Praxis takes home $525m, Blockstream follows suit with $210m
The post Praxis takes home $525m, Blockstream follows suit with $210m appeared on BitcoinEthereumNews.com.
Praxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data. Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin (BTC) reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19. Here are the firms that topped the list, according to Crypto Fundraising. Praxis, $525 million Praxis is the first network state, which is building an online community of people with similar national consciousness. The firm leads the week’s crypto VC funding with $525 million raised. The primary investors in the fundraising include Gem Digital, Arch, Manifold, etc. Blockstream, $210 million Blockstream is building a crypto-financial infrastructure based on Bitcoin. The company has raised $210 million from lead investor Fulgur Ventures. Blockstream’s crypto VC funding stands at $621 million in total. Blockstream has closed a $210M convertible note financing round led by @FulgurVentures, driving our mission to bring Bitcoin into global finance. This capital accelerates layer-2 development, expands mining ahead of the next Bitcoin cycle, and grows one of the world’s largest… pic.twitter.com/gi1ov0LCYU — Blockstream (@Blockstream) October 15, 2024 Azra Games, $42.7 million Azra Games is a gaming studio that focuses on creating immersive-role playing games. In a Series A led by Pantera, the company raised $42.7 million. Yellow Card Financial, $33 million Yellow Card Financial is a pan-African crypto exchange. The exchange raised $33 million in a Series C led by Blockchain Capital. Yellow Card Financial has raised a total of $89.5 million so far. Big news at Yellow Card!🎉 We’ve raised US $33M in our Series C funding, led by @blockchaincap, bringing our total equity to $85M! This game-changing investment fuels our growth…
Filed under: News - @ October 19, 2024 10:00 pm