The post Tabit, Rain, CoreSky raise capital appeared on BitcoinEthereumNews.com.

This past week, there was an increased focus on venture capital investment in financial infrastructure services. Tabit Insurance and Rain collectively raised over $64 million for specialized financial solutions. According to Crypto Fundraising data, the total funding for the week exceeded $130 million. The data shows that more interest was shown in insurance, payments, and multi-ecosystem development across various blockchain networks. Tabit Insurance, $40 million Tabit Insurance raised $40 million in an unknown round The capitalization of the $40 million insurance facility in Bitcoin (BTC) is “an industry first,” with company auditors and regulators able to verify the financing in real time. Rain, $24.50 million Rain secured $24.50 million in an unknown round. The startup has raised a total of $30.5 million so far. Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka participated in the effort. Existing investors include Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure.  Excited to announce $24.5M in new funding for Rain led by @NorwestVP with participation from new investors @Galaxyhq, @CompoSecure, Goldcrest, Vinyl, @BDMIFund, @LatitudeCapital, Thayer and @_hardyaka, and existing investors @lightspeedvp, @cbventures, and @CanonicalCrypto.… pic.twitter.com/q7QjkKAaXa — Rain (@raincards) March 24, 2025 CoreSky, $15 million CoreSky has raised $15 million in Series A funding The investment was backed by Tido Capital and other investors The project is creating meme launchpad on Ethereum (ETH) Abound, $14 million Raised $14 million in an unknown round Backed by NEAR Foundation, O Ventures, and Times Internet Abound is a cross-border remittance and rewards super app Chronicle Labs, $12 million Chronicle Labs raised $12 million in seed funding The investment was backed by Strobe, Brevan Howard, and V. The project…

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Filed under: News - @ March 29, 2025 1:23 pm