The post Crypto VC funding: Ithaca raises $20m, Delta secures $11m appeared on BitcoinEthereumNews.com.

Ithaca and Delta are the top two firms with the highest fundraising for the week, data shows. Held against last week’s modest fundraising, crypto VC funding has seen an uptick in the number and volume of funds raised this week. This resembles the overall trend in early 2024, where VC crypto funding has been surging and sustained throughout the year. Data from Crypto Koryo shows that the total investment and the number of investments have surged in comparison to the last quarter of 2023. Crypto.news compiled the data from Oct. 6 to Oct. 12 from Crypto Fundraising. Here’s this week’s top crypto VC funding data. Ithaca, $20 million Ithaca is a project focused on expanding decentralized technology by the creation of an open-source developer tool stack. The firm raised $20 million from Paradigm recently. Delta, $11 million Delta is a permissionless network that allows for efficient interoperability between member domains. The company raised $11 million from investors like Variant, DBA and Figment Capital. Introducing delta, a network of networks with shared state delta is an integrated system, built from the ground up to break the trade-off between sovereignty and interoperability for developers We’re thrilled to announce $11M in funding to realize this vision pic.twitter.com/dUdkeEYhjX — delta (@deltadotnetwork) October 9, 2024 Humanode, $10 million Humanode is a crypto-biometric network that has introduced Sybil resistance and governance models. The network has raised over $22.76 million so far. The latest $10 million raised was from investors like Republic Crypto and Big Brain Holdings. Catacomb Crawlers, a mobile roguelike survival, is launching as the first Sybil-resistant game under Humanode incubation. Developed by Emeroth Studio, the team that worked on League of Legends, Valorant, Heroes of Newerth, and Final Fantasy, the game attracted 240K+ downloads… pic.twitter.com/KHDfeKRwaq — Humanode (@humanode_io) October 7, 2024 The Open Network, $10…

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Filed under: News - @ October 12, 2024 2:13 pm