Blockchain startups have secured $150.9 million in recent days, with Partior’s $60 million Series B announcement being the largest round last week and signaling solid investment in the cryptocurrency space.
The blockchain space saw a significant influx of funding this week, with 22 startups securing a total of $150.9 million across various funding rounds, according to Crypto Fundraising.
A breakdown of this week’s funding can be seen in the table below.
Largest funding round: Partior, $60 million
Frontrunner Partior has raised $60 million in a Series B funding round to improve a global, unified ledger-based interbank system for real-time clearing and settlement.
Peak XV Partners led the round, with participation from Valor Capital Group and Jump Trading Group, along with existing investors including JP Morgan, Standard Chartered and Temasek.
Fintech company Partior aims to use the funds raised from this latest round to expand its international network and integrate more currencies onto its platform, which currently supports the US dollar, euro, and Singapore dollar.
The company’s technology is already used by major banks such as DBS, JP Morgan and Standard Chartered to streamline payment flows.
Redstone Oracles, $15 million
Meanwhile, RedStone Oracles secured $15 million in a Series A round to advance its modular blockchain oracle solution.
The round was led by serial crypto venture capital investor Arrington Capital, with additional investment from Spartan, IOSG Ventures, and other notable investors.
Founded during the Arweave incubation program in 2021, RedStone has rapidly gained momentum and now boasts over 100 customers and is valued at $4 billion.
The company’s oracle product aims to reduce gas fees for decentralized applications on the Ethereum Virtual Machine (EVM) and Rollup-as-a-Service (RaaS) networks.
SendBlocks, $8.2 million
Another big winner in crypto VC funding this week is SendBlocks, an Israeli startup that specializes in blockchain data management.
The company raised $8.2 million in seed funding led by Castle Island Ventures, with other VCs including Pitango, Illuminate Financial, Laser Digital and Starkware also participating in the round.
SendBlocks’ platform enables blockchain companies to define what data is important to them and leverage its technology to extract valuable insights from the blockchain.
Other notable funding rounds
Tabi (formerly Treasure Land): Raised $16.1M in a public sale round. Tabi is a decentralized marketplace for NFTs with trading, launchpad, and gaming platform.
In a June 14, 2019 post on X, the company revealed that it had raised a massive $5 million just one hour after the start of its public token sale.
Zap: Having secured $15 million from investors including Rarestone Capital and Cypher Capital, ZAP focuses on reputation-based token distribution to reward user contributions and is extending its protocol to other blockchains.
The project says it will use the funding to help solve key problems in the airdrop and launchpad space, as well as expand its services to new locations and blockchains.
Rome ProtocolThe company has emerged from stealth after raising $9 million in funding from top crypto VC firms such as Hack VC and P2 Ventures.
Rome Protocol uses Solana (SOL) as an auxiliary network for the Ethereum (ETH) Layer 2 blockchain, aiming to improve efficiency without compromising user experience.
