developing innovative DeFi and stablecoin solutions

Altius, $11 million

  • Altius raised $11 million in pre-seed financing.
  • The venture is supported by Founders Fund, Pantera, and Archetype.

Universal Protocol, $9 million

  • Universal Protocol secured $9 million in an undisclosed funding round.
  • The round was supported by a16z Crypto, Coinbase Ventures, and Four Cities Capital.

Fluent Labs, $8 million

  • Fluent Labs has raised $8 million in seed funding
  • Supported by investors such as Polychain Capital, Primitive, and M41 Ventures
  • The initiative focuses on developing L2 infrastructure

Mansa, $7 million

  • Mansa secured $7 million in an undisclosed funding round.
  • The company is working on developing DeFi payment solutions.
  • Earlier in February, Mansa raised $10 million.

Primus Labs, $6.50 million

  • Primus Labs secured $6.50 million in seed funding.
  • The funding was supported by Dispersion Capital, Symbolic Capital, and VanEck.

Notable crypto VC funding rounds < $5 million

  • Yield Basis raised $5 million, achieving a $50 million FDV for its AMM and yield tools.
  • Acre secured $4 million with a $90 million FDV to advance Bitcoin DeFi.
  • WalletConnect raised $4 million through a public sale, reaching a $200 million FDV.
  • Mansa secured $3 million in pre-seed funding.
  • Maestro raised $3 million in seed funding.
  • AMMO raised $2.5 million to support AI infrastructure development.
  • Infinity Ground, Fomo, and ResearchHub each raised $2 million.
  • Nil Foundation and Mu Digital each secured $600,000 in public sales.
  • Form Network raised $306,500, reaching a $306.5 million FDV.
  • Forkast secured $100,000 with a $0.04 FDV.
  • RICH raised $50,000 for data privacy solutions.
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