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

The third week of February saw major investments in security and infrastructure, with Blockaid leading the way with a $50 million Series B round.

The week’s funding totaled over $150 million, with security, DeFi, and infrastructure projects leading the funding as per Crypto Fundraising data.

Blockaid, $50 million

• Raised $50 million in Series B funding
• The project is backed by Ribbit Capital, Google Ventures and Variant
• Blockaid has raised a total of $83 million so far

Kinto, $20 million

• Kinto has secured $20 million in an unknown round
• Backed by Brevan Howard
• Kinto has raised a total of $25 million

Cygnus, $20 million

• Raised $20 million in pre-seed funding
• Cygnus is backed by Manifold, OKX Ventures, and Mirana
• The project is creating DeFi and stablecoin solutions

Altius, $11 million

• Altius secured $11 million in pre-seed funding
• The project is backed by Founders Fund, Pantera, and Archetype

Universal Protocol, $9 million

• Universal Protocol raised $9 million in an unknown round
• Backed by a16z crypto, Coinbase Ventures, and Four Cities Capital

Fluent Labs, $8 million

• Fluent Labs secured $8 million in seed funding
• Backed by Polychain Capital, Primitive, and M41 Ventures
• The project is creating L2 infrastructure

Mansa, $7 million

• Mansa raised $7 million in an unknown round
• The project is developing DeFi payment solutions
• Mansa has raised $10 million in February

Primus Labs, $6.50 million

• Primus Labs raised $6.50 million in seed funding
• Backed by Dispersion Capital, Symbolic Capital, and VanEck

Notable crypto VC funding rounds < $5 million

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