Crypto VC funding: Rain raises $58m, OrangeX secures $20m

This past week saw nearly $235 million in crypto VC funding with several notable funding rounds, led by Rain, which raised $58 million in Series B funding for its stablecoin interoperability platform.

Other key investments include M^0, securing $40 million for its decentralized middleware protocol, and OrangeX, which raised $20 million for its global crypto trading platform.

Additionally, aPriori gathered $20 million in a strategic round for its work in DeFi, liquidity, and staking. Other projects such as Hemi Labs, The Clearing Company, and Magne AI also raised significant funds, highlighting continued investor confidence across the crypto space.

Series B funding rounds dominated the activity this week. Here’s a breakdown of this week’s crypto funding developments, according to Crypto Fundraising data.

Rain

• Rain raised $58 million in a Series B round that included Sapphire Ventures, Dragonfly, and Galaxy Digital.
• The project is a stablecoin interoperability platform that has raised $88.5 million to date.

M^0

• M^0, a decentralized middleware protocol, secured $40 million in a Series B round.
• Polychain Capital, Ribbit Capital, and Endeavor backed the startup, which has raised $97.5 million to date.

OrangeX

• OrangeX, a global crypto trading platform, collected $20 million in a Series B round
• Investors include Kryptos and SCI Ventures; OrangeX has raised $30 million to date.

aPriori

• The project gathered $20 million in a strategic round. The startup operates in DeFi, liquidity, and staking sectors
• HashKey Capital, Pantera, and Primitive Ventures are aPriori’s investors.

Projects < $20 million

• Hemi Labs, $15 million in an unknown round
• The Clearing Company, $15 million in a Seed round
• Magne AI, $10 million in a Strategic round
• Hyperbot, $6.75 million in an unknown round
• Metafyed, $5.5 million in an unknown round
• Multipli, $5 million in an unknown round
• Splendor Labs, $4.5 million in a Seed round
• Almanak, $2.5 million in a Public sale
• Superfluid, $2 million in a Public sale
• Suzaku, $1.5 million in an unknown round
• Fly (ex Magpie Protocol), $340,000 in an unknown round