The crypto investment scene saw strong activity from May 18 to 24, with total funding reaching $307.5 million. Leading the way was World, which raised $135 million to expand its iris-based identity project, World ID. The funding came from top investors including a16z Crypto, Bain Capital Crypto, and Selini.
Slash followed with a $41 million Series B round, backed by Goodwater, pushing its total raise to $60 million. Slash now holds a valuation of $370 million.
Other notable deals included Catena Labs raising $18 million in a seed round with backing from a16z Crypto and Breyer Capital, and Roxom securing $17.9 million from investors like Draper Associates and Borderless.
TrueX, a stablecoin DeFi app built by former Coinbase team members, raised $11 million to launch on the Solana network.
Several smaller projects also closed funding rounds: Hyperdrive raised $6 million, Acurast raised $5.4 million in a public sale, and VOYA Games secured $5 million. Other raises ranged from $1.2 million to $4.1 million for startups including Rover, Stablecorp, and Fermi Labs.
Most investments focused on finance, banking, payment services, and financial tech sectors, signaling strong interest in crypto’s role in financial services.
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