Crypto VC Funding: Figure raises $787.5m in IPO, Rapyd bags $500m
News
The week of September 7-13 was a milestone period with $1.213 billion in crypto funding across 10 projects, including VC rounds and initial public offerings.
Summary
- Crypto funding totaled $1.21b with IPOs leading the week’s major capital inflows
- Figure’s $787.5m IPO marked one of the largest public offerings in crypto history
- Gemini raised $425m IPO while Rapyd secured $500n in Series F for fintech growth
Here’s a comprehensive overview of this week’s crypto funding activity as per Crypto Fundraising data:
Figure
- Figure raised $787.5 million through IPO
- The project offers loan origination and equity management
- Figure has bagged $2.51 billion so far
Rapyd
- Rapyd secured $500 million in a Series F round
- The project is a global fintech platform that offers payment infrastructure
- The investment was backed by Xpring, Target Global, and BlackRock
Gemini
- Raised $425 million through IPO
- Gemini is a US-based cryptocurrency exchange and custodian bank
- The exchange has raised $825 million so far
Inversion Capital
- Inversion Capital gathered $26.5 million in a Seed round
- The project is a private equity firm that focuses on traditional companies
- Investors include Dragonfly, VanEck, and Lightspeed Faction
Projects < $3 Million
- Intuition, $2.13 million in a public sale with $85 million fully diluted valuation
- Everlyn, $2 million in a public sale with a $100 million fully diluted valuation
- PlayAI, $2 million in a Public sale
- Gyld Finance, $1.5 million in a Pre-seed round
- Recoveris, $1.26 million in a Seed round
